The moves come as the city’s regulators promote cross-sector fintech development and the city’s eight virtual banks quest to become profitable.
Hang Seng Bank Ltd’s Dividend Analysis
Established in 1933, Hang Seng Bank is a Hong Kong-based financial institution with a rich history. The bank operates three main segments: retail banking and wealth management, commercial banking ...
HSBC Buys back Nearly 3.44M Shrs Ytd for $218M
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 3.4372 million shares of the company in the Hong Kong market yesterday (12th), at a price of $63.2-63.65 per share... HSBC HOLDINGS ...
Peter Wong Confident on HK’s Ability to Recover from Financial Malaise
Peter Wong, chairman of the Hongkong and Shanghai Banking Corporation, said he remains highly confident on Hong Kong's ability to recover from its current predicament, stating ... Peter Wong, chairman ...
Forget About Tech. Shiyue Daotian Cooks Up Hot IPO With Premium Rice
Shiyue Daotian has sizzled in the week since its trading debut, as investors bet on its position as one of China’s top premium rice sellers The company’s pre-IPO backers include such big names as ...
Hong Kong Stocks End The Week In A Rout As China’s Central Bank Pumps $100 Billion Into Banking System Ahead Of Long Weekend
Shares in Hong Kong ended the week lower after a rout of selling among tech names and as property continues to skewer markets. Investors also focused on bank earnings next week which they expect to be ...
Hong Kong Monetary Authority admits short-changing buyers of shredded banknote paperweights found to be light on cash content
Authority said paperweights, sold about six years ago, also contained pebbles, which reduced the amount of space for shredded cash Labels said the novelties contained about HK$138,000 in cash, but ...
Elderly Hong Kong man loses HK$11.4 million after WhatsApp message leads to bogus investment platform
Retiree responded to WhatsApp message from person posing as investment expert in June, police insider says Victim coaxed into transferring HK$9.13 million into local bank accounts for 'investing' and ...
HSBC Analyst Recommends ‘Buy’ Rating for Techtronic Industries: Anticipated Profit Margin Recovery and Growth Potential
HSBC analyst Helen Fang maintained a Buy rating on Techtronic Industries (TTNDF – Research Report) yesterday and set a price target of ...
HK at the forefront of central bank digital currencies
The Hong Kong Monetary Authority (HKMA), along with the Bank of Israel (BOI) and the Bank for International Settlements (BIS) Innovation Hub Hong Kong Centre, announced the publication of a joint ...
Hong Kong policy address 2023: property market may roar again if stamp duty eases, but will first-time buyers and some locals be squeezed out?
City leader John Lee is set to unveil plans to revive sluggish property market in policy address, which experts say can spur economy and lure foreign talent But they warn local first-time buyers may ...
3 arrested over falsifying HK$193 million in deals for 2 Hong Kong listed companies following joint probe involving anti-corruption agency
Suspects, including executive director, arrested for allegedly using false documents to overstate revenue, assets.
Hong Kong Stocks Tumble Over Ugly Chinese Housing Data; EV Makers Plunge After Tesla’s Earnings Disappointment
Shares in Hong Kong and China dropped Thursday on a slew of bad economic data from the housing and financial sector. The Hang Seng Index fell 2.5% to 17,295.89 points and China’s CSI 300 index ended ...
3 arrested over falsifying HK$193 million in deals for 2 Hong Kong listed companies following probe involving anti-corruption agency
Suspects, including executive director, arrested for allegedly using false documents to overstate revenue, assets Authorities detect suspected false transactions during operations against alleged ramp ...