Banking giant HSBC said today that its pre-tax profits jumped to US$12.9 billion (RM57.5 billion) in the first quarter of 2023, a US$9 billion increase ...
HSBC pre-tax profits jump to US$12.9bil in Q1
HSBC has also announced a US$2 billion share buyback and its first quarterly dividend since 2019. (AP pic) HONG KONG: Global banking giant HSBC announced Tuesday a US$9-billion jump in pre-tax profits ...
‘Worst is over’, Citi official says as bank looks to increase staff in Hong Kong
Citigroup, the biggest foreign lender in Hong Kong, will increase staff at its commercial banking unit in the city by 100 to tap growing opportunities in the Greater Bay Area, according to a senior ...
Mox Bank hit HK$170m operating income in 2022
The bank remains dedicated to reaching break-even in 2024, CEO Barbaros Uygun said. Mox Bank has increased its total operating income to HK$170m in 2022, from a negative HK$7.7m in 2021, according to ...
Hong Kong’s livi bank records HK$17m operating income
Its loan balance has surpassed HK$1.3b as of end 2022. Hong Kong’s livi bank has recorded a positive operating income of HK$17m in 2022, which the bank attributed to its growing portfolio of loan ...
Hong Kong leader says Q1 GDP grew 2.7% year-on-year
Hong Kong leader John Lee said the city's economy grew 2.7% in the first quarter of 2023, ahead of official data due to be released at 0830 GMT on Tuesday, snapping four consecutive quarters of ...
Hong Kong stocks slip as China manufacturing slumps, foreign funds exit while HSBC jumps before earnings report
Official data showed manufacturing in China contracted in April to the lowest since before the reopening late last year Foreign funds pulled about US$658 million from the onshore markets in April, ...
Shareholder Advisory ISS Calls for Opposition to Spinning-off HSBC Asian Biz
ISS (Institutional Shareholder Services), a shareholder advisory firm, issued its opinion that shareholders of HSBC HOLDINGS (00005.HK) +0.250 (+0.445%) Short selling $127.98M; Ra ...
Hong Kong reports Q1 GDP growth after disastrous 2022
Hong Kong's economy grew in the first quarter of 2023, the city's leader said on Tuesday (May 2), ending a disastrous year-long spell in which the finance hub was effectively closed for business over ...
World Rugby Sevens Challenger Series: Hong Kong’s men and women bounce back to bow out with pride
After missing out on main Series spots in South Africa quarterfinals, Paul John’s men and women claim wins in their placement matches on Sunday.
‘Happy Hong Kong’ campaign, spending vouchers set to reinforce city’s economic recovery, finance chief Paul Chan says
Financial Secretary Paul Chan says two programmes can help consolidate economic recovery of the second quarter and positive expectations of the market.
Hong Kong virtual banks ‘likely to develop as big players’ even as they report losses for 2022, as loan books grow and new businesses expand
Virtual banks are likely to develop as big players as they fit in with Hong Kong's culture of being 'quick with everything', analyst says Unsecured lending key to virtual lenders turning profitable: ...
Are Law Firms Reassessing Their Investments in Hong Kong IPOs?
There isn't much capital markets work in Asia these days, Jessica Seah writes in the Asia Legal Briefing. So what are all those capital markets lawyers in Hong Kong doing?
HSBC set for showdown with Chinese investors: Bosses in key AGM confrontation over future of bank as largest shareholder demands break-up
The bank is under pressure from Chinese insurance giant Ping An, which wants HSBC to spin off its lucrative operations in Asia.