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  1. Why HSBC won't be coming home to Hong Kong

    Posted Sep 13th 2010, 12:00am by Tom Holland

    ... Speculation is swirling that banking giant HSBC Holdings may be planning to shift its headquarters from London, where it has been based since the early 1990s, back to Hong Kong. This is hardly the first time rumours have circulated that HSBC is planning t ...

  2. Management upbeat as bank continues to bleed

    Posted Aug 04th 2009, 12:00am by Tom Holland

    ... Tom Holland Anyone who thinks HSBC Holdings drew a line under the subprime nightmare with its US$17.8 billion rights offer in April needs to think again. Although group chairman Stephen Green and his management team did their best to accentuate the positive yesterday, the banking giant continues to bleed red ink from its United States and British mortgage portfolios, ...

  3. HK's regulatory system needs drastic treatment

    Posted Feb 05th 2009, 12:00am by Tom Holland

    ... with Tom Holland Last month Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong spoke up in defence of the city's regulatory regime, saying the system was in no need of 'major surgery'. He was wrong. A look back over the list of scandals, fiascos and failures from the last year should be enough to persuade anyone that our regulatory bodies badly need ...

  4. Optimism over lender looks a little premature

    Posted Aug 05th 2008, 12:00am by Tom Holland

    ... Tom Holland HSBC chairman Stephen Green and his colleagues were careful not to say so at the bank's interim results briefing yesterday, but it was hard not to get the impression they are daring to hope that for HSBC the worst of the credit crunch may be over. Sure, the headline 29 per cent decline in first half profit compared with last year looked so horrible that dealers ...

  5. Speculators affect volatility, not direction

    Posted Jul 23rd 2008, 12:00am by Tom Holland

    ... Tom Holland As commodity prices soared in the first half of the year, debate raged as to whether fundamental supply-and-demand factors were driving the run-up, or whether financial speculators were to blame. Some had no doubt. Opec blamed speculators for pushing oil above US$140 a barrel. The United Nations said institutional investors had contributed to the rise in food prices. ...

  6. HSBC needs US arm despite loan losses

    Posted Mar 04th 2008, 12:00am by Tom Holland

    ... Tom Holland It won't be of much comfort to HSBC Holdings' chairman Stephen Green, but in one sense his bank's strategy of diversification is working as intended. Even though falling United States house prices forced HSBC to make US$17 billion worth of provisions against bad loans last year, while the credit crunch inflicted another US$2 billion of write-downs on its ...

  7. Fed cut sets stage for stock rebound

    Posted Jan 23rd 2008, 12:00am by Tom Holland

    ... Tom Holland Get ready for the rebound. In theory, yesterday's emergency interest-rate cut by the US Federal Reserve could be interpreted two ways. Either panicked investors could take it as a sign that the economic outlook is even worse than they feared, which would prompt fresh selling and push stock prices down further. Or they could conclude that the Fed stands ready to do ...

  8. Wen right to worry about stock prices

    Posted Nov 21st 2007, 12:00am by Tom Holland

    ... Tom Holland Speaking in Singapore on Monday, Premier Wen Jiabao acknowledged the danger posed by overly-inflated mainland share prices. 'If the bubble bursts it will hurt China's economy,' he was quoted as saying. With Shanghai's A-share index now down 14 per cent from its mid-October peak (see chart), Mr Wen's concerns are understandable. Traditionally, a market ...

  9. Market forces: 1 Wen Jiabao: 0

    Posted Nov 02nd 2007, 12:00am by Tom Holland

    ... Tom Holland China's leaders are discovering the hard way that they cannot buck market forces. Just last Wednesday, in a bid to hold down inflation, Premier Wen Jiabao pledged there would be no fuel price rises this year. Yesterday, with crude oil prices surging to a historic high of US$96 a barrel, China's leadership was forced to make an embarrassing U-turn. Breaking ...

  10. Hong Kong struggles as forex trading centre

    Posted Sep 27th 2007, 12:00am by Tom Holland

    ... Tom Holland The Hong Kong Monetary Authority was quick to crow over the results of the triennial survey of world foreign exchange markets released on Tuesday by the Bank for International Settlements. The survey ranked Hong Kong as the world's sixth-largest foreign exchange market, ahead of Australia in seventh place. The data showed that market turnover in Hong Kong rose ...




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