Latest News for: Hsbc asia


DBS can challenge a smaller HSBC — with the Fed’s help

Taipei Times 06 Aug 2022
Noel Quinn, his counterpart at HSBC, is only targeting a 12 percent-plus return on tangible equity by next year ... Does DBS need a footprint outside Asia to challenge HSBC, which is almost six times bigger by total assets? Not really, especially if the latter capitulates to pressure from Ping An and decides to deglobalize and split up.

HSBC hires Pahwa for South Asia banking business

FX Empire 05 Aug 2022
HONG KONG (Reuters) – HSBC has appointed Sandeep Pahwa as head of capital financing and investment banking coverage for South Asia, according to a memo seen by Reuters ... A HSBC spokesperson confirmed ...

Will HSBC be torn apart?

Moneyweek 04 Aug 2022
HSBC’s shares jumped by 7% on Monday as the bank promised to boost dividends and start paying them on a quarterly basis again from the start of next year, says Kalyeena Makortoff in The Guardian ... Indeed, HSBC’s dividend policy was so unpopular that Ping An has put it at the centre of its argument for a break-up.Higher interest rates boost profits.

Saxo Bank Japan is Terminating Support for MT4 in September 2022

Finance Magnates 04 Aug 2022
source. ... In the Asia Pacific region, HSBC Singapore partnered with Saxo Bank towards the end of 2021. Saxo Bank's trading infrastructure was integerated to HSBC Sigapore digitial investment offerings. Since Geely Holding Group took over the firm, Saxo Bank saw a moderate 400% growth in client deposits in the Asia Pacific region ... ....

Foreign investors biggest sellers of Chinese stocks in July 

Hong Kong Standard 04 Aug 2022
They sold a net 11.8-billion-yuan worth of shares in the Shanghai stock exchange, and 9.27 billion in the Shenzhen stock exchange.&nbsp... The Standard Channel. IOS Android. IOS Android. More>> ... However, Herald van der Linde, head of HSBC’s Asia Pacific equity strategy, said he had an overweight rating on Chinese equities.   ... .

Foreigners turn sellers of Chinese shares in July on COVID worries

Reuters 04 Aug 2022
Aug 4 (Reuters) - Overseas investors turned net sellers of Chinese stocks in July, as mainland stock prices tumbled on concerns that COVID-19 flare-ups and ensuing lockdowns would further disrupt economic activity ... However, Herald van der Linde, head of HSBC’s Asia Pacific equity strategy, said he had an overweight rating on Chinese equities ... ....

Chinese Subsidiary of British Investment Bank Now Includes Communist Party Committee

Voa News 03 Aug 2022
British bank and financial services giant HSBC, a longtime presence in East Asia, has become the first foreign lender to install a Chinese Communist Party committee in its investment banking subsidiary in China ... Some experts are concerned that the move might expose HSBC to increased influence from Beijing.

HSBC hits back over break up demands as it faces grilling from investors

This is Money 03 Aug 2022
... a proposal launched earlier this year by Chinese insurer Ping An, which wants to hive off HSBC's western operations and keep it as an Asia-focused bank.

Asian spinoff to hurt HSBC value, say bosses

Hong Kong Standard 02 Aug 2022
HSBC has been under pressure from its biggest shareholder, Ping An Insurance, which called on the lender in April to explore options - including spinning off its mainstay Asia business and listing it separately in Hong Kong ... By splitting HSBC into two and creating a separately ...

HSBC’s chair hits back at Ping An break-up demands

The Irish Times 02 Aug 2022
Earlier this year Ping An, a Chinese insurer that owns 9.2 per cent of HSBC’s shares, called on the bank to ... On Tuesday a group of retail investors calling themselves the Spin Off HSBC Asia Concern Group held a small protest outside the HSBC meeting, backing the Ping An proposal.

HSBC aims to placate Hong Kong investors after rejecting break-up call from Ping An

Reuters 02 Aug 2022
HONG KONG/SINGAPORE, Aug 2 (Reuters) - HSBC's bosses will meet retail investors in Hong Kong on Tuesday, seeking to convince them that a strategy to operate as a unified bank is better for its future than a break-up mooted by top shareholder Ping An Insurance Group Co of China ... HSBC shares soared in London and Hong Kong on Monday.

HSBC resists calls to spin off its Asian arm from Chinese holder

Irish Independent 02 Aug 2022
HSBC has come out fighting against calls by its largest shareholder for a break-up of the banking giant as it claimed the move would be costly and risky ... Ping An has argued that Asian investors felt cheated out of their dividend.HSBC makes most of its profits in Asia.

HSBC’s cross-border ties are paying dividends

Reuters 01 Aug 2022
HSBC (HSBA.L), (0005.HK) on Monday laid out the case for keeping its global network, rebuffing a breakup call from top shareholder Ping An (601318.SS) ... HSBC on Aug ... Chinese insurer Ping An, HSBC’s largest shareholder, in April criticised the bank and called for it to consider a breakup to better realise the value in its Asia-focused operations.

HSBC pre-tax profit falls in first half

Taipei Times 01 Aug 2022
A Hong Kong politician has voiced support for a proposal by Ping An Insurance to spin off HSBC’s Asian operations to unlock shareholder value ... Last year, HSBC vowed to accelerate a multiyear pivot to Asia and the Middle East, with ambitions to lead Asia’s wealth management market.

Clamor grows to get Ping An on board

Hong Kong Standard 01 Aug 2022
This came as a Hong Kong politician urged HSBC to spin off its Asia business and appoint representatives of Chinese insurer Ping An Insurance (2318) to its board, while the global lender prepares to meet with Hong Kong shareholders this week ... HSBC derived about 65 percent of its ...

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