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  1. HK and Asia-Pacific spur HSBC profits to US$11.1b

    Posted Aug 02nd 2011, 12:00am

    ... May Chan may.chan@scmp.com Hong Kong and Asia-Pacific led growth in HSBC's global revenues as the region's economic momentum continued to outstrip North America, Europe and Latin ... record-breaking initial public offerings and its status as the world's third-largest financial centre. Despite the current restructuring of the bank, which had already seen 5,000 jobs axed ...

  2. HSBC top yuan forex house in London, it says

    Posted May 24th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com HSBC said it has established itself as the largest yuan foreign exchange house in London, the world's largest foreign exchange centre, which is now ... Kong's yuan plans, said HSBC Hong Kong chief executive Anita Fung. Her comments came as representatives from the Hong Kong Monetary Authority and seven banks met the British Treasury and other ...

  3. HSBC revises down HK growth outlook

    Posted Nov 02nd 2011, 12:00am

    ... Anita Lam and May Chan anita.lam@scmp.com HSBC is slashing Hong Kong's economic growth forecasts for both this year and the next as economists warn the euro-zone debt crisis ... year to 4.5 per cent from 5.4 per cent. 'Hong Kong exports slowed quite shockingly and that will hamper the important logistics sector,' said Frederick Neumann, HSBC's co-head ...

  4. This cash is trash as HSBC fixes design flaw

    Posted Jul 25th 2011, 12:00am

    ... Paggie Leung paggie.leung@scmp.com HSBC says it will bear all the costs of rectifying a problem with the design of its new HK$100 banknotes, which were due to go into circulation ... is on the right. HSBC, the Monetary Authority and the government issued a joint statement yesterday to apologise for the mistake, which was pointed out by members of the public after the authority ...

  5. Caution as HSBC raises growth forecast for year

    Posted Jul 27th 2011, 12:00am

    ... Amanda Lee amanda.lee@scmp.com Hong Kong's economy is expected to grow strongly this year, driven by firm mainland demand and consumer spending, HSBC economists say. Rising asset ... at HSBC, said US debt woes would weigh on investor sentiment. The major credit rating firms have warned that they would downgrade the AAA ratings on US debt if the government defaults. They demand ...

  6. HSBC set for yuan-linked liftoff

    Posted May 23rd 2011, 12:00am

    ... Enoch Yiu in London enoch.yiu@scmp.com HSBC Holdings is keen to expand its investment banking role in the yuan bond and share markets, saying there are huge business opportunities in the sector as China tries to internationalise its currency. Samir Assaf, chief executive of global banking and markets for HSBC, said he expected that income from underwriting yuan-denominated ...

  7. HSBC banker predicts growth in trade will continue into next year

    Posted Mar 16th 2011, 12:00am by Keith Wallis

    ... a senior banker told Hong Kong shipowners yesterday. Christopher Lewis, head of trade and supply chain in Greater China for HSBC, said the recovery in trade seen last year should push forward ... of the 'interest rate arbitrage' between US dollars and yuan. But he also believed there had been specific trade settlements in the mainland currency. He said a HSBC survey showed the yuan would ...

  8. HSBC lends HK$18b to SMEs, says worst over

    Posted Nov 21st 2009, 12:00am by Staff Reporter

    ... Maria Chan Hongkong and Shanghai Banking Corp, the Asia-Pacific unit of HSBC Holdings, said it had granted HK$17.9 billion to small and medium-sized enterprises from its HK$20 billion SME ... to explore expansion opportunities,' he added. Many SMEs have faced difficulties after global financial turmoil caused a credit crunch that hurt many small businesses. In Hong Kong, HSBC ...

  9. Cashed-up HSBC sees no need for more capital

    Posted May 01st 2009, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings has no plan to raise capital in the near future even if its subsidiary in Britain needs further funding, according to Sandy Flockhart, the chief executive ... reported that Britain's Chancellor of the Exchequer, Alistair Darling, was expected to announce this month that banks such as HSBC, Royal Bank of Scotland and Barclays could be forced to hold ...

  10. Bank on convertibility

    Posted May 15th 2012, 12:00am

    ... will give further impetus to it. Last month, HSBC said it would issue the first international yuan-denominated bond in London, which currency experts say signals an important stage in the mainland currency's journey towards full convertibility. HSBC announced that it planned to sell 2 billion yuan (US$317 million) of yuan-denominated bonds in London with a yield of 3 per cent, the first-ever ...




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