China’s Ping An Insurance Group, the biggest Asian investor in HSBC, did not support reappointing HSBC CEO Noel Quinn as a director to the bank’s board at its shareholder meeting, …
The HKMA follows the Fed’s rate decision in lockstep since 1983 by design under its linked exchange rate system to preserve the local currency’s peg to the US dollar. The …
Hong Kong stocks rose on Thursday driven by gains in the banking sector and in insurance companies after the US Federal Reserve signalled it would wait longer before cutting interest …
“The launch of the eMPF Platform signifies the dawn of a new digital era for the MPF,” said Ayesha Macpherson Lau, chairwoman of the Mandatory Provident Fund Schemes Authority (MPFA) …
Standard Chartered surpassed first-quarter profit expectations, attributing the gain to strong business activity, its wealth solutions business and growth of affluent client base. Net profit rose 5 per cent to …
Hong Kong’s biggest lender HSBC will keep its key lending and deposit rates unchanged, meaning local businesses and mortgage borrowers will have a longer wait for the cost of borrowing …
HSBC, the largest bank in Hong Kong and Europe, is seeing more business from ultra-rich clients who are eager to borrow against their “illiquid or concentrated” assets amid interest-rate uncertainty. …
International school visits, property outlook seminars, lucky draws and wine tastings are just some of the freebies that major Hong Kong banks have in store for mainland Chinese customers visiting …
HSBC, the biggest of Hong Kong’s three currency-issuing banks, surpassed first-quarter profit estimates thanks to a one-off gain from the sale of its Canadian business. Net profit slipped 1 per …
Locally, demand for AI tools is also likely to expand. Nearly three-quarters of Hong Kong’s businesses feel they are ready to incorporate new technologies including AI by the end of …