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HSBC helped clients dodge millions in tax: BBC report

HSBC, Europe's largest bank, helped wealthy clients evade paying millions of pounds in tax, the BBC current affairs television program Panorama reported. Panorama said the findings were based on thous ...More

EJ Insight2015-02-09

China brings back floor for RMB to stem outflows

... tegist at HSBC in Hong Kong. The PBOC's strategy is clear from the way it sets its official midpoint rate, a fixed exchange rate set every morning from which the exchange rate can rise or fall in trad ...More

EJ Insight2015-02-04

Chinese growth: How much will it drop?

... uding the HSBC Producer Price Index, has dropped below 50 during the same period - an indication that industrial output has waned. Since the manufacturing sector takes up 44 percent of China's GDP, te ...More

EJ Insight2015-01-28

HSBC said to provide Hutchison US$9 bln loan for O2 deal

HSBC Holdings Plc (00005.HK) is providing Hutchison Whampoa Ltd. (00013.HK) with US$9 billion in loans to fund the latter's acquisition of British cellphone operator O2, the Wall Street Journal report ...More

EJ Insight2015-01-27

HSBC to issue HK$150 commemorative banknotes: report

[Online Application] HSBC plans to issue special HK$150 commemorative banknotes in early March to celebrate the banking giant's 150th anniversary, Apple Daily reported Monday, citing a source. The iss ...More

EJ Insight2015-01-26

Li acquisition spree good news for Asian banks

... rom Li by HSBC Holdings PLC (00005.HK), traditionally Li's go-to bank for financing deals. As Asia's richest man steps up the pace of his overseas M&A, bankers see even more deals. -- Contact us a ...More

EJ Insight2015-01-26

Hong Kong blue chips run by senior citizens

...  Flint of HSBC at 60, Canning Fok Kin-ning of Power Assets at 64, Rose Li Wai-man of Hang Seng Bank at 62, Raymond Kwok Ping-luen of Sun Hung Kai Properties at 62, Henry Cheng Kar-shing of New World D ...More

EJ Insight2015-01-23

HSBC, Hang Seng lead MPF providers in cutting fees

... agship of HSBC Holdings Plc (00005.HK), and its subsidiary Hang Seng Bank Ltd. (00011.HK) are reducing the fees for their 22 MPF funds under four different schemes. The new fees range from 0.79 to 1.7 ...More

EJ Insight2015-01-23

HSBC: Hongkongers struggling with retirement savings

Hong Kong people are planning to save a third of their annual income for retirement, a global survey by HSBC shows. The figure is the highest among 15 markets. Taiwanese plan to put away 30 percent of ...More

EJ Insight2015-01-20

China steps up fight against deflation

China's domestic consumption continues to face downward pressure despite government efforts to boost its role as an engine of economic growth, an HSBC economist said. Aggregate social financing, a gau ...More

EJ Insight2015-01-16

Asian exporters hit by European economic woes

... d, citing HSBC data. Since then, however, shipments to the region have slumped, to 5.3 percent in October. Exports to the United States were stronger at 9.7 percent for the same month. Shipments remai ...More

EJ Insight2015-01-16

HK property market may cool off in 2015

... search at HSBC Holdings (00005.HK), also sees pressure from potential rate hikes in the United States. Interest rates in Hong Kong tend to follow those in the US due to the local currency's peg to the ...More

EJ Insight2015-01-16

HK may gain as Shanghai bull market shows signs of tiring

... s such as HSBC Holdings PLC say the premium for mainland-listed stocks has grown too big and that the “value trade” is to buy Hong Kong shares, the report said. Last week, Bank of America Merrill Lyn ...More

EJ Insight2015-01-14

CY Leung reveals 'external forces' in Occupy Central

... hrough an HSBC branch in Kwung Tong. Leung, citing public information, also said that Jimmy Lai, former boss of Next Media Group, has made donations amounting to HK$57 million to pro-democracy politic ...More

EJ Insight2015-01-13

What lies behind Li Ka-shing's mega group restructuring?

... 1979 when HSBC chose to sell a 22 percent stake in Hutchison to Cheung Kong. Li has not turned back since, as Hutchison became a one-of-its-kind fast growing international firm and an Asian GE. Hutchi ...More

EJ Insight2015-01-12

HSBC Hong Kong chief Anita Fung quits amid revamp

Anita Fung Yuen-mei, HSBC Holdings Plc (00005.HK) chief executive for Hong Kong, has resigned for "personal development reasons" amid a management reorganization in the bank, the Hong Kong Economic Jo ...More

EJ Insight2015-01-09

Upgraded fake banknotes appear in Hong Kong

Counterfeit 2003 series HSBC HK$1,000 banknotes have re-emerged in Hong Kong, using upgraded technology that make them more similar to the real notes, Apple Daily reported Friday, citing police. Cheng ...More

EJ Insight2015-01-09

Kaisa may have defaulted on offshore bonds: WSJ

... loan from HSBC Holdings Plc. Credit rating agencies Standard & Poor’s and Moody’s Investors Service have downgraded the developer's debt from just below investment grade to ratings that reflect an ...More

EJ Insight2015-01-09

RMB bond market seen robust despite Kaisa default

Kaisa Group Holdings' (01638.HK) default on a loan from HSBC Holdings Plc (00005.HK) is unlikely to affect new issuances in the offshore renminbi bond market, according to a senior executive at UBS. D ...More

EJ Insight2015-01-08

China fast-tracks projects worth US$1 trn to spur growth

... mist with HSBC Holdings Plc (00005.HK), was quoted as saying. “Infrastructure investment will continue to be a major driver for China’s economic growth.” The projects will be funded by the central and ...More

EJ Insight2015-01-07

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