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Hong Kong transgender woman slams HSBC for outing her with letter to employer

Christine Chu says HSBC sent letter to employer over ‘discrepancies’ in its records, despite receiving copy of Chu’s updated identity card.

23 Nov 2024 - 6:03PM

Global CEOs see new hopes, old threats in Hong Kong vs Trump 2.0

24 Nov 2024 - 11:36AM

‘China plus one’ strategy to boost Asia’s growth amid Trump’s trade war

19 Nov 2024 - 5:00PM

Singapore sentences O.K. Lim to over 17 years in prison

The Hing Leong founder, also known as Lim Oon Kuin, was earlier convicted of two charges of cheating HSBC and one count of abetting forgery.

18 Nov 2024 - 5:59PM

Hin Leong founder Lim Oon Kuin, also known as O.K. Lim, pictured in 2013. Photo: Reuters

Hong Kong to issue HK$20 billion retail infrastructure bond

The bond, which have a tenor of three years, will provide assured returns of 3.5 per cent to be paid every six months.

18 Nov 2024 - 2:54PM

HSBC’s 4.5 billion yuan panda bond to boost globalisation of Chinese currency

The bond, which pays an annual coupon of 2.15 per cent, also reinforces Hong Kong’s role as the world’s offshore yuan centre, bank says.

13 Nov 2024 - 10:07AM

HSBC job losses to begin in weeks amid lender’s sweeping overhaul

The head of HSBC Holdings’ new global wholesale banking unit said the lender aims to wrap up its restructuring ‘very quickly’.

8 Nov 2024 - 2:22PM

People pass an HSBC branch in Mong Kok on October 22, 2024. Photo: Nora Tam

HSBC, 5 other Hong Kong banks cut interest rates to lowest in 2 years

Cuts could lighten monthly mortgage burden by HK$709 for a typical HK$5 million, 30-year loan, a broker says.

8 Nov 2024 - 4:45PM

Hong Kong’s base interest rate drops to 5% in second cut

Together with the half-percentage-point cut in September, Hong Kong’s key rate has now fallen back to February 2023’s level.

8 Nov 2024 - 11:06AM

Editorial | The history of British firms still matters

Xia Baolong, a top Beijing official, has met with the heads of major UK firms who have helped shape Hong Kong over a century or more.

4 Nov 2024 - 5:30AM

Xia Baolong, director of the Hong Kong and Macau Affairs Office, meets with Jardine Matheson’s executive chairman Benjamin Keswick and the group’s delegation in Beijing on Monday, Oct. 28, 2024. Photo: HKMAO

Now is a good time to buy a cheap plane ticket in China, HSBC tells travellers

Carriers adding more routes and economic uncertainty on the mainland will put pressure on airlines to cut prices, HSBC says.

1 Nov 2024 - 4:00PM

Travellers waited to board a plane at an airport in Chengdu, China. Photo: Reuters

Chinese market regulator grants HSBC domestic fund custody licence

Lender joins four other foreign banks with right to provide custody services to onshore funds domiciled in mainland China.

1 Nov 2024 - 2:59PM

What do Beijing official’s Jardine Matheson, HSBC meetings mean for Hong Kong?

Experts weigh in on back-to-back meetings with major British companies and the ‘clear message’ being sent to the US.

13 Nov 2024 - 5:56PMvideocam

Standard Chartered to focus on wealth business, sell units after upbeat earnings

Net profit for the June to September period handily beat analysts’ estimates of US$886 million.

30 Oct 2024 - 3:42PM

London-based Standard Chartered generates much of its earnings in Asia. Photo: Reuters

Editorial | Shareholders will gain as HSBC begins major restructuring

Banking giant’s third-quarter profits beat expectations, and CEO Georges Elhedery’s plan to streamline operations is music to the ears of investors.

30 Oct 2024 - 5:06AM

HSBC’s restructuring bodes well for the bank’s investors. Photo: Shutterstock

HSBC results beat forecasts; bank dismisses rumours about unit spin-offs

Net profit rose 9 per cent to US$6.13 billion in the quarter that ended on September 30, exceeding market forecasts.

29 Oct 2024 - 6:07PM

Hong Kong unveils rules for ‘responsible’ AI use at FinTech Week

Any institution that wants to use AI ‘must formulate a governance strategy to provide direction on how [the] systems should be implemented,’ the government says.

