• Saturday
  • November 22, 2014
  • Last updated: 10:39am
Hong Kong




Refine Your Search

Sort by

Search Results

Results 1 - 10 of 15 for hsbc

Search results

  1. HSBC anticipates a lighter bad-debt burden

    Posted Aug 06th 2003, 12:00am by Christine Chan

    ... The bank, the Hong Kong flagship of HSBC Holdings, reported on Monday that its bad and doubtful debt charges surged 88.51 per cent year on year to HK$2.41 billion in the first six months, due ... Hongkong Bank's mortgage delinquency ratio was slightly more than 1 per cent in the first half, in line with the industry average, he said. While analysts dubbed HSBC's US$14.8 billion ...

  2. Acquisitions pay off for HSBC

    Posted Aug 05th 2003, 12:00am by Christine Chan

    ... The banking giant surprises with a 25pc jump in earnings HSBC Holdings yesterday posted a larger than expected 25 per cent jump in interim profit to US$4.1 billion on the back of recent acquisitions in North America. Cash profit reached US$4.87 billion, up 32 per cent over the same period last year. HSBC's underlying growth was a far more modest 4 per cent while its Hong Kong ...

  3. Acquisitions expected to add strength to HSBC's interims

    Posted Aug 04th 2003, 12:00am by Christine Chan

    ... HSBC Holdings is set to post a higher interim profit today according to 10 analysts polled by the South China Morning Post. They predicted the bank - global banking parent of Hong Kong's biggest lenders, HSBC and Hang Seng Bank - would report a net profit of US$3.6 billion for the six months to June, up 11 per cent from last year's first-half result. The result ...

  4. Bank of Shanghai looking for more foreign investors

    Posted Oct 17th 2003, 12:00am by Christine Chan

    ... The Bank of Shanghai will sell more shares to foreign investors, including HSBC Holdings, a move which may lead to Hong Kong's largest bank becoming the biggest shareholder ... saw HSBC take an 8 per cent stake in the bank, while the World Bank's investment arm International Finance Corp (IFC) took 7 per cent and Hong Kong's Shanghai Commercial Bank 3 per ...

  5. HK insurers fall short of pact's asset threshold

    Posted Jul 01st 2003, 12:00am by Christine Chan

    ... insurers operating in Hong Kong. HSBC could come close to the US$5 billion threshold if its insurance unit was merged with that of subsidiary Hang Seng Bank and its pension firm, Mr Chan said. ...

  6. PICC's clearance to list due 'within days'

    Posted Sep 29th 2003, 12:00am by Christine Chan

    ... People's Insurance Co of China (PICC), China's largest property insurer, later this week will start pre-marketing in Hong Kong for its global share offering as part of attempts to gain listing-application clearance from the Hong Kong stock excha ...

  7. Limits on foreign banks to be eased

    Posted Aug 27th 2003, 12:00am by Christine Chan

    ... management control,' Citigroup senior economist Huang Yiping said. 'It is a big incentive.' Officials from HSBC, Citibank and Bank of East Asia were among the foreign banking ... bought stakes in mainland lenders, but at levels far below the present 15 per cent cap. HSBC bought an 8 per cent stake in Bank of Shanghai - the highest among any foreign bank so far. Citibank ...

  8. StanChart misses out on Cepa

    Posted Jul 01st 2003, 12:00am by Christine Chan, Raymond Ma

    ... in China.' HSBC, another British banking group, satisfies the 'Hong Kong banks' criteria because it has established its 10-branch mainland network through its locally incorporated Hongkong ... branch profits before getting yuan business clearance. HSBC Greater China chief economist George Leung Siu-kei said: 'To the bigger banks, the change is important. This is because not every ...

  9. Moody's considers upgrades for China Merchants and SPDB

    Posted Oct 04th 2003, 12:00am by Christine Chan

    ... the attention of foreign lenders including HSBC and Citibank, which want to tap the booming domestic market. Citibank recently took a stake in SPDB, becoming the second foreign bank to invest in a mainland lender. HSBC made the first such investment in 2001. But negotiations on stake sales to foreign banks have been tough; the central government only recently began considering giving foreign ...

  10. Ping An taps overseas expertise

    Posted Jan 06th 2004, 12:00am by Christine Chan

    ... An - in which HSBC, Morgan Stanley, Goldman Sachs and Dai-ichi Mutual Life Insurance hold slightly less than the 25 per cent cap on foreign ownership - collected 61.97 billion yuan in insurance premiums ...




SCMP.com Account