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HSBC

Singapore jails businessman who tried to buy Newcastle United in 2020

by Walter Watson
Singapore jails businessman who tried to buy Newcastle United in 2020

A former employee of the healthcare group who worked closely with Loh – Michael Wong Soon Yuh – was found guilty of five charges, including cheating, the police said on …

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Opinion | How Hong Kong can be a climate change superconnector

by Anas Siddiqui
Opinion | How Hong Kong can be a climate change superconnector

Hongkongers are already feeling the effects of climate change. By the 2040s, an interuniversity team of Hong Kong researchers predict, residents will sweat through an average of 48 nights per …

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Parents dig into savings and pensions to pay for international education, survey finds

by Judith Hall
Parents dig into savings and pensions to pay for international education, survey finds

Finding the money to pay for tuition, accommodation and the other costs associated with an overseas education is a primary concern for most families, HSBC’s Quality of Life report stated. …

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Chinese e-commerce sales up 14% during 618 shopping festival, report says

by Anas Siddiqui
Chinese e-commerce sales up 14% during 618 shopping festival, report says

Douyin, the Chinese version of TikTok, led all other platforms with a 26.2 per cent surge in GMV, followed by Pinduoduo’s 17.7 per cent and Kuaishou’s 16.1 per cent. Alibaba …

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Banks need more government help to backstop SMEs’ finance needs: HSBC co-CEO

by Anas Siddiqui
Banks need more government help to backstop SMEs’ finance needs: HSBC co-CEO

Banks need better government backing to support the financing needs of small and medium-sized enterprises (SMEs), particularly during difficult economic times, according to HSBC’s co-CEO for the Asia-Pacific region. “The …

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Hong Kong’s WeLab eyes Southeast Asia digital banks, exporting tech services as new growth engines

by Anas Siddiqui
Hong Kong’s WeLab eyes Southeast Asia digital banks, exporting tech services as new growth engines

“With about 700 million people in Southeast Asia creating strong demand for financial technology, we believe the expansion of our digital banking services and technology export services will be the …

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JPMorgan: Capital seekers must pitch their commitment to ESG, UN sustainability goals

by Anas Siddiqui
JPMorgan: Capital seekers must pitch their commitment to ESG, UN sustainability goals

Investors are eager to pour funds into achieving the United Nations’ sustainable development goals (SDGs) in emerging markets, but companies and government institutions are leaving money on the table because …

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HSBC, DBS Hong Kong stand pat on interest rates as wait for borrowing-cost relief extends

by Anas Siddiqui
HSBC, DBS Hong Kong stand pat on interest rates as wait for borrowing-cost relief extends

HSBC, Hong Kong’s biggest note-issuing bank, and DBS Hong Kong will keep their key lending and deposit rates unchanged, meaning mortgage borrowers and companies face a longer wait for relief …

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Hong Kong keeps rate steady for seventh time as traders shift focus to September for first cut

by Anas Siddiqui
Hong Kong keeps rate steady for seventh time as traders shift focus to September for first cut

The Fed’s policymakers signalled just one rate cut this year, pencilling in four reductions in 2025. That did little to douse the fervour in the stock market, as the S&P500 …

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National Bank reaches deal to buy Canadian Western Bank at $5B valuation

by Anas Siddiqui
National Bank reaches deal to buy Canadian Western Bank at B valuation

Canada’s banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion. …

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