Latest News for: Hsbc asia

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UK Shares Rise on Travel, Banking Boost; Retail Sales Data Ease Taper Fears

FX Empire 17 Sep 2021
The blue-chip FTSE 100 index rose 0.3%, with banking shares gaining after a series of brokerage upgrades and price target hikes. Asia-focused banks HSBC Holdings and Standard Chartered jumped 1.8% and 0.5%, respectively, after Barclays raised price targets on the stocks. RBC also upgraded HSBC to “outperform” from “sector perform”. Advertisement ... ....
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HSBC, BOCHK among lenders staying away from Kwai Hung’s Mangrove project amid caution around mortgage lending

South China Morning Post 17 Sep 2021
Hong Kong banks are becoming more cautious in their mortgage lending, particularly for incomplete ...
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Connect scheme for wealth management in GBA set to bloom

China Daily 15 Sep 2021
Not only will the scheme provide huge opportunities to financial institutions in both the Chinese mainland and Hong Kong, it will also offer individual investors a wider selection of investment choices," said Benjamin Hung, Standard Chartered's CEO for Asia ... David Liao, co-chief executive of HSBC Asia-Pacific, said.
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Punjab National Bank begins exit from Canara HSBC OBC Life Insurance

Business Line 14 Sep 2021
Canara Bank has a 51 per cent stake and HSBC Insurance (Asia Pacific) Holdings has 26 per cent stake in the life insurer, which is now an associate company of PNB ... ventures — PNB MetLife insurance (30 per cent stake) and Canara HSBC OBC Life (23 per cent stake).
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China Tech Shares Slide on Latest Volley of Internet Curbs

Caixin Online 13 Sep 2021
(Bloomberg) — Chinese technology shares fell again Monday amid the latest moves from Beijing to reshape online businesses ...I believe the market is still finding the bottom valuation of Chinese internet stocks,” said Fan Cheuk Wan, Asia chief investment officer for Private Banking and Wealth Management at HSBC Holdings Plc, on Bloomberg TV ... .
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China Tech Shares Slump on Latest Volley of Internet Curbs

Yahoo Daily News 13 Sep 2021
(Bloomberg) -- Chinese technology shares fell once again Monday on the latest moves from Beijing to reshape online businesses ...I believe the markets is still finding the bottom valuation of Chinese internet stocks,” said Fan Cheuk Wan, Asia chief investment officer for Private Banking and Wealth Management at HSBC Holdings Plc, on Bloomberg TV ... .
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China tech shares slump after report that Beijing seeks to break up Alipay

Live Mint 13 Sep 2021
Chinese technology shares fell once again Monday on the latest moves from Beijing to reshape online businesses ...I believe the markets is still finding the bottom valuation of Chinese internet stocks," said Fan Cheuk Wan, Asia chief investment officer for Private Banking and Wealth Management at HSBC Holdings Plc, on Bloomberg TV ... .
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Global players enabled  ‘Zupta’ corruption

Mail Guardian South Africa 12 Sep 2021
More than $100-million of the alleged kickbacks received by the Guptas over purchases of Chinese locomotives by Transnet were reportedly channelled through the HSBC Hong Kong accounts of their front companies Tequesta and Regiments Asia.
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Investors can tap opportunities amid green revolution in S-E Asia

Straits Times 10 Sep 2021
In South-east Asia, the green revolution is taking place in earnest ... In the next decade, South-east Asia is going to double its size to become the fourth-largest economic bloc, after the United States, China and the European Union ... •The writer is the chief investment officer for South-east Asia at HSBC's private banking and wealth management.
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Bulk deals: From McDowell Holdings to Stove Kraft

IIFL 08 Sep 2021
HSBC Global Investment Funds - Asia Ex-Japan Equity Smaller Companies acquired 5.37 lakh equity shares in Stove Kraft at Rs929.85 per share, as per the bulk deal data ... .
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Euro banks active in tax havens, despite scandals

Taipei Times 06 Sep 2021
HSBC and Standard Chartered Bank headquarters are pictured at the central business district in Hong Kong on Aug ... for HSBC, the bulk of haven profits come from just one haven [Hong Kong], while in other cases multiple tax havens are involved,” it said ... HSBC derives the vast majority of its profit in Asia, with China and Hong Kong the major drivers.
photo: Creative Commons
Symbol of European Union flag on Euro banknote
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European banks still active in tax havens despite scandals—poll

Manila Standard Today 06 Sep 2021
The Observatory, which is headed by Berkeley University professor and tax expert Gabriel Zucman, reviewed data published by 36 financial institutions over the 2014-2020 period, with a special focus on big banks HSBC, Deutsche Bank, and Societe Generale ... HSBC derives the vast majority of its profit in Asia, with China and Hong Kong the major drivers.
photo: AP / Kirsty Wigglesworth
FILE - In this Tuesday, June 9, 2015 file photo, the HSBC logo is seen through a window where buildings are reflected on to, at a branch in London. HSBC announced on Monday Aug. 5, 2019, the surprise departure of CEO John Flint after 18 months in the job, saying the bank needs new leadership.
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European banks storing €20bn a year in tax havens

The Observer 06 Sep 2021
Leading European banks are booking around €20bn (£17bn) a year – equivalent to 14% of their total profits – in tax havens, with Barclays, HSBC and NatWest Group among those enjoying the lowest tax rates, according to a new report ... HSBC is headquartered in Hong Kong, with an official effective tax rate of 13%.
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What’s next for the Lloyds share price?

The Motley Fool 06 Sep 2021
Since dropping significantly in the stock market crash last year, the Lloyds (LSE ... Trading update ... Diversification. Unlike Barclays, which has a strong investment bank, and HSBC, which has a large presence in Asia, it can be said that Lloyds is not overly diversified ... The Motley Fool UK has recommended Barclays, HSBC Holdings, and Lloyds Banking Group.

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