HSBC Holdings, the biggest commercial bank in Hong Kong, has completed a third round of buy-back to defend the stock amid a broader market sell-off, taking the cumulative purchases to US$7 billion since May 2023 as the lender prepares to report a jump in 2023...
“HSBC has been actively participating in Qianhai’s financial pilot schemes since the beginning, and we were one of the first banks to participate in yuan cross-border lending and the Wealth Management Connect scheme,” Chan told the Post. The scheme, tailor-made for the bay area, allows...
Developments like these have enticed high-net-worth individuals from the mainland to use Hong Kong as a base to manage their investments and diversify their portfolio.“I am very impressed by the thoughtful and excellent quality of service provided by financial advisers in Hong Kong,” said a...
Hong Kong stocks rose after reports showed some fund managers have turned upbeat on China’s biggest technology companies as valuations cheapened. Xpeng, JD Logistics and Swire Properties jumped on speculation they will join the benchmark index from next month.The Hang Seng Index advanced for...
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...
“This is because the dragon is the most popular zodiac animal of them all. Everybody likes dragons, so the companies want to deliver dragon-designed lai see packets to their customers.”It is Chinese tradition for married couples to hand out lai see, or blessing money,...
Hong Kong banks, both virtual and bricks-and-mortar, are going all out to promote e-lai see, as sending and receiving lucky money electronically is fast rivalling the traditional practice of handing out red envelopes with cash.Online-only lenders such as Mox Bank and WeLab Bank and...
“After many years of sustainable finance development, globally we see that the majority of the sizeable transactions are happening in the Organisation for Economic Co-operation and Development countries (OECD) and China,” Ma told the Post.“The rest of the emerging markets are lagging behind in terms...
Fireworks dinners, lucky draws, high deposit rates, air tickets and donations to charities are among the major incentives Hong Kong banks are dangling to attract wealthy customers and depositors ahead of the Lunar New Year.HSBC, Bank of China (Hong Kong) (BOCHK), Standard Chartered, Bank of...
The number of property transactions in Hong Kong surged 17 per cent in January to 4,399 deals from a month ago, with total sales rising 12.5 per cent to HK$37.79 billion (US$4.83 billion), according to data compiled by Centaline Property Agency.The surge comes amid...