HSBC Holdings is phasing out its remote-work flexibility as it tightens its post-pandemic policy in Hong Kong, requiring frontline employees to be in the office or meet clients five days a week. In an internal memo seen by the South China Morning Post, the city’s largest bank asked client-facing staff, including traders and salespeople, to…
HSBC Holdings, the largest banking group in Europe and Hong Kong by assets, on Wednesday reported a 7 per cent decline in profit last year, as bad debt in commercial property and lawsuits related to the Bernard Madoff fraud case offset strong growth in its wealth business. Pre-tax profit in 2025 dropped to US$29.9 billion…
HSBC, Hong Kong’s largest bank with a 6.2 million-strong customer base, suffered a widespread system breakdown on Friday afternoon. According to some customers, the bank’s mobile app and online services were inactive as early as 1pm, with login attempts diverted to a screen stating the system was under maintenance and would be accessible at a…
New share listings by Chinese technology firms in Hong Kong have delivered above-average returns on their debuts so far in 2026, as investors faced with a challenging macro environment bet on Beijing’s push for technology self-reliance. Graphics processing unit (GPU) maker Shanghai Biren Technology, semiconductor maker OmniVision Integrated Circuit Group and three others rose by…
Hong Kong’s monetary authority will launch a Renminbi (RMB) Business Facility from next month to support banks in offering yuan loans to companies, a move that aims to promote trade finance and direct investment as the city strengthens its role as an offshore yuan hub. “The potential usage of the RMB Business Facility by participating…
Hong Kong’s monetary authority will launch a Renminbi (RMB) Business Facility from next month to support banks in offering yuan loans to companies, a move that aims to promote trade finance and direct investment as the city strengthens its role as an offshore yuan hub. “The potential usage of the RMB Business Facility by participating…
Hong Kong’s bankers and traders hunkered down at home or booked hotels near their offices as Super Typhoon Ragasa descended on the Asian financial hub. The big international banks, including Goldman Sachs, Morgan Stanley and HSBC Holdings, told most employees to work from home before the typhoon unleashed a deluge of rain and sustained winds…
HSBC Holdings, Hong Kong’s largest lender, on Tuesday opened a 23,000-square-foot wealth management centre in the International Commerce Centre (ICC), which is expected to give a boost to the city’s struggling office market and help the bank serve its wealthy clients. The centre is located on the 99th floor of the ICC and it is…
Concerns about the durability of China’s growth and corporate earnings reports put Hong Kong stocks on track for their first weekly decline in nearly a month, as investors moved beyond their optimism about the outcomes of tariff talks. The Hang Seng Index retreated 0.2 per cent to 24,727.78 at the noon break on Friday. For…
Caution returned to Hong Kong stocks as the city’s benchmark fell from its highest point in three years, with investors gearing up for the US Federal Reserve’s rate decision and earnings reports. The Hang Seng Index fell 0.9 per cent to 25,316.44 as of 10.08am local time on Tuesday, while the Hang Seng Tech Index…