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HSBC

Yuan deposits in Hong Kong exceeded 1 trillion yuan for six months in a row up to September, according to HKMA. Photo: EPA-EFE

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

8 Nov 2024 - 2:22PM

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

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

View of Hong Kong from the Hong Kong Monetary Authority (HKMA) headquarters at IFC in Central district on October 9, 2024. Photo: May Tse

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

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

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

The HSBC building in Central, Hong Kong, pictured on October 31, 2024. Photo: Jelly Tse

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

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

Pedestrians walk past at HSBC Tsim Sha Tsui Branch in Tsim Sha Tsui. Photo: Jelly Tse

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

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

Pedestrians passed an HSBC branch in Central. Photo: Yik Yeung-man

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

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

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

HSBC Building in Central. Beijing also used the meeting to voice its support for the “one country, two systems” governing principle. Photo: Eugene Lee

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

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

People pass through Hong Kong’s financial district. Photo: Dickson Lee

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

Hong Kong banks lure mainland clients with special incentives during golden week

Hong Kong banks are pulling out all the stops to attract mainland tourists, offering everything from fireworks dinners to golf with famous players.

2 Oct 2024 - 9:30AM

Hong Kong’s latest Silver Bond sale starts strong

As interest rates have begun to fall, the guaranteed 4 per cent yield of the US$6.4 billion in bonds looks better by comparison.

30 Sep 2024 - 7:30PM

Elderly residents rest in a park in Cheung Sha Wan, Hong Kong on August 16, 2023. Photo: Jelly Tse

US$3.6 billion payout to HSBC, liquidators ends OK Lim civil cases in Singapore

Lim’s legal troubles aren’t over. He is due to be sentenced at a later date in a separate criminal trial for cheating and forgery offences.

30 Sep 2024 - 1:01PM

Lim Oon Kuin, popularly known as O.K. Lim, speaks during an interview in 2013. Photo: Reuters

Hong Kong’s biggest bank earmarks loans to help small borrowers

Initiative aims to ease access to capital for entrepreneurs who are looking to invest at the beginning of a rate-cut cycle.

25 Sep 2024 - 5:16PM

Why are rate cuts bad news for Hongkongers and their retirement portfolios?

Lower interest rates will make it harder for Hongkongers to build an ideal retirement portfolio of more than US$2.6 million, analysts say.

23 Sep 2024 - 6:53PM

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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