HSBC's biggest shareholder Ping An is likely to vote in favour of splitting the bank up at its annual investor meeting on May 5, a source familiar with the Chinese insurer's thinking said on Monday.
Hong Kong consumption vouchers: eager shoppers welcome fresh round of spending credits but some say HK$5,000 value not ‘shocking’ enough
First of two tranches dished out on payment platforms from Sunday, giving users HK$3,000 in digital credit Foreigners in city on various talent and work admission schemes, or to study, also entitled ...
BYD, HSBC keep Hong Kong stocks near 1-week high before China GDP data while JD.com slides amid competition
China's economic recovery likely strengthened last quarter while manufacturing and retail sales advanced in March, official reports this week may show JD.com slides as some analysts turn more bearish ...
Hong Kong set for ‘mild’ growth in first quarter amid upbeat consumption, smaller exports decline: Paul Chan
Financial secretary says overall consumption has recently surged 17 per cent on the back of Covid curbs being lifted He sounds hopeful note on tourist spending as flight capacity takes off Hong Kong's ...
Julius Baer sets up Hong Kong office as Swiss private bank follows super-rich clients eyeing investment visas, tax concessions
We have existing clients who have already set up family offices here and we have seen plenty more who are exploring the opportunity,' a senior executive says The Zurich-based private bank will ...
Hong Kong releases HK$3,000 in first phase of consumption vouchers scheme
Hong Kong has released the first phase of this year’s consumption vouchers scheme, allowing residents to collect HK$3,000 in their digital payment accounts. From Sunday, those who elected to receive ...
Protect Hong Kong’s internet, financial security or risk ‘battleground without gunfire’, city’s Paul Chan warns
Financial Secretary Paul Chan says city must safeguard status as international fiscal centre in light of increasing tensions between China and West.
Innovate Finance slammed for hosting Hong Kong minister at London conference
Fintech industry body Innovate Finance has been criticised over its decision to invite a senior Hong Kong finance minister to speak at a London conference next week as the territory’s government ...
China’s top banker says rate hikes by Western nations fuel global financial instability
People’s Bank of China Governor Yi Gang addresses finance ministers in Washington in first trip to US capitol by a senior Chinese economic official since pandemic.
Bitcoin glory on Chinese TikTok, 30M mainland users, Justin Sun saga: Asia Express
Bitcoin's day of glory on Chinese TikTok, 30M crypto fans still in China, Justin Sun's subpoena after dream rendezvous with Web3 socialite.
HSBC’s exit from French retail market set to face delays as ‘unexpected interest rate rises’ force Cerberus to find more cash
HSBC’s exit from the French retail market has been thrown into doubt after Cerberus Capital said it will need to stump up more cash to fund the transaction as a result of rising interest rates. In ...
HSBC Warns France Sale In Jeopardy Over Capital Concerns
HSBC's planned sale of its French retail banking business to Cerberus-backed My Money Group may fall through due to interest rate rises in France that have boosted the amount of capital the buyer will ...
Is Indonesia’s IPO future as bright as it looks, as Harita Nickel makes glittering public debut?
Jakarta’s stock exchange proving to be a bright spot amid stuttering global IPO market, with nickel producer’s debut underlining appetite for electric vehicle battery sector.
Hong Kong stocks waver as mainland China funds buy big-cap tech while Fed rate outlook improves
Hong Kong stocks wavered even as mainland China funds supported big-cap tech companies while major corporate insiders retreated. Slowing price gains in the US fuelled hopes the Federal Reserve will ...