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Mak Kin, HSBC’s 'unsung hero', dies at 80

Mak Kin, the owner of a newspaper stall in front of the HSBC headquarters in Central, has died at the age of 80. Senior management of the bank attended her funeral service and floral offerings from bo ...More

EJ Insight2016-03-08

How to fight money laundering

... 8.HK) and HSBC Holdings plc (00005.HK) paid huge fines in the United States in 2012 for money laundering. These cases usually involve money laundering by criminals and terrorists. International cooper ...More

EJ Insight2016-03-07

Chinese banks pose policy risk to investors, says Aberdeen

... isitions. HSBC Holdings Plc. (00005.HK) is trading at 0.6 price-to-book multiples, with a dividend ratio of 8 percent and strong profitability. Dah Sing Banking Group Ltd. (02356.HK) and other small a ...More

EJ Insight2016-03-07

Why HSBC's Asia expansion plan faces major hurdles

HSBC may face the triple hurdles of commodity loan risk, continued China slowdown and rising operating costs in Asia this year. These cloud its prospects in the region despite its expansion plan, wit ...More

EJ Insight2016-03-04

Brexit could trigger crisis for the pound: BlackRock

... port from HSBC Holdings plc (00005.HK) this week said a 15-20 percent drop in the pound would be the most likely outcome of Brexit. -- Contact us at [email protected] FL ...More

EJ Insight2016-03-02

US probing Barclays hiring practices in Asia

... ast week, HSBC Holdings plc (00005.HK) said it had received requests from the SEC for information on its practices relating to job candidates with ties to Asian government officials. Investigations in ...More

EJ Insight2016-03-02

This is where investors in bank stocks should put their faith

... eanwhile, HSBC said its loan impairment loss increased to US$1.6 billion in fourth last year from US$1 billion in the third quarter on energy loans in North America. That means the bank's receivables ...More

EJ Insight2016-02-26

War relic hunter recovers five hand grenades at the Peak

... e home of HSBC Hong Kong chief executive Peter Wong Tung-shun on Middle Gap Road with the help of a metal detector, the Hong Kong Economic Journal reported. Bomb disposal officers examined the explosi ...More

EJ Insight2016-02-17

HSBC decides to keep headquarters in Britain

HSBC Holdings (0005.HK) announced Sunday that it has decided to keep its headquarters in Britain, following a review into a potential move that could have shifted the group's base to Hong Kong. The ba ...More

EJ Insight2016-02-15

How to plan for your retirement

Retiring early to enjoy life with financial freedom is the goal for many people in Hong Kong. In a recent survey by HSBC, nearly 60 percent of respondents aged over 45 hoped to retire within five yea ...More

EJ Insight2016-02-12

Che Kung: Blessing or curse?

... ess what? HSBC was trading around HK$50 before the stock collapsed to HK$28. In politics, it might not be too bad. In 2008, we had a strong government team with Leung Chun-ying as Executive Council co ...More

EJ Insight2016-02-11

US$43 bln ChemChina-Syngenta deal may draw US security concerns

... dvised by HSBC and China CITIC Bank International. They could share spoils of between US$65 to US$95 million in fees, according to the estimates. On the other side of the table, Syngenta was advised b ...More

EJ Insight2016-02-04

HSBC to keep hiring in Pearl River Delta region: Peter Wong

HSBC Holdings (00005.HK) will continue recruiting in the Pearl River Delta (PRD) region despite the group's decision to freeze the overall headcount and salary expenditure, a senior executive said. Pe ...More

EJ Insight2016-02-02

HSBC to freeze salaries, hiring; board mulls move to HK

Europe's largest lender, HSBC Holdings plc (00005.HK), is imposing a global freeze on hiring and pay this year, Reuters reported, citing two unnamed sources. Meanwhile, HSBC's board met last week to c ...More

EJ Insight2016-02-01

Man arrested in connection with HK$1.6 mln ATM theft

A 30-year-old man has been arrested in connection with the theft of about HK$1.6 million from an HSBC automated teller machine (ATM) in Yau Tong, Apple Daily reported. The suspect, who bears the surna ...More

EJ Insight2016-01-29

HSBC curbs US property loans to Chinese citizens

HSBC Holdings Plc (00005.HK) will no longer provide mortgages to some Chinese nationals who buy real estate in the United States. The policy change came amid Beijing's efforts to stem the outflow of c ...More

EJ Insight2016-01-29

Easing rural-urban wealth gap key to China growth: HSBC

A senior adviser to HSBC Holdings Plc (00005.HK) has called for an end to China's household registration system, saying it restricts worker mobility that can help fuel the economy by boosting incomes ...More

EJ Insight2016-01-27

RMB expected to remain choppy for 3-4 months

It could take three to four months for the renminbi to stabilize on the foreign exchange markets and for investors to regain confidence in the currency, according to an executive with HSBC. The exchan ...More

EJ Insight2016-01-25

Hong Kong facing more economic challenges: HKTDC chief

... tructure. HSBC Holdings (00005.HK) chief executive Stuart Gulliver told the forum that the slide in oil prices has undermined confidence in the global economy and that markets are fretting about defla ...More

EJ Insight2016-01-19

HK dollar under pressure: Here are some alternatives

...  metrics. HSBC Holdings Plc (00005.HK) chief executive Stuart Gulliver and his counterpart at the Bank of East Asia Ltd., David Li, said in August 2011 that any change to Hong Kong’s exchange-rate sys ...More

EJ Insight2016-01-18

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