The ‘Spin Off HSBC Asia Concern Group’ seeks a return of the annual dividend to pre-pandemic levels and a quarterly report on efforts to increase the value of the Asia business, including a potential spin-off. Source link
Read More »Hong Kong start-up comes to the rescue of the world’s endangered corals
Besides providing crucial breeding ground for fish, coral reefs act as natural buffers against storms and surges, protecting an estimated 200 million people living along the world’s coastlines from violent weather. Source link
Read More »Exclusive: Hong Kong’s digital insurance lags behind Singapore, Western countries
A Sia Partners study ranks Hong Kong’s digital insurance platforms low on online advisory, quoting prices and handling sales and claims, as local firms rely heavily on agents. Source link
Read More »Octopus card spreads its reach in Hong Kong, wins over elderly, small merchants
Keeping it simple has worked to win over users and vendors, says David Eldon, chairman since 2016 Source link
Read More »Hong Kong launches data platform to help small businesses get bank loans
The de facto central bank’s new platform is designed to help small and medium-sized enterprises get cheaper loans by sharing their operational data with banks. Source link
Read More »Russians lose access to some banking services in Hong Kong due to Western sanctions
HSBC sends out letter, seen by Post, saying lender unable to provide investment services to Russian nationals who are not European Union residents. Source link
Read More »HSBC not liable for suicide attack at CIA base: US court
A divided US appeals court said HSBC Holdings Plc was not liable to the families of two American contractors killed in a 2009 al-Qaeda suicide bombing of a CIA base in Afghanistan, after the bank allegedly evaded US sanctions targeting sponsors of terrorism. Source link
Read More »Hong Kong buyers snap up Novo Land flats ahead of potential new rate increase
Homebuyers in the city flocked to buy flats on offer this weekend at Sun Hung Kai’s Novo Land project in Tuen Mun, reflecting a pre-emptive move against an expected rise in prime rate. Source link
Read More »HSBC offers cash incentives for Hong Kong’s small businesses to hire staff
“The cash rebate for the newly hired staff is a good move to encourage companies to create jobs.” The city’s jobless rate fell to 4.3 per cent in the April to June period, official figures showed. The rate was 5.1 per cent between March and May and 5.4 per cent …
Read More »Revealed: the politics-free bauhinia replaced The Queen on Hong Kong’s coins
The look of Hong Kong’s post-1997 coins and notes was shrouded in secrecy and the top agenda item in the Sino-British Confidential Financial Dialogue from 1987 to 1997. Source link
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