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  1. Magazines - Style

    Anita Fung: The HSBC chief executive who broke through the glass ceiling

    Posted Oct 09th 2012, 12:00pm by Jane Moir

    ... HSBC's first female CEO for Hong Kong in September last year, she inherited a hot seat. The lender had just announced 3,000 job cuts in Hong Kong and the pressure was on to ramp-up ... at HSBC, being the group's flagship business," she says.  She derives a certain amount of pride at being a home-grown talent, given the bank's 150-year history in the city. ...

  2. China the key to HSBC's success

    Posted Mar 09th 2012, 12:00am

    ... HSBC says the worst is nearly over for the restructuring of its operations in Hong Kong. Generally that is true for the bank as a whole. Most of its woes from the financial crisis stemmed from the US$15.5 billion purchase of a US subprime retail mortgage lender responsible for accumulated losses of US$50 billion. HSBC has been running this business down to the extent ...

  3. Corporate bonds good bet for 2012, says HSBC

    Posted Dec 15th 2011, 12:00am

    ... and other emerging markets - HSBC analysts say. Low valuations and solid company earnings made them good options for long-term investors, they say. Short-term investment turbulence and the euro-zone crisis would continue to roil markets in the near future, said HSBC's global chief investment officer for wealth, Simona Paravani. But an extremely adverse outcome, such as a break-up ...

  4. HSBC mortgage deal helps sale in HK of Tokyo flats

    Posted Feb 23rd 2011, 12:00am by Peggy Sito

    ... mortgage arrangement between HSBC and Mitsui Fudosan helped non-Japanese to buy property in Japan, he said. Under the arrangement, HSBC would offer mortgages for non-Japan residents living ...

  5. HSBC wants to lead move to yuan

    Posted Jun 29th 2010, 12:00am by Sophie Yu

    ... Sophie Yu HSBC wants to be at the forefront of the drive to encourage more businesses to use the yuan. John Coverdale, HSBC's group general manager and global co-head of commercial banking, said yesterday the bank would help customers increase their dealings in yuan. 'We have issued bonds and begun insurance purchased with yuan,' Coverdale said. HSBC had been ...

  6. HSBC signs 27-floor Guangzhou lease deal

    Posted Mar 24th 2010, 12:00am by Sandy Li

    ... Sandy Li HSBC has agreed to lease up to 27 floors of a grade-A office development in Guangzhou in a signal that the giant bank plans to consolidate its operations in southern China. At a ceremony in Hong Kong, Peter Wong Tung-shun, the chief executive of HSBC Asia-Pacific, signed a leasing agreement to take up more than 766,000 square feet of gross floor area at Swire ...

  7. HSBC to charge fee for late mortgage payments

    Posted Oct 03rd 2009, 12:00am by Anita Lam

    ... HSBC will charge a penalty of HK$400 for delays in mortgage repayments from December. It has also increased the fee for online transfers to another bank from HK$10 to HK$30. Meanwhile, Hang Seng Bank has imposed a HK$50 levy on holders of new bank accounts that are closed in less than three months. For premium accounts the levy will be HK$200. Citibank's fees freeze ...

  8. HSBC brings home positive message for Hong Kong

    Posted Oct 06th 2009, 12:00am by Frank Ching

    ... Frank Ching The Hong Kong government is really pleased that HSBC is relocating its group chief executive, Michael Geoghegan, back here 16 years after moving the bank's headquarters ... been originally established in 1865 in Hong Kong and Shanghai, the Hongkong and Shanghai Banking Corporation created HSBC Holdings in 1990, seven years before the handover, and, in 1993, ...

  9. Ex-HSBC Peak house a bargain compared with Mid-Levels flat

    Posted Oct 17th 2009, 12:00am by Enoch Yiu

    ... The appropriately named 20,000 square foot colonial-style mansion used to sit at the very top of the Peak and housed HSBC's taipans before being sold for HK$85 million in 1991. That works out ... Then HSBC chairman William Purves sold Skyhigh in 1991 for, in HK$: $85m This compares with luxury duplex at 39 Conduit Road sold this week for, in HK$: $439m ...

  10. HSBC to boost SME loan fund to HK$12b

    Posted Jun 25th 2009, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings, citing increasing demand and improved government programmes, said it was adding HK$4 billion to its loan fund for small and medium-sized enterprises, bringing ... markets, was stabilising. HSBC, Hong Kong's largest lender, said it had approved HK$7.9 billion in loans to 4,125 SMEs since the fund was launched in December. The original HK$4 billion ...




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