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HK dollar seen losing global clout as renminbi rises

The Hong Kong dollar’s global impact may diminish amid the growing use of the renminbi in global payments, according to HSBC's Asia-Pacific chief executive Peter Wong Tung-shun. “The community should ...More

EJ Insight2014-10-31

Nicholas Tse: eye on back-door listing?

... s include HSBC Holdings (00005.HK), Standard Chartered (02888.HK), Canon Inc, Sony Corp, Coca-Cola and Mercedes-Benz. An example of artists tapping back-door listings for their companies is Stephen Ch ...More

EJ Insight2014-10-30

Young and rich: Pony Ma turns 43

... a Mobile, HSBC and China Construction Bank. With a 10 per cent stake in Tencent, Pony Ma is ranked No. 3 in China by Forbes with a US$14.4 billion fortune, behind 50-year-old Jack Ma (US$19.5 billion) ...More

EJ Insight2014-10-29

More clashes at Occupy protest site in Mong Kok

... branch of HSBC tries to light up a glass bottle containing flammable thinner to burn goods put in place by the occupiers. He was brought under control by pro-democracy activists before he could succee ...More

EJ Insight2014-10-23

Eldon blasts ‘clueless’ student protesters

Former HSBC chairman David Eldon said student protesters lack maturity and understanding of the world they will live in once they graduate. “I am sure that students, at age 17, 18, 19 will believe tha ...More

EJ Insight2014-10-13

Global stocks fall, bonds rise on Hong Kong unrest

... including HSBC and luxury goods group Richemont. HSBC closed down 2.3 percent and Richemont fell 1.7 percent. Emerging markets took a hit. MSCI's emerging markets index fell 1.45 percent, with Brazili ...More

EJ Insight2014-09-30

China LNG plunges amid alleged sell-off by mainland investors

... ngs Ltd., HSBC Securities (Asia) Ltd., UBS Securities Asia Ltd., Bright Smart Securities & Commodities Group Ltd. (01428.HK) and KGI Securities Co. Ltd. also saw high transaction volumes, the repo ...More

EJ Insight2014-09-26

Govt, business leaders mourn the death of Marvin Cheung

... s work at HSBC Holdings plc (00005.HK) in August. He was a non-executive director of HSBC, and also served on the boards of some other listed firms including Hong Kong Exchange and Clearings Ltd. (003 ...More

EJ Insight2014-09-15

Bet on iPhone 6 or win the Mark Six jackpot

... brands -- HSBC (0005), Cathay Pacific (0293) and Prudential (2378) 2. The Macau play: 8, 11, 19, 20, 22, and 27 for the six big casino operators, namely, Galaxy (27), Sands China (1928), Wynn Macau (1 ...More

EJ Insight2014-09-12

HK parents balk at cost of overseas education

Nearly nine in 10 Hong Kong parents would consider sending their children overseas to study but find the expense daunting, according to a survey by HSBC Holdings Plc.    "Parents believe that educatio ...More

EJ Insight2014-09-11

How to count the cost of Beijing displeasure

... ine. Both HSBC and Standard Chartered Bank have reportedly, under Chinese pressure, pulled ads from Apple Daily, a newspaper that is a major thorn in the side of the Chinese government. Fear has also ...More

EJ Insight2014-09-10

Brokers, banks gear up for Stock Connect scheme

... ng Kong), HSBC and Dah Sing Bank are HK$6,000, HK$5,000 and HK$2,500 respectively. Some small brokers said they felt helpless about what banks and large securities firms are able to do. Hung Sing Secu ...More

EJ Insight2014-09-08

You won't believe what ICBC chairman is making

...  while at HSBC Holdings, the largest European bank, the amount was US$71,400, according to data compiled by Bloomberg. Jiang, 61, earned 2 million yuan last year in salary, bonus and benefits as head ...More

EJ Insight2014-09-08

Your wallet: The next digital battlefield

... ive ways. HSBC was the first one out of the blocks, introducing a system in 2012 that enables its Visa card holders to turn an Apple iPhone into a Visa payWave contactless payment device. Hang Seng Ba ...More

EJ Insight2014-09-02

UK fund manager Woodford offloads HSBC over fine fears

Neil Woodford, one of UK's best-known fund managers, has sold all his shares in HSBC Holdings plc over fears that banks face "unquantifiable" fines from regulators, The Telegraph reported on Monday. W ...More

EJ Insight2014-09-02

SHKP-Norman Chan Index puts HK top earners to affordability test

... he former HSBC taipan house owned by comedian Stephen Chow Sing-chi which was sold for HK$800 million or HK$130,000 per square foot. That begs an obvious question: is it worth it? Taking a cue from SH ...More

EJ Insight2014-08-07

What if SHKP got Norman Chan rather than Rafael Hui?

... anuary to HSBC and Bank of East Asia about why they were not advertising in Jimmy Lai's publications. For Rafael Hui, another former Hong Kong No. 2, it was HK$28 million and counting to be the "eyes ...More

EJ Insight2014-08-05

HSBC sees income boost when interest rates rise

... income of HSBC Holdings Plc, according to the global banking giant. Stuart Gulliver, chief executive of HSBC, believes revenue will pick up strongly about six months after interest rates move higher, ...More

EJ Insight2014-08-05

HSBC lifts China growth forecast ever so slightly

HSBC Holdings Plc. (00005.HK) has increased its forecast for China's gross domestic product growth to 7.5 percent from a 7.4 percent estimate in March, the bank said in a regulatory filing Monday. Als ...More

EJ Insight2014-08-04

Wall Street firms eye stake in messaging app Perzo

...  Bank AG, HSBC Holdings Plc, BlackRock Inc. and hedge fund Maverick Capital Ltd., according to the sources. The companies declined to comment. Perzo is a Palo Alto, California-based startup founded by ...More

EJ Insight2014-08-04

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