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  1. News - Hong Kong

    HSBC to make life easier for customers withdrawing cash abroad

    Posted Oct 07th 2013, 10:09pm by Howard Winn

    ... Howard Winn howard.winn@scmp.com The wait is over for HSBC’s long suffering customers who have been unable to withdraw cash in many countries, particularly outside Asia, using their ATM cards. HSBC will announce on Tuesday that customers can start applying for a new ATM card that uses the Plus payment network, which can be used in addition to the bank’s current ATM cards ...

    http://www.scmp.com/news/hong-kong/article/1326680/hsbc-make-life-easier-customers-withdrawing-cash-abroad
  2. Comment - Blogs

    HSBC strikes again as overseas withdrawal problems continue

    Posted Sep 08th 2013, 09:38am by Anna Healy Fenton

    ... from an HSBC ATM machine in Taunton in England. That led to the discovery of two things which have driven HSBC customers nuts this summer: firstly, that the bank had reset everyone’s overseas ... The other thing HSBC did was to ditch Plus and Cirrus in favour of the cheaper mainland China clearing house UnionPay, which operates chiefly in China. And despite the bank’s protestations ...

    http://www.scmp.com/comment/blogs/article/1306100/hsbc-strikes-again-overseas-withdrawal-problems-continue
  3. Business - Money

    Chart of the day: Mind the funding gap

    Posted Oct 09th 2014, 05:43am by NICK EDWARDS

    ... Nick Edwards Chart of the day: Mind the funding gap It is no secret that finance in the mainland economy is skewed towards state-owned enterprises (SOEs). What is not quite so readily understood is that it puts SOE profits at risk when the interest rate cycle turns. Analysts at HSBC calculate privately owned enterprises (POEs) have had a fairly stable interest cost-profit ratio ...

    http://www.scmp.com/business/money/markets-investing/article/1612287/chart-day-mind-funding-gap
  4. Kraton continues to strengthen position as SBC market leader

    Posted Oct 08th 2014, 03:43pm

    ... which it is constructing a 30-kilotonne hydrogenated styrenic block copolymer (HSBC) plant at Formosa Petrochemical's Mailiao site. Today, more than 20 per cent of Kraton's revenue comes from important Asian markets, reflecting its diverse HSBC product offering and its one-of-a-kind Cariflex isoprene rubber and isoprene rubber latex products. The company's HSBC ...

    http://www.scmp.com/article/1612119/kraton-continues-strengthen-position-sbc-market-leader
  5. Business - Economy - ECONOMY

    China’s factory sector shows signs of steadying

    Posted Sep 30th 2014, 12:28pm by Reuters

    ... showed yesterday, easing fears of a hard landing but pointing to a still-sluggish economy facing considerable risks. The final HSBC/Markit manufacturing purchasing managers' index hovered ... in September suggests that manufacturing activity continues to expand at a slow pace," said Qu Hongbin, the chief economist for China at HSBC. "We think the risks to growth are still ...

    http://www.scmp.com/business/economy/article/1604489/chinas-factory-sector-shows-signs-steadying
  6. Business - Comment - LAI SEE

    Leung needs wow factor to defuse umbrella movement

    Posted Oct 17th 2014, 05:29am by Howard Winn

    ... demands for universal suffrage. He needs to think big and come up with something that will wow people. But we are not holding our breath.   Old habits A reader has pointed out that although HSBC Holdings and Hang Seng Bank announced their dividends at the same time, HSBC paid its shareholders a month later than Hang Seng. Another way of hanging on to your money longer than necessary ...

    http://www.scmp.com/business/article/1617905/leung-needs-wow-factor-defuse-umbrella-movement
  7. Business - Comment - JAKE'S VIEW

    HSBC of today lacking in vision that had helped it grow

    Posted Aug 08th 2013, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp jake.vanderkamp@scmp.com The banking giant is searching for ways to achieve earnings per share growth, but using the lean and mean strategy may be difficult HSBC of today ... is unchanged and our priorities are clear." Stuart Gulliver HSBC group chief executive SCMP, August 6 Back in the days when I worked as an investment analyst, this was the sort of statement ...

    http://www.scmp.com/business/article/1295158/hsbc-today-lacking-vision-had-helped-it-grow
  8. Comment - Blogs

    HSBC backs down over ATM cards that leave customers stranded overseas

    Posted Jul 26th 2013, 12:20pm by Anna Healy Fenton

    ... Anna Healy Fenton anna.fenton@scmp.com After a summer of complaints from frustrated and often angry customers unable to withdraw cash overseas with the new UnionPay ATM cards, HSBC has ... will bring a sigh of relief to HSBC customers who are caught cash-less overseas because their new HSBC ATM cards linked to the China-based UnionPay bank clearing system are much less widely accepted ...

    http://www.scmp.com/comment/blogs/article/1291142/hsbc-backs-down-over-atm-cards-leave-customers-stranded-overseas
  9. Business - Banking & Finance - BANKING

    Massive revamp may squeeze HSBC returns

    Posted Aug 06th 2013, 12:00am by KANIS LI

    ... squeeze HSBC returns Massive restructuring by banking giant HSBC could be about to hit the point of diminishing returns after 2-1/2 years of strategic overhaul. "The market's expectation on HSBC is too high," Ian Gordon, an analyst at Investec in London, told the South China Morning Post after the bank unveiled first-half pre-tax profit of US$14.1 billion yesterday ...

    http://www.scmp.com/business/banking-finance/article/1294556/massive-revamp-may-squeeze-hsbc-returns
  10. Comment - Insight & Opinion - LEADER

    Can HSBC find profit growth in Pearl River Delