This includes supermarkets, restaurants, beauty salons, public transport, and more. It’s also accepted in online platforms that allow payment by Alipay Hong Kong, BoC Pay, Octopus, PayMe, HSBC, Tap & ...
HSBC’s Defense Is Sturdier Than Standard Chartered’s
HSBC Holdings Plc and Standard Chartered Plc both have unwanted attention from outsiders: HSBC’s biggest investor is demanding a breakup, and a potential suitor from Abu Dhabi is threatening the ...
Hong Kong Budget 2023: City expects to see HK$140 billion deficit, but ‘visible rebound’ in economy expected
The Hong Kong government expects to record a deficit of HK$140 billion in 2022-23, more than double the HK$56 billion initial estimate. The estimated fiscal deficit was revealed by Financial Secretary ...
Hong Kong’s crypto hub plans win quiet backing from Beijing
Hong Kong rolled out the red carpet for crypto businesses to help revitalise the embattled financial hub. Signs are now emerging that the push has under-the-radar backing from Beijing, providing ...
Hong Kong budget 2023-24: after ‘Hello’, comes ‘Happy’ – finance chief to dish out consumption vouchers as part of drive but focus is on new growth engines
Financial Secretary Paul Chan expected to roll out consumer vouchers and raise taxes 'Happy Hong Kong' drive also to be announced, featuring collaborations with theme parks to boost local spending ...
Hong Kong in bid to become global centre for multi-trillion dollar green technology finance market and create new economic pillar post-Covid
Plan for city to become global green tech finance centre to be unveiled in Wednesday's budget with new task force to push proposal forward A separate task force will be established to boost city's ...
Profits jump at HSBC as it moves to fend off break-up calls from China
HSBC today moved to fend off pressure from one its biggest shareholders to break up the group and return chunks of cash to investors. Ping An, a Chinese financial group which has a long history with ...
Hong Kong’s crypto ambition gets subtle nod from Beijing: Report
Beijing is reportedly giving quiet support to the special region of Hong Kong in its vision to become a cryptocurrency hub in Asia.
HSBC eyes special payout after profit jumps, bonus pool cut
In a move that will prove especially popular to its large investor base in Hong Kong, HSBC said it would resume paying quarterly dividends from the first quarter this year. It said it has brought ...
HSBC to pay largest dividend in 4 years, lifted by bumper fourth-quarter profit that beat forecasts
HSBC said it would pay shareholders its biggest dividend in four years, after the fourth-quarter profit of Hong Kong’s largest bank more than doubled on higher interest rates and improved revenue in ...
HSBC signals rate rise profit windfall has peaked even as payouts rise
HSBC dampened investors' expectations of a sustained income bonanza from rising global interest rates, even after Europe's biggest bank reported a 92% surge in quarterly profit and pledging more ...
HSBC says pre-tax profits slip to $17.5bn in 2022
Banking giant HSBC announced a dip in 2022 pre-tax profits last year, on impairment charges linked to the upcoming sale of its French retail operations.
HSBC lifts CEO Quinn’s pay and eyes special payout after profit jump
Despite the overall bonus cuts for staff, Chief Executive Noel Quinn saw his pay package jump 14% to £5.6m (€6.31m) ...
Hang Seng Bank 2022 Net Interest Income HK$28.98B Vs. HK$23.82B >0011.HK
Hang Seng Bank Ltd. reported a 27% drop in its 2022 net profit due to the increase in expected credit losses to reflect higher risks for borrowers in mainland China's commercial real estate sector.