Bill Yuen (pictured), the London office’s manager, was earlier accused of passing on surveillance requests from city authorities while working at the HKETO to co-defendant Peter Wai. Photo: Reuters

    UK court convicts 2 men linked to Hong Kong trade office of spying

    A British court has convicted two men linked to an Hong Kong Economic and Trade Office (HKETO) of spying on activists from the city on behalf of Chinese authorities. Bill Yuen Chung-biu, the London office’s manager, and Peter Wai Chi-leung were found guilty of assisting a foreign intelligence service on Thursday, two years after their…

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    HSBC profit flat as Middle East provisions offset wealth growth

      HSBC profit flat as Middle East provisions offset wealth growth

      HSBC, Hong Kong’s largest lender, reported broadly flat first-quarter profit as lower interest rates and provisions linked to the Middle East conflict offset solid growth in its wealth management business. Net profit for the first three months of 2026 rose 0.14 per cent year on year to US$6.94 billion, or 41 US cents per share,…

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