HSBC

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China’s yuan volatility rising on interest rates, US presidential election: Goldman

The volatility of the Chinese yuan’s exchange rate with the US dollar is set to rise in the near term…

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Tech

Hong Kong’s launch of wCBDC sandbox takes it closer to tokenised market

Hong Kong’s de facto central bank on Wednesday launched a sandbox for wholesale central bank digital currency (wCBDC), with six…

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New Business Jobs

China’s trade ‘unevenness likely to continue’ as July data offers mixed bag

Analysts pointed to the impact of lower prices and some fading of global discretionary demand as the reading fell short…

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New Business Jobs

Hong Kong rules out more virtual banks, citing need for ‘healthy development’ of sector

The Hong Kong Monetary Authority (HKMA) has ruled out issuing new virtual bank licences after a review found that the…

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New Business Jobs

Chinese builders Logan, KWG seen near private refinance deal on US$1.3b The Corniche loan

Cash-strapped Chinese builders Logan Group and KWG Group Holdings are close to signing a private loan to refinance a HK$10.2…

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New Business Jobs

Hong Kong stocks slide after US data shock triggers regional sell-off

Hong Kong stocks stumbled after a surge in US unemployment and manufacturing contraction triggered worries about a slowdown in the…

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New Business Jobs

HSBC sets aside US$3 billion for buy-back as result beats estimates in tribute to retiring CEO

Pre-tax profit rose 2 per cent to US$8.9 billion, better than the US$7.88 billion expected by analysts, said the bank…

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Tech

Chinese wealth management unicorn Lufax on path to biggest US listing by Chinese issuer this year, targets US$2.4 billion IPO

Chinese wealth management unicorn Lufax Holding is selling American depositary shares (ADSs) in an initial public offering (IPO) on the…

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New Business Jobs

Hong Kong’s Towngas enlists HSBC, vendors in its efforts to cut supply-chain emissions

Hong Kong and China Gas Company (Towngas) has launched a new scheme with HSBC to improve efficiency and reduce supply…

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New Business Jobs

HSBC’s new infrastructure finance unit to be led by ex-UK politician Danny Alexander

HSBC has hired Danny Alexander to lead its new infrastructure unit to tap opportunities associated with the global shift to…

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