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  1. HSBC 'to give up option to raise stake in BoCom'

    Posted Aug 09th 2012, 12:00am

    ... George Chen george.chen@scmp.com HSBC is set to give up its exclusive right to increase its stake in the Shanghai-based Bank of Communications, signalling a shift by the European giant to focus more on growing its own business on the mainland. People familiar with the situation told the South China Morning Post that HSBC, which has its headquarters in London, will not renew ...

  2. Sluggish HSBC blamed for taking shine off MPF

    Posted Aug 03rd 2012, 12:00am

    ... Anita Lam anita.lam@scmp.com Fund managers blame HSBC's poor showing in the stock market for the lacklustre performance of the Mandatory Provident Fund (MPF) last month despite ... Pacific-Yamaichi, cited the sluggish HSBC stock as the reason. 'The bank is a major component of many equity and mixed-asset funds. In some cases, it takes up over 15 per cent of a portfolio's ...

  3. HSBC plan on track but euro zone vexes

    Posted May 18th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com HSBC is on track to meet the goals of its three-year turnaround plan but is worried about the unfolding crisis in the euro zone. The bank yesterday said ... assets and improve efficiency this year, after hiving off 28 of its business operations since last year. 'This is the biggest reshaping and redesign of HSBC that has happened in the 32 years ...

  4. HSBC tied to fake Sevens tickets

    Posted Mar 28th 2012, 12:00am

    ... John Carney john.carney@scmp.com Police are investigating allegations that some fake tickets for the Hong Kong Sevens rugby tournament were given by HSBC to its official clients, organisers said yesterday. The bank, a co-sponsor of the event along with Cathay Pacific Airways, denies passing out phoney tickets. Rumours circulated over the weekend that tickets HSBC had given ...

  5. HSBC maintains its hold on mortgage market

    Posted May 13th 2011, 12:00am

    ... HSBC maintained its leading share in the mortgage market last month, with 27 per cent of all registrations, for the fifth straight month, according to mortgage consulting company mReferral. Bank of China was second with 25 per cent, followed by Hang Seng, Standard Charted and Bank of East Asia. The top two accounted for more than half of the market. There were 12,945 mortgage ...

  6. HSBC leads push past 24,000-point barrier

    Posted Jan 13th 2011, 12:00am by Amanda Lee

    ... Amanda Lee The benchmark Hang Seng Index yesterday pushed past the 24,000-point mark as investors reached out for safe-haven stocks, loading up on index heavyweight HSBC Holdings and other large caps. HSBC, which is also listed in London, rose more than 2 per cent on Tuesday, following Japan's announcement it would buy euro-zone bonds, joining China in helping to ease ...

  7. HSBC bullish on SME lending after 60pc surge

    Posted Nov 23rd 2010, 12:00am by Anita Lam

    ... Meanwhile, HSBC's yuan trade settlement turnover exceeded 20 billion yuan (HK$23.35 billion) by the middle of this month. Chan said the bank had seen a steady growth trend since the yuan ...

  8. HSBC targets significant amount from A-share float

    Posted Jun 10th 2010, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai HSBC Holdings is looking to raise a significant amount of capital from the A-share market to finance its ambitious expansion plan on the mainland. Chief executive ... strategy in China- the growth strategy. We'll execute the strategy.' HSBC's outlets on the mainland had jumped from 35 in 2007, when it was locally incorporated, to 100 and the bank ...

  9. HSBC tests waters for Shanghai listings

    Posted Aug 11th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu The possibility of HSBC Holdings becoming the first foreign business to sell shares in Shanghai has been the talk of the town among fund managers and analysts since reports last ... the deal will affect existing shareholders. HSBC has many fans, not only among the fund managers but also retail investors, insurers and pension funds. As the mainland is still a closed market, ...

  10. HSBC to raise service charges

    Posted Jan 03rd 2009, 12:00am by Staff Reporter

    ... Ng Kang-chung HSBC is raising the fees for over 30 of its services next month, with some doubling in price, citing changes to the market. For credit card holders who do not settle the total outstanding balance on time, the financing charge will be 2.33 per cent a month - up from 2 per cent - or 31.86 per cent a year. Charges for changing coins and replacing passbooks ...




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