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Collectors spark rush on HSBC commemorative banknotes

[Online application] Collectors have been snapping up HSBC's HK$150 commemorative banknotes, hoping they will be worth a lot more in the future. Queues of mostly older people not used to online bankin ...More

EJ Insight2015-03-06

HSBC starts taking subscriptions for HK$150 banknotes

[Online application] Starting today, HSBC is taking subscriptions for its HK$150 commemorative banknotes, which are expected to spur a wave of speculations, especially from mainland buyers. The bankno ...More

EJ Insight2015-03-05

Female board members in HK still lag global counterparts

... sibility. HSBC Holdings (00005.HK) is the company that has the highest representation of women on its board in Hong Kong. The number has increased to six this year from four, out of a total of 17 dire ...More

EJ Insight2015-03-03

Foreign banks brace for Fed stress tests

... lders. At HSBC Holdings Plc., whose US unit failed the Fed tests in 2014, global regulatory and compliance costs increased by US$774 million last year to US$2.4 billion, including investments needed t ...More

EJ Insight2015-03-03

HSBC China PMI rises but export orders remain a concern

... nsored by HSBC. The final HSBC/Markit Purchasing Managers' Index (PMI) for February stood at 50.7, up from 49.7 in January and compared with a preliminary reading of 50.1, as overall new orders picked ...More

EJ Insight2015-03-02

HSBC chief sued over failure to pay Mid-Levels penthouse rates

HSBC chief executive Stuart Gulliver, who was recently accused of keeping millions of pounds in a Swiss bank account, was sued by the Hong Kong government last year for failing to pay rates for his Mi ...More

EJ Insight2015-03-02

The China slowdown and its implications

... vestment. HSBC Producer Price Purchasing Mangers’ Index, which hit an all-time high of above 60 in 2009, broke 50 in 2010 and has since failed to show any sustained recovery. The index stood below 50 ...More

EJ Insight2015-02-25

Investors must sprint like antelopes in Year of the Goat

... esults of HSBC Holdings Plc (00005.HK). The London-based bank reported Monday a 17 percent decline in pre-tax profit for 2014 to US$18.68 billion, lagging market expectations, due to higher costs and ...More

EJ Insight2015-02-24

US probes 10 banks on possible precious-metal price rigging: WSJ

... utiny are HSBC Holdings Plc (00005.HK), Bank of Nova Scotia, Barclays Plc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc., JPMorgan Chase & Co., Societe Generale, Standard Bank ...More

EJ Insight2015-02-24

HSBC chief kept millions in Swiss account

HSBC chief executive Stuart Gulliver apparently eats his own cooking. Gulliver, who has vowed to reform the scandal-hit bank, kept millions of US dollars in a Swiss account, the Guardian reported. It ...More

EJ Insight2015-02-23

Happy anniversary to HSBC, HKT, Haeco and CCB

Get a HK$150 note from HSBC. Find a time to visit the Clock Tower in Tsim Sha Tsui and, if possible, Singapore. Watch out for good news from China Construction Bank and The Link REIT, because there a ...More

EJ Insight2015-02-20

Kaisa reveals deeper debt hole

... per said. HSBC analyst Keith Chan wrote in a note that he was “negatively surprised by the ballooned interest-bearing debt obligations” and attributed the big increase in the company's debt to borrowi ...More

EJ Insight2015-02-17

China stocks remain key theme in Asia this year: HSBC

Mainland China equities will be one of the key investment themes in Asia this year amid uncertainties surrounding the global economy, a strategist at HSBC said. Beijing's reforms will bring about inve ...More

EJ Insight2015-02-16

HSBC apologizes for lax standards at Swiss private bank

HSBC issued a public apology on Sunday for past practices at its Swiss private bank after allegations that it helped hundreds of clients to dodge taxes. The banking giant took out full-page advertisem ...More

EJ Insight2015-02-16

Unified market will take Greater China region to next level

... es of the HSBC Holdings have been traded in this way in London, Hong Kong and New York for a long time. It is also important that a regional register of shareholders is set up, so that shareholdings a ...More

EJ Insight2015-02-13

HSBC may face US$2 billion fine, CITIC CLSA says

HSBC Holdings Plc (00005.HK) could face a fine of up to US$2 billion for allegedly assisting clients of its Swiss private banking arm to evade taxes and hide their assets, CITIC CLSA said. The brokera ...More

EJ Insight2015-02-11

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

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