Tag: Hong Kong


Hong Kong Scraps Market Trading as Storm Nalgae Draws Near

November 2, 2022

Via: Insurance Journal

Hong Kong closed its $4 trillion stock market early as severe tropical storm Nalgae moved closer on a day when the city hosted a top-level summit for global bankers. Hong Kong Exchanges & Clearing Ltd. scrapped afternoon trading of stocks […]


UBS fined by Hong Kong’s SFC for compliance breaches

August 10, 2021

Via: FinTech Futures

According to the regulator, UBS failed to disclose its holdings in companies it covered in its research reports between 2004 and 2018. The fine also applies to a handful of other compliance breaches, including the bank’s failure to record 35 […]

Activity, Investment Banking

HSBC shares in Hong Kong up 2.7% after pre-tax profit in the first quarter beat expectations

April 27, 2021


HSBC shares jumped 2% after Europe’s largest lender by assets reported first-quarter pre-tax profit that beat estimates but reported revenue was down. Hong Kong-listed HSBC shares traded up 0.44% prior to the earnings release. The London-headquartered bank, which makes most […]

Activity, Insurance, Regulations

China Regulator Pledges Continued Backing of Hong Kong as Financial Center

August 24, 2020

Via: Insurance Journal

China’s banking regulator pledged its backing for Hong Kong as a finance hub and reiterated a commitment to opening up the Chinese financial sector amid a deepening standoff with the U.S. China will provide support for its financial institutions doing […]

Activity, Corporate Banking

Third wave of COVID-19 forces Hong Kong banks to close branches

July 22, 2020

Via: Banking Technology

The South China Morning Posts reports that the 11 lenders will partially or completely shut down operations at some 58 branches – about 5% of the city’s total – from 21 July. The restrictions come as the latest outbreak pushed […]

Activity, Trading

Asian markets pull back after weak Japanese trade data

November 19, 2019

Via: Market Watch

Shares retreated in Asia on Wednesday after Japan reported its worst monthly decline in exports in three years, putting pressure on the economy as growth slows following a sales tax hike. Adding to regional jitters, the U.S. Senate passed a […]

Activity, Trading

Asian markets mixed as investors await Wall Street’s next move

December 24, 2018

Via: Market Watch

Asian stocks started mostly lower in light trading Monday, but finished mixed, as a Wall Street slump and a partial U.S. government shutdown clouded holiday cheer. Markets in Japan, Indonesia and the Philippines were closed. Trade tensions were slightly improved […]