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HSBC

Finance leaders at Hong Kong FinTech expo support tokenisation as a means to improving business efficiency

by Anas Siddiqui
Finance leaders at Hong Kong FinTech expo support tokenisation as a means to improving business efficiency

The finance industry should embrace tokenisation along with other new technologies that can help improve business efficiency, but such launches should be made in a controlled environment to manage risks …

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Hong Kong sees sluggish weekend sales at new developments in Kai Tak and Aberdeen, as buyers snap up only 92 of 303 flats on offer

by Anas Siddiqui
Hong Kong sees sluggish weekend sales at new developments in Kai Tak and Aberdeen, as buyers snap up only 92 of 303 flats on offer

The first weekend of November saw sluggish sales at two Hong Kong residential projects, with a combined 303 units hitting the market, as homebuyers continued to take a wait-and-see approach …

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Finance committee MPs ask federal government to reject RBC-HSBC deal

by Anas Siddiqui
Finance committee MPs ask federal government to reject RBC-HSBC deal

The House of Commons finance committee has asked Ottawa to reject the Royal Bank of Canada’s $13.5-billion acquisition of HSBC’s domestic unit, citing the lack of competition in the country’s financial …

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RBC’s takeover of HSBC Canada may raise banking fees for Canadians, MPs say – National

by Vera Ward
RBC’s takeover of HSBC Canada may raise banking fees for Canadians, MPs say – National

Descrease article font size Increase article font size The House of Commons finance committee has asked Ottawa to reject Royal Bank of Canada’s $13.5 billion acquisition of HSBC’s domestic unit, …

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HSBC uses blockchain to revamp outdated London gold market infrastructure

by Isaac Wright
HSBC uses blockchain to revamp outdated London gold market infrastructure

HSBC leverages blockchain technology to digitize gold assets, aiming to modernize the traditional London gold market. HSBC Holdings Plc has initiated a blockchain-based platform to digitize gold assets stored in …

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HSBC’s third-quarter pre-tax profit misses estimates on souring loans to China’s property sector

by Anas Siddiqui
HSBC’s third-quarter pre-tax profit misses estimates on souring loans to China’s property sector

HSBC, the biggest of Hong Kong’s three currency-issuing banks, missed third-quarter profit estimates by a wide margin because of higher bad debt provisions related to mainland China’s real estate sector. …

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Low-cost e-commerce rivals Shein and Temu shelve US court cases

by David Johnson
Low-cost e-commerce rivals Shein and Temu shelve US court cases

By Reuters Published Oct 29, 2023 Fierce rivals Shein and PDD Holdings-owned Temu have applied to end their legal fights with each other in the U.S., documents show, marking a …

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Luxury slowdown further challenges Gucci revival

by Lionel Rogers
Luxury slowdown further challenges Gucci revival

By Reuters API Published Oct 23, 2023 French luxury group Kering’s sales are likely to have slowed again in the third quarter as it seeks to reignite its star label …

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FinTech Week: heads of Standard Chartered, Citi, JPMorgan Hong Kong to join John Lee, regulators for largest-ever event

by Anas Siddiqui
FinTech Week: heads of Standard Chartered, Citi, JPMorgan Hong Kong to join John Lee, regulators for largest-ever event

Hong Kong’s five-day FinTech Week is set to attract more than 30,000 attendees, government officials, regulators and the heads of major banks to explore the future of the financial-services industry …

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Poilievre urges feds to block RBC’s $13.5B takeover of HSBC over competition concerns – National

by Vera Ward
Poilievre urges feds to block RBC’s .5B takeover of HSBC over competition concerns – National

Conservative Leader Pierre Poilievre is calling on the federal government to block the Royal Bank of Canada’s proposed $13.5-billion takeover of HSBC Canada, saying it will further decrease competition and …

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