The main board recorded a trading volume of nearly HKD 42.3 billion. The Hang Seng China Enterprises Index reported a decline of 64 points or 1.1% to 5,810 points. The Hang Seng Tech Index reported a ...
Hong Kong holds Rugby Sevens as international visitors return
Hong Kong kicks off the Rugby Sevens tournament on Friday, one of the city's most popular sporting events, with international visitors returning after three years of COVID restrictions and as ...
PBBM welcomes HSBC commitment to support economic agenda
President Ferdinand R. Marcos Jr. on Thursday welcomed the commitment of the Hongkong and Shanghai Banking Corporation (HSBC) to support the government’s economic agenda and continue to invest in the ...
Hong Kong stocks make early gains after break
Hong Kong stocks opened slightly higher on Friday morning as investors returned from a midweek break to play catch-up with the previous day's gains ...
Beijing nudged Syngenta to withdraw $9 billion Shanghai IPO on market weakness, sources say
(Reuters) -Chinese authorities nudged Swiss agrichemicals and seeds group Syngenta to withdraw its application for a long-delayed $9 billion IPO in Shanghai on concerns about the impact a sizeable new ...
HSBC’s chairman says Asia business spin-off ‘will not happen’
HONG KONG (Reuters) -HSBC Chairman Mark Tucker told the bank's shareholders in Hong Kong on Wednesday a spin-off of its Asian business will not happen. "There is no appetite amongst our shareholder ...
HSBC chairman says Asia business spinoff ‘will not happen’
HSBC chairman Mark Tucker told the bank’s shareholders in Hong Kong on Wednesday (Apr 3) that a spinoff of its Asian ...
HSBC chairman says spinoff of bank’s Asian business ‘will not happen’
HSBC Chairman Mark Tucker said on Wednesday that there is ‘no appetite amongst our shareholder base’ to vote for a spinoff ...
How HSBC volunteer has built lasting relationship with elderly widow after helping her get through hard times
Winky Kwok, an HSBC volunteer, still provides emotional support to passionate fabric-patchwork maker Ivy To after her ‘dream’ exhibition comes true.
Hong Kong Feb retail sales up 1.9% as tourism continues recovery
HONG KONG (Reuters) - Hong Kong's February retail sales rose 1.9% from a year earlier, helped by the continued recovery of handling capacity and revival in tourism, government data showed on Wednesday ...
Hong Kong stocks end lower
Hong Kong shares finished with big losses on Wednesday on growing worries that recent strong US data will keep the Federal Reserve from cutting rates as much as hoped this year. The Hang Seng Index ...
HSBC said to explore sale of some German units in further exit from Europe to focus on Asia
HSBC is exploring the sale of various business units in Germany, according to people familiar with the matter. This could add to its exits from Canada, France and Brazil in recent years.
Hong Kong stocks retreat as property and banking shares drop after US data dims rate cut view
Hong Kong stocks slipped amid a global risk-off sentiment after strong US economic data sparked a rise in bond yields and a paring back of interest rate cut hopes. This overshadowed upbeat data which ...
AI Enhanced Financial Crime and Deepfakes Becoming Major Problem for Banking Institutions, US Treasury Dept Warns
A recent report released by the US Treasury has called on banking institutions to enhance their risk management controls/frameworks.