HSBC faces pressure to split global banking operations
UK-based banking group HSBC is under pressure from its largest shareholder Ping An to split its business, Financial Times reported citing sources. …
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Opinion: Ukraine makes it harder for companies such as HSBC to remain ‘apolitical’ about China
US lawmakers recently asked HSBC if it is undermining democratic freedoms in Hong Kong. The Ukraine war makes this question…
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HSBC shuts bank branches in Hong Kong as Covid-19 surges
British banking giant HSBC has closed down some branches as well as its main office in Hong Kong after many…
StanChart-backed Mox Bank launches payroll account
Standard Chartered-backed digital lender Mox Bank is launching ‘Payroll’, which allows customers to use Mox as their payroll account. The…
Evergrande crisis: HKMA seeks exposure reports from banks
The Hong Kong Monetary Authority (HKMA) has reportedly sought reports from banks on their exposure to troubled China Evergrande Group.…
Dongguan Rural Commercial Bank raises $1.2bn via Hong Kong IPO
China’s Dongguan Rural Commercial Bank (DRC Bank) has reportedly raised $1.2bn (HK$9.1bn) in its Hong Kong initial public offering (IPO).…
Mox Bank launches new instant credit offering in Hong Kong
Standard Chartered-backed virtual lender Mox Bank has launched ‘Instant Loan’, which allows Mox Credit customers to borrow money instantly. Customers…
Standard Chartered plans green branch in Hong Kong
Standard Chartered is reportedly planning to set up a paperless “green branch” in Hong Kong, becoming the latest bank to…