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  1. Investors punish HSBC after US$35b bailout of two investment vehicles

    Posted Nov 28th 2007, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holding shares fell as much as 3.07 per cent yesterday after the bank unveiled plans for a US$35 billion bailout of its two troubled structured investment vehicles. At one point, HSBC traded as low as HK$129.40 before regaining some of its loss to close at HK$130.90, down 1.95 per cent. Still, HSBC's fall, along with that of Bank of China, helped drag the Hang ...

  2. Mainland to loosen cash controls, HSBC predicts

    Posted Jan 14th 2012, 12:00am

    ... Neil Gough neil.gough@scmp.com HSBC's economists see the ongoing euro crisis creating strong headwinds for Hong Kong and the mainland in the year ahead, but believe Beijing's shift to a looser monetary and fiscal policy will help cushion the blow. '2011 was a year of policy tightening but 2012 will be one of policy easing,' said Qu Hongbin, HSBC ...

  3. Some HSBC Hibor-based mortgages dearer than loans based on prime rate

    Posted Jul 07th 2011, 12:00am

    ... Lulu Chen and Paggie Leung HSBC will raise its mortgage interest rate based on the Hibor, or Hong Kong interbank offered rate, today- meaning that, for the first time, Hibor-based mortgages may cost more than mortgages based on the prime lending rate. HSBC will raise its Hibor-based mortgage to Hibor plus 1.8 to 2.3 per cent, from Hibor plus 1.5 to 2 per cent, while lowering ...

  4. Developer posts $1.25b loss after revamp

    Posted Apr 16th 2005, 12:00am by Peggy Sito

    ... Peggy Sito With huge debt restructuring costs behind it, Lai Sun Development points to surge in interim operating earnings Lai Sun Development said yesterday it had completed a massive debt restructuring, having refinanced all its borrowings and paid out $1.48 billion in a settlement with bondholders and other creditors. The property developer said business had improved ...

  5. HSBC holds out as three more lenders raise rates

    Posted Jul 21st 2005, 12:00am by Enoch Yiu

    ... Enoch Yiu Three more banks are raising prime lending rates to 6.5 per cent from today- leaving HSBC as the only lender with prime still at 6.25 per cent. Bankers believe interest rates ... An HSBC spokesman said the bank was still considering whether to increase its rates. With a prime rate of 6.5 per cent, mortgage borrowers are now paying about 4.5 per cent interest ...

  6. Banks may cut savings rate less, says HSBC

    Posted Jan 31st 2008, 12:00am by Staff Reporter

    ... banks had room to follow the US Federal Reserve's widely anticipated cut in its fed funds rate overnight, Margaret Leung Ko May-yee, HSBC's global co-head of commercial banking, said yesterday as she unveiled the findings of an HSBC-commissioned economic outlook survey of small to medium-sized enterprises. Mrs Leung said the local economy was stable and interbank rates were ...

  7. HSBC hopes subprime bug will not spread

    Posted Aug 01st 2007, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings, hit by rising loan defaults in the world's biggest economy, said the United States subprime housing market was still in a fragile state but the spillover ... HSBC saying provisions were sufficient for the foreseeable future. JP Morgan, which maintained its 'underweight' recommendation on the bank's stock, said it was still worried ...

  8. HSBC sees full employment by year end

    Posted Jul 20th 2007, 12:00am by Dennis Eng

    ... with jobs last month. HSBC economist George Leung Siu-kay said he believed the jobless rate could dip to below 4 per cent by the end of the year, which would theoretically mean full employment. As Hong Kong continues to evolve into a service-oriented economy, some people become and remain jobless because their skills do not match those employers require. HSBC estimates ...

  9. Brave new world

    Posted Jun 11th 2012, 12:00am

    ... The index has shed about one-quarter of its value over the past year. Steven Sun, head of China equity strategy for HSBC, says investors' concerns can be summed up as the three Gs: Greece, ... stimulus if it risks channelling investment to old industries, away from its seven targeted sectors. 'The government needs to balance growth with its economic restructuring reforms, ...

  10. Dealer's choice

    Posted Jul 02nd 2012, 12:00am

    ... Jasper Moiseiwitsch If an investor decides to take the plunge into foreign-currency investments, there are plenty to choose from. HSBC offers a wide range of foreign-currency time deposits. For example, the bank pays 3.25 per cent (annualised) for a six-month Australian dollar deposit. The catch is that the account holder is exposed to the ups and downs of the currency ...




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