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16 Apr Times China faces winding-up petition filed by Hang Seng Bank in a Hong Kong court

Posted at 06:19h in Asia

Hong Kong’s Hang Seng Bank has filed a winding-up petition against debt-laden developer Times China Holdings for financial obligations amounting US$266 million, sending share prices of the defaulted company plummeting.The winding-up petition was filed by Hang Seng Bank, HSBC’s subsidiary, in Hong Kong’s High Court....

21 Mar HSBC leaves prime lending and deposit rates unchanged as borrowers eye interest relief later this year

Posted at 04:21h in Asia

Hong Kong’s biggest lender HSBC announced it will keep its lending and deposit rates unchanged in line with the city’s monetary authority, meaning businesses and mortgage borrowers will have to wait until at least later this year for interest relief as the economy struggles to...

18 Mar EMPF Platform: Hong Kong to migrate smallest pension firms first, with giants like HSBC to bring up the rear by end-2025, regulator says

Posted at 10:40h in Asia

YF Life Trustees, the smallest of Hong Kong’s Mandatory Provident Fund (MPF) providers, will be the first to migrate to the soon-to-be-launched eMPF Platform, while HSBC, the largest provider, will be the last, according to a detailed timeline announced by the pensions regulator on Monday.The...

26 Feb Greater Bay Area: HSBC, Standard Chartered increase Wealth Management Connect products amid drive to promote cross-border investment

Posted at 07:59h in Asia

Launched in 2021, the mechanism allows residents of Hong Kong, Macau and nine cities in Guangdong province to invest directly in designated wealth management products across borders.New rules took effect on February 26 raising the individual investment quota from 1 million yuan (US$138,923) to 3...

16 Feb HSBC to improve ties with Hong Kong unit Hang Seng to mitigate risk, say sources

Posted at 10:19h in Asia

Exposure to the mainland property sector, which has lurched from one crisis to another since 2021, has pushed up Hang Seng’s bad-loan ratio in recent quarters.Customers at the HSBC headquarters in Hong Kong. Photo: Yik Yeung-manThe plan to share expertise and best practices by HSBC...

13 Feb Year of the Dragon: ZA Bank, Citigroup, HSBC, BOCHK lavish Hong Kong staff with fat lai see packets, other goodies

Posted at 06:30h in Asia

Many employees of Hong Kong’s biggest banks will be getting red envelopes stuffed with more money than last year as they return to work to begin the Year of the Dragon. Some will also enjoy hampers full of treats and lucky draws, while others will...

Hang Seng Bank Tag

16 Apr Times China faces winding-up petition filed by Hang Seng Bank in a Hong Kong court

21 Mar HSBC leaves prime lending and deposit rates unchanged as borrowers eye interest relief later this year

18 Mar EMPF Platform: Hong Kong to migrate smallest pension firms first, with giants like HSBC to bring up the rear by end-2025, regulator says

26 Feb Greater Bay Area: HSBC, Standard Chartered increase Wealth Management Connect products amid drive to promote cross-border investment

16 Feb HSBC to improve ties with Hong Kong unit Hang Seng to mitigate risk, say sources

13 Feb Year of the Dragon: ZA Bank, Citigroup, HSBC, BOCHK lavish Hong Kong staff with fat lai see packets, other goodies

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