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Shanghai FTZ rules to buoy demand for offshore RMB loans

... renminbi, HSBC said in a research note. The likely launch of cross-border renminbi transactions in the zone should point to greater demand for borrowing renminbi offshore and therefore add to the upwa ...More

EJ Insight2014-05-27

Credit Suisse case offers map for US action on other Swiss banks

... s unit of HSBC Holdings are among those seeking to avoid pleading guilty to helping Americans cheat the Internal Revenue Service (IRS).  The guilty plea by Credit Suisse last week marked a watershed i ...More

EJ Insight2014-05-26

HSBC sees more impairment charges, levies on banks

HSBC Holdings Plc. (00005.HK) expects more surprises in the banking sector in the next few years, the Hong Kong Economic Journal reported Tuesday, citing chairman Douglas Flint.  Flint was responding ...More

EJ Insight2014-05-20

Weaker data raises need for policy support

HSBC April fixed-asset investment (FAI) and industrial production (IP) data came in slightly lower than consensus forecasts and were down from March readings as well. Weaker property investment was th ...More

EJ Insight2014-05-14

China GDP: Safe food, water, clean air more important than ever

... Shell and HSBC Holdings, which were among the top 10 last year, have been edged out. Xinhua, the official Chinese news agency, reported the news without comment under the headline “China has world’s 3 ...More

EJ Insight2014-05-13

StanChart sees market sentiment remaining weak

... t levels. HSBC Holdings Plc (00005.HK), another Hong Kong-listed British bank that focuses on emerging markets, said on Wednesday that its profit fell 20 percent in the first quarter from a year earli ...More

EJ Insight2014-05-08

How could you do this to us, HSBC?

HSBC Holdings Plc (00005.HK) has decided to incorporate the results for Hong Kong into its overall Asia balance sheet. While the move may enhance the bank's operations from an accounting point of view ...More

EJ Insight2014-05-08

HSBC upbeat on Asia but expects 'little bit of crash' in Brazil

HSBC Holdings Plc (00005.HK), Europe's biggest bank, said Wednesday it is bullish on revenue from its Asian market this year, while the other regions are expected to remain stable. However, the global ...More

EJ Insight2014-05-07

Traditional fund managers seen under threat in new internet era

... s such as HSBC Holdings plc (00005.HK) and Tencent Holdings Ltd. (00700.HK), he said. Cheung also said investors cannot get the latest news about their portfolios, given the current practice of fund m ...More

EJ Insight2014-04-17

ICBC Asia plans to offer higher rates to lure yuan deposits

... mes after HSBC Holdings Plc. (00005.HK) offered record-high yields of as much as 3.8 percent interest per annum for yuan time deposits with a minimum amount of 10,000 yuan (US$6212.36), the British ba ...More

EJ Insight2014-04-09

HSBC joins price war for renminbi time deposits, paper says

HSBC Holdings Plc. (00005.HK) has jumped into the renminbi fray, offering record-high yields of as much as 3.8 percent interest per annum for yuan time deposits, Apple Daily reported on Tuesday, citin ...More

EJ Insight2014-04-08

HSBC chief plays down China default danger, FT says

Stuart Gulliver, group chief executive of HSBC Holdings Plc (00005.HK), downplayed the threat posed by China’s shadow banking sector, saying any possible default “would have the benefit of imposing di ...More

EJ Insight2014-03-28

HK still a testing ground for China reform, HK official says

... nes of an HSBC Holdings plc (00005.HK) forum on the renminbi. Chan made the comments in response to China CITIC Group's plans to inject capital into CITIC Pacific Ltd. (00267.HK) ahead of a Hong Kong ...More

EJ Insight2014-03-27

RMB fully convertible by 2017, HSBC says

HSBC Holdings Plc. (00005.HK) said the renminbi could be fully convertible in the next two to three years, ahead of market expectation. "No one doubts that the renminbi will be fully convertible. It i ...More

EJ Insight2014-03-27

Hong Kong probe finds UBS tried to rig rates, WSJ says

...  scope to HSBC Holdings, Bank of Tokyo Mitsubishi, Citibank, Crédit Agricole, Deutsche Bank, Royal Bank of Scotland and Société Générale S.A. The HKMA found evidence of misconduct in the submission of ...More

EJ Insight2014-03-17

The power of internet finance

... that with HSBC Holdings Plc. (00005.HK), which despite shedding 40,000 staff in the past three years and the closure or disposal of over 60 non-core operations, still had to spend 59.6 cents to achiev ...More

EJ Insight2014-03-10

The Big Picture: QIANHAI TECH INCUBATION

... s include HSBC Plc (00005.HK), Hang Seng Bank (00011.HK), Tencent Holdings (00700.HK) and Indonesia's Lippo Group.   In December, Tencent said it plans to invest at least 10 billion yuan to develop e- ...More

EJ Insight2014-03-10

HKEJ Today: Highlights

... gn banks. HSBC eyes double-digit loan growth in Hong Kong, mainland HSBC Holdings Plc. (00005.HK) is eyeing double-digit growth in lending in the mainland and Hong Kong this year, said general manager ...More

EJ Insight2014-03-10

HKEJ Today: Highlights

... cal year. HSBC may need to make provisions on BoCom investment Interview: HSBC Holdings Plc. (00005.HK) is assessing potential provisions for losses in the carrying value of shares it holds in Bank of ...More

EJ Insight2014-03-06

HSI takes cue from falling mainland markets

... ces, with HSBC (00005.HK) losing 2.7 percent after announcing a disappointing report card. However, funds piled into Macau gaming plays. Sands China (01928.HK) climbed 4.5 percent and Galaxy Entertain ...More

EJ Insight2014-02-25

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