HSBC has been forced to set aside $1.1bn (£970m) to cover bad debts in the wake of rising interest rates and a weak Chinese property market, prompting its share price to slump. The high street bank’s ... ( read original story ...)
2023 is ‘year of hope’ for Hong Kong, says Financial Secretary Paul Chan, as city vies to reclaim former status
Chan went all out to convince financial bigwigs gathered in Saudi Arabia that Hong Kong is clawing its way back to its pre-pandemic global hub status 'We had been out of touch with the rest of the ... ( read original story ...)
Phone scammers exploit Hong Kong public’s Covid-19 fears as more than HK$720 million stolen from victims in first nine months of year
Phone scammers steal HK$721 million in first 9 months of 2022 as total lost to fraudsters hits HK$3.3 billion People working from home and socially isolated under Covid rules ‘more vulnerable to ... ( read original story ...)
Hong Kong’s John Lee says ‘resilient’ stock market systems in place as Hang Seng Index falls to 13-year low
Hong Kong has “resilient” systems to cope with stock market volatility, Chief Executive John Lee has said, as the city’s Hang Seng Index plunged to a 13-year low a day after Chinese leader Xi Jinping ... ( read original story ...)
Hong Kong has always played the role of connecting the East and West, says stock exchange
Laura Cha, Hong Kong Exchange chair, speaks to CNBC's Dan Murphy at the Future Investment Initiative in Riyadh about Hong Kong's status as an "international financial center." ... ( read original story ...)
HSBC names new CFO as Q3 profits fall
HSBC on Tuesday named Georges Elhedery, a former head of its investment bank, as its new chief financial officer in a surprise move that leaves him ... ( read original story ...)
FTSE 100 seen slightly higher, HSBC falls in Hong Kong after results
Spread betting companies are calling London’s blue chip index up by around 11 points but shares in HSBC have fallen around 2.6% in Hong ... ( read original story ...)
Most Asia markets rise on Fed bets as Hong Kong, Shanghai struggle
Hong Kong and Shanghai stocks saw big swings Tuesday following the previous day's rout after Xi Jinping tightened his grip on power in China, while other Asian markets extended gains on hopes the ... ( read original story ...)
China’s Giant Biogene slashes Hong Kong IPO size, valuation -sources
China's Giant Biogene Holding Co Ltd launched on Tuesday an initial public offering (IPO) in Hong Kong to raise up to $80 million, a term sheet showed, sharply lower than its original target of $500 ... ( read original story ...)
HSBC Profits Fall On French Retail Impairment Charge
In a statement to the Hong Kong stock exchange, HSBC said it was looking to offload its French retail arm "as part of our actions to simplify our operations" in Europe adding that it hoped the sale ... ( read original story ...)
HSBC Third-Quarter Profit Beat Forecasts Despite 46% Decline — Earnings Review
By Clarence Leong HSBC Holdings PLC reported third-quarter results on Tuesday. This is what we watched: NET PROFIT: The Asia-focused bank posted net ... ( read original story ...)
HSBC Holdings profit tumbles 46%, amid impairment charges, more provisions for bad loans
The Asia-focused lender on Tuesday posted $1.91 billion net profit for the three months to Sept. 30, down from $3.54 billion in the year-earlier period. ( read original story ...)
HSBC beats profit expectations on back of global rate increases
HSBC delivered higher than expected profits on the back of rising interest rates in the third quarter and announced changes to its leadership with the appointment of a new chief financial officer. The ... ( read original story ...)
Hong Kong Sevens vs Covid-19: how tournament came back from brink to beat toughest opponent
From cancelled Sevens in 2020 and 2021 to an event proceeding under pandemic constraints, the Post recaps a testing three years. ( read original story ...)