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Investors should sit out 'Brexit' referendum

...  included HSBC Holdings (00005.HK), Standard Chartered Plc. (02888.HK), as well as billionaire Li Kai-shing’s CK Hutchison Holdings (00001.HK), Power Assets Holdings (00006.HK) and Cheung Kong Infrast ...More

EJ Insight2016-06-21

HSBC to pay US$1.6 bln to end Household class action

A unit of HSBC Holdings Plc said it will pay US$1.575 billion to end a 14-year-old shareholder class action lawsuit stemming from the Household International consumer finance business that the British ...More

EJ Insight2016-06-17

Hong Kong laundry blues hit erstwhile world’s local bank

... l bank -- HSBC -- will only provide a safe deposit box on condition that it has unlimited power to access the contents of this misnamed “safe” box, to determine in its own unfettered discretion whethe ...More

EJ Insight2016-06-14

HSBC chairman defends focus on Asia

HSBC Holdings chairman Douglas Flint says he does not understand why investors are critical of its Asia strategy after they recently questioned its focus on China. Flint told the Wall Street Journal i ...More

EJ Insight2016-06-13

HSBC eyes cuts in senior investment banking jobs to slash costs

HSBC Holdings Plc. is slashing senior positions in investment to reduce costs across the company. The cuts reflect a gradual trimming of jobs, said the person, who asked not to be identified because t ...More

EJ Insight2016-06-01

Fed, China fears force investors to check out of Asia

... data from HSBC showed. Indonesia's and South Korea's bond markets, heavy recipients of foreign investment until March, are now seeing chunks of inflows reverse while Asia's currencies have also fallen ...More

EJ Insight2016-05-31

China bets on duty-free paradise to keep luxury spenders at home

... at home," HSBC analyst Erwan Rambourg said in Hong Kong. In Hainan, which is closer to Hanoi than Beijing, duty-free shops offering products priced as much as 30 percent less than on the mainland have ...More

EJ Insight2016-05-30

China sells first offshore renminbi bond

... arkets at HSBC Holdings Plc., which managed the deal along with Bank of China. “It’s very important to list in the UK under English law on the London Stock Exchange to make it an internationally inves ...More

EJ Insight2016-05-27

Return of the RORO phenomenon

... truments. HSBC came up with a so-called RORO index in 2010 to monitor relative change among different asset classes and help gauge market risk appetite. The market is deemed to be in a risk-on mode wh ...More

EJ Insight2016-05-23

Banks explore blockchain tech to combat trade finance risks

... erica and HSBC Holdings are also looking at blockchain for trade finance and other banking applications, according to the report. Blockchain proponents argue that the technology will change the face o ...More

EJ Insight2016-05-23

HSBC to shut nearly half of its India retail branches

HSBC Holdings plans to close nearly half of its branches in India and focus more on digital banking to expand its consumer business in the country. The bank said in a statement Thursday that it will s ...More

EJ Insight2016-05-20

Elderly couple conned out of HK$100,000 by phone scammer

... outside a HSBC branch in Shau Kei Wan to pay the ransom. Ng and her 88-year-old husband went to the bank at about 2 pm Tuesday and withdrew cash for the ransom payment. After they were leaving the ban ...More

EJ Insight2016-05-18

How Indonesia escaped the worst of China's slowdown

...  Plc. and HSBC Holdings Plc. Indonesia’s foreign direct investment rose 3 percent last year in dollar terms to a record $29 billion. Only 3 percent of Indonesia’s total FDI was in mining last quarter, ...More

EJ Insight2016-05-12

Fake HK businessmen cheated students out of 1 mln yuan

... sage from HSBC saying 10,000 yuan had been successfully transferred to her bank account. Having received the message, Chen agreed to lend 3,000 yuan to the man. The man promised he would return her th ...More

EJ Insight2016-04-25

Bank stops Agnes Chow account from collecting donations

After being rejected by HSBC in an attempt to open a joint account to receive donations, the new political party Demosistō has hit another banking hurdle. Earlier this month, Joshua Wong Chi-fung, con ...More

EJ Insight2016-04-12

H-shares seen rebounding after 'over-correction'

... rategy at HSBC.  Downward adjustment by sell-side analysts with regard to profit forecasts on Chinese companies has come to an end, Sun said. The downward revisions have led to an over-correction in H ...More

EJ Insight2016-04-11

HSBC's Gulliver upbeat on China economy, reforms

HSBC Holdings Plc (00005.HK) chief executive Stuart Gulliver sought to allay fears about the Chinese economy, saying global markets have overreacted to the slowing growth. Gulliver said China's growth ...More

EJ Insight2016-04-08

HSBC analyst sees renminbi down 6% by year-end

The Chinese renminbi is likely to further weaken to 6.9 against the US dollar by the end of the year, an HSBC currency analyst said. Such an exchange rate represents a plunge of over 6 percent from th ...More

EJ Insight2016-04-06

What the Charles Ho-Joshua Wong war of words tells us

... used even HSBC of exercising "political censorship", alleging that the bank rejected a bid from Wong and another Scholarism founder to open a joint account to take care of the finances of a planned ne ...More

EJ Insight2016-04-05

Joshua Wong says HSBC rejected applications to open accounts

Student activist Joshua Wong, convenor of the now defunct student activist group Scholarism, said HSBC rejected his applications for opening a joint account with another member of the group as well as ...More

EJ Insight2016-04-05

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