Seven people were rounded up in connection with laundering more than HK$111 million (US$14 million) in suspected crime proceeds through 48 bank accounts in Hong Kong in a crackdown on a criminal ...
HSBC executive apologizes for calling the UK ‘weak’ over China
A top executive at HSBC has apologized after reportedly calling the UK government “weak” over its dealings with China, in another sign of the political tightrope the British bank has been made to walk ...
HSBC exec slams ‘weak’ UK for siding with US against China, drawing backlash from MPs
Coles, the bank’s head of public affairs, apologised for ‘any offence caused’ by his ‘personal comments’, made at a closed door event in London.
Credit Suisse to cut 80% of Hong Kong investment bank jobs: Report
Nearly 80% of investment banking staff of Credit Suisse in Hong Kong is likely to be laid off this week, as part of the bank's integration with UBS Group, Reuters reported ...
Hong Kong warns unlicensed crypto platforms
The Hong Kong Securities and Futures Commission (SFC) issued a warning today regarding unlicensed cryptocurrency exchanges engaging in "improper practices." The regulator highlighted that conducting ...
UBS shuffles bank bosses in bid to better compete with Wall Street
UBS on Monday announced an overhaul of its investment banking division, including naming the unit's M&A chiefs, marking a key step in integrating Credit Suisse. UBS CEO Sergio Ermotti is seizing on ...
Credit Suisse Hong Kong investing banking job cuts, targeting 80%, start this week: Sources
Around 80 per cent of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts will start from this week, two people with knowledge of the matter said, as part of the ...
VC deal value in Asia falls in second quarter but optimism grows about pick-up in IPOs in Hong Kong and China, says KPMG report
VC deal value in Asia in the second quarter was US$20.1 billion, down from US$35.1 billion in the same period last year KPMG says increased support from local governments in China and collaboration ...
Don’t buy HSBC executive’s fake apology over China propaganda boosting
The head of public affairs for Britain's multinational HSBC bank has sparked controversy by claiming that London was "weak" for supporting U.S.-led measures to restrict certain trade with China.
Hong Kong regulator warns of criminal offense by unlicensed crypto exchanges engaging in improper practices
Hong Kong’s Securities and Futures Commission (SFC) has issued a stern warning to unlicensed virtual asset trading platforms (VATPs) engaging in improper practices. The regulator has observed that ...
HSBC executive apologises for calling UK ‘weak’ over China
Coles, who is the banking giant's head of public affairs, reportedly made the comments at a closed-door event in London two months ago, according to Bloomberg News.
Hua Hong Semiconductor, world’s second-largest IPO this year, makes strong start on Shanghai’s Nasdaq-style Star Market
Hua Hong Semiconductor, the world's second-largest initial public (IPO) this year, made a stellar debut on mainland China's Star Market despite being issued at twice the price of its Hong Kong-listed ...
Top HSBC boss calls the U.K. ‘weak’ for taking sides with the U.S. against China
Cowper-Coles, who is also the chair at China British Business Council and a former British ambassador to Hong Kong before its handover to China in the late 1990s, made his comments following a China ...
HSBC senior official apologises for saying UK ‘weak’ over China
HSBC was accused by two influential U.S. and British lawmakers in June of contributing to the oppression of people in Hong Kong by thwarting their attempts to access pension funds in order to emigrate ...