29 Oct 2024 - 10:06AM

Hey big spender! Hong Kong transacts 3 luxury homes in a week

Two big deals recorded in Mid-Levels, another one on the books in Happy Valley.

25 Oct 2024 - 7:00PM

Grenville House in Mid-Levels. Photo: Winson Wong

HSBC creates room for bigger cost cuts, Asia focus amid revamp

Colin Bell, who oversees Europe, and Stephen Moss, who leads the Middle East and North Africa region, will depart on December 31.

23 Oct 2024 - 8:24PMvideocam

HSBC to rejig into 4 business units, calls Hong Kong ‘strategic priority’

Bank says HSBC and Hang Seng will ‘remain very separate in the way they compete’ for business in the city.

22 Oct 2024 - 8:27PM

Alibaba start-up competition: Hong Kong officials tout city as ideal launch pad

Speakers at the Jumpstarter Ignition Gala highlighted the city’s advantageous position between mainland China and the larger Asia-Pacific market.

21 Oct 2024 - 8:00PM

Secretary for Commerce and Economic Development Algernon Yau Ying-wah speaks at the Jumpstarter Ignition Gala on October 21, 2024. Photo: Matt Haldane

Exclusive | Hong Kong to turn bankers’ summit into calendar ‘anchor’ on popular demand

The summit is pivoting from the publicity objective of its 2022 inaugural edition to making Hong Kong the venue to discuss issues that affect global banking.

22 Oct 2024 - 9:49AMvideocam

Chief Executive of Hong Kong SAR John Lee Ka-chiu (right) and Financial Secretary Paul Chan Mo-po during the second Global Financial Leaders’ Investment Summit at the Four Seasons Hotel in Central on 7 November 2023. Photo: May Tse.

Beijing urges HSBC to keep backing mainland, Hong Kong’s development push

Xia Baolong, Beijing’s point man on Hong Kong affairs, issues call in meeting with HSBC group chairman Mark Tucker.

19 Oct 2024 - 8:02PM

Hong Kong banks pledge US$47 billion in loans for struggling SMEs

SMEs will be able to access necessary financing to cope with the city’s evolving business environment, HKMA deputy CEO Arthur Yuen says.

18 Oct 2024 - 4:36PM

Private credit fundraising surges in Asia, with Hong Kong leading the charge

Lending from third-party sources is popular in many markets, and now the trend is coming to the region, with Hong Kong leading the charge – HSBC and Baker McKenzie weigh in.

17 Oct 2024 - 1:06PM

Experts say there is plenty of scope for growth in private credit fundraising in Asia-Pacific, with the market surging in recent years and Hong Kong leading the charge. Photo: Shutterstock

Fewer Hong Kong seniors buy Silver Bonds in latest US$6.4 billion sale

Investors bid to buy 1.4 times more bonds than the government offers, but application numbers and total bid amount decline from last year.

14 Oct 2024 - 8:58PM

People exercise in Victoria Park in Causeway Bay on October 20, 2022. Photo: Sam Tsang

Hong Kong’s financial regulator introduces a responsibility plan as scams surge

About HK$4.5 billion in losses have been incurred from scam and fraud cases in the city in the first six months of 2024.

9 Oct 2024 - 12:52PM

HSBC sees 6 US rate cuts until June in boon for Hong Kong’s economy

Lower rates will benefit the city’s economic recovery, but there has been no immediate increase in demand for loans, HSBC Hong Kong CEO Luanne Lim says.

7 Oct 2024 - 8:00AM

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HSBC

HSBC is one of the world's largest banking and financial services organisations, serving around 39 million customers across its wealth and personal banking, commercial banking and global banking & markets segments. The bank was established in Hong Kong in 1865 and now operates in 62 countries. In 1993, the lender moved its headquarters to London following its acquisition of Midland Bank in the UK.

CFO / Finance Director

Stuart Gulliver (Group Chief Executive)

Industry

Banking, Financial services

Website

hsbc.com

Headquarters address

8 Canada Square, Canary Wharf, London, United Kingdom

Stock Code

LSE:HSBA
SEHK:0005
NYSE:HSBC (ADR)

Year founded

3 March 1865

last updated:

30 September, 2024