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  1. HSBC plays down its role in minibond sales

    Posted Dec 31st 2008, 12:00am by Joyce Man

    ... Joyce Man HSBC yesterday played down its role in the minibonds issue, stressing that as the director of the issuing entity, its responsibilities were merely administrative. The bank was responding to a recent disclosure that it was the director in addition to being the trustee of Pacific Finance International, which issued the minibonds. HSBC US is the trustee of the minibonds ...

  2. Expect bloody fight over HSBC in derivatives market

    Posted Mar 21st 2009, 12:00am by Shirley Yam

    ... with Shirley Yam In the past 10 days, HSBC shares have put on a 25 per cent rebound. Very attractive indeed. In case you are amazed or even tempted to join the cause, read this. Scene one: On March 10, a tai-tai called up her private banker, saying she would like to buy several million US dollars worth of HSBC April put options at HK$25 each. In layman's terms, she was offering ...

  3. HSBC chief says worst of downturn is over

    Posted Nov 11th 2009, 12:00am by Staff Reporter

    ... Maria Chan and Neil Gough HSBC Holdings executives said yesterday conditions were improving at the bank and in the world economy. Group chief executive Michael Geoghegan said the worst ... years, showed signs of improvement, HSBC said. Total loan loss provisions declined in the third quarter from earlier in the year and were at their lowest quarterly level since the second quarter ...

  4. HSBC boosts presence with more village banks

    Posted Aug 31st 2009, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai HSBC Holdings, the parent of Hongkong & Shanghai Banking Corp, plans to open two more 'village banks' on the mainland this year as it tries ... operated by HSBC in the country's rural districts to seven, the biggest such network of all overseas lenders, Mr Yorke said. Foreign-funded village banks are separately incorporated legal ...

  5. HSBC becomes first non-mainland bank to issue yuan bonds in HK

    Posted Jun 26th 2009, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings sold 1 billion yuan (HK$1.13 billion) worth of yuan-denominated bonds in Hong Kong yesterday to become the first foreign bank to sell yuan paper in the city. The sale, by HSBC's mainland unit, was only available to institutional investors, although the lender plans retail sales at a later stage. The two-year bonds carry a floating coupon rate of 38 ...

  6. HSBC plans 2b yuan bond sale for retail investors

    Posted Aug 05th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu and Maria Chan HSBC Holdings' mainland unit plans to sell as much as 2 billion yuan (HK$2.27 billion) worth of yuan bonds to retail investors from August 18 to September 4, ... Bank's retail yuan bond at 2.45 per cent and may match Bank of East Asia's yuan bond priced at a coupon rate of 2.8 per cent per year. HSBC in June became the first lender to float a yuan ...

  7. HSBC pledges HK$4b for small firms

    Posted Dec 08th 2008, 12:00am by Carol Chan

    ... Carol Chan Hong Kong companies to benefit from US$5b global loan fund HSBC has committed HK$4 billion for loans to small and medium-sized businesses in Hong Kong as part of a US$5 billion ... The rest will go to supporting other key HSBC SME markets. 'This is a difficult time for business in many economies. Customers are rightly looking to see how banks can help,' said Michael ...

  8. Brokerage cuts estimate on capital need at HSBC

    Posted Feb 18th 2009, 12:00am by Staff Reporter

    ... Natalie Chiu Morgan Stanley scaled back its estimate of HSBC Holdings' funding need by as much as 26 per cent yesterday, about one month after its initial report sparked a selldown on the stock. In a rare move, Morgan Stanley issued a report saying it had revised down the capital requirement at HSBC to between US$20 billion and US$35 billion, after 'extended analysis ...

  9. HSBC expects strong response to HK bonds

    Posted May 16th 2009, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings said bond sales to individual investors doubled in the first four months of the year, indicating increasing demand for quality paper. Peter Wong Tung-shun, an executive director at HSBC Asia-Pacific, expected the proposed Hong Kong government bond would be well received by investors when it was launched in the coming months. The government plans to issue ...

  10. HSBC offers first Islamic bonds to HK investors

    Posted Apr 02nd 2009, 12:00am by Staff Reporter

    ... Maria Chan HSBC has started selling Islamic bonds in Hong Kong, becoming the first bank in the city to offer the service to retail investors. Bruno Lee, the bank's head of liabilities ... capability as a global financial centre', he said. HSBC will place the bonds, also known as sukuk, with investors, with a minimum amount of US$100,000 each. Investors should own assets worth ...




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