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China central bank sees weaker economy ahead

... omics for HSBC Asia Pacific, said China is facing mounting pressure from a sliding economy, potentially leading to another interest rate cut of 25 basis points (0.25 percentage point).  Translation by ...More

EJ Insight2015-06-11

HSBC spares Hong Kong jobs in sweeping revamp

HSBC Holdings Plc. (00005.HK) has no plans to cut any more jobs in Hong Kong. It will maintain its Hong Kong headcount in line with its expansion plans in the Pearl River delta, the Hong Kong Economic ...More

EJ Insight2015-06-10

HSBC anniversary banknote tanks on spot market

So much for the hype and the heat over the HSBC anniversary banknote. Subscribers waited up to three hours in 32-degree weather outside two main collection centers Tuesday to get their allocation. But ...More

EJ Insight2015-06-10

What you could do with your HSBC anniversary note

It's decision time for HSBC, and more importantly, for holders of its HK$150 commemorative note. HSBC has just announced a new round of job cuts -- 50,000 worldwide -- while many subscribers contempla ...More

EJ Insight2015-06-09

HSBC to axe 50,000 jobs, slash investment bank

HSBC said Tuesday it will shed nearly 50,000 jobs, slash its investment bank and shrink its risk-weighted assets by US$290 billion in an effort to improve its sluggish performance, Reuters reported. T ...More

EJ Insight2015-06-09

HK banks may need new capital for China loans, local mortgages

... x months, HSBC's (00005.HK) share price fell 4 percent while Standard Chartered's (02888.HK) rose 7 percent. Both lenders, with sizable operations in Hong Kong, underperformed the 18 percent rise of t ...More

EJ Insight2015-06-05

SFC confirms investigation into Hanergy

... Ltd., and HSBC Holdings Plc. (00005.HK). SFC's has a strict disclosure policy regarding investigations. Consent from at least two executive directors is required for any ongoing probe to be made publi ...More

EJ Insight2015-05-29

Four more Swiss banks reach deals in US tax probe

...  Baer and HSBC's Swiss private bank, were excluded from the program. -- Contact us at [email protected] RC ...More

EJ Insight2015-05-29

Ex-TV anchor says police didn't accept complaint on online scam

... unt to an HSBC bank account. Wong told Ming Pao that it is the third time this year that fraudsters stole his photos and used them to befriend people online. Apart from the Taiwanese woman, two Chines ...More

EJ Insight2015-05-28

HSBC to charge for holding deposits

HSBC Plc. will start charging clients for deposits in a basket of European currencies. The lender has told other banks about its plan to charge them for deposits in euros, Swiss francs, Danish krone a ...More

EJ Insight2015-05-20

Why internet stocks will be king -- if they're not already

...  Tencent, HSBC, Hong Kong Exchanges & Clearing (00388.HK), Ping An Insurance Group Co. of China (02318.HK) and China Mobile (00941.HK) in the present market correction. Temporary blip The US dolla ...More

EJ Insight2015-05-15

Hidden risks for investors in Asia

... anks like HSBC and Standard Chartered and asset management funds are Indian. India's equity market has been sluggish recently as foreign investors are wary of the pending tax issue. Indian Prime Minis ...More

EJ Insight2015-05-14

Implications of the British election for HK investors

... including HSBC chief executive Stuart Gulliver, who is domiciled for tax purposes in Hong Kong, and Baroness Lydia Dunn, one of Hong Kong’s most prominent political figures before the handover, who ga ...More

EJ Insight2015-05-07

JPMorgan probed over role in French tax evasion case

... of leaked HSBC client data that had been handed to the Paris authorities in 2008. French magistrates last month ordered HSBC to post bail of 1 billion euros (US$1.13 billion) to cover potential fines ...More

EJ Insight2015-05-07

Good afternoon, HSBC! Hello, CK Property (1113)!

In his heart, he might not want to move, but his mouth may have betrayed him. As HSBC Holdings plc (00005.HK) ponders a plan to move its headquarters from London in what is understood to be a quest fo ...More

EJ Insight2015-05-06

HSBC first-quarter pretax profit up 4%, beating forecasts

HSBC Holdings (00005.HK) reported a 4 percent jump in pretax profit for the first quarter of 2015, beating market expectations, on the back of improved investment banking operations. Europe's largest ...More

EJ Insight2015-05-06

Gosh... most retirees can't really retire and here's why

In Hong Kong, retirement doesn't mean, well, retirement. Research by HSBC shows about 61 percent of retirees have to support their family members financially. The bank interviewed 1,000 residents incl ...More

EJ Insight2015-04-30

PSL or QE? Whatever you call it, the endgame is the same

... an bet on HSBC China Dragon Fund (00820.HK) or Value Partners Group (00806.HK) to gain exposure to the mainland market. Mainland banking plays and insurance counters are also attractive. This article ...More

EJ Insight2015-04-29

Sands China first-quarter financials disappoint

...  percent. HSBC Securities Services, meanwhile, downgraded the casino operator to "sell" from "hold". Sheldon Adelson, chairman and chief executive of Las Vegas Sands, said the outlook for the Macau ga ...More

EJ Insight2015-04-24

HSBC April China 'flash' PMI falls to one-year low

... measures. HSBC's preliminary China purchasing managers' index (PMI) for April came in at 49.2, compared to the March final reading of 49.6 and falling short of expectations. Economists polled by Reute ...More

EJ Insight2015-04-23

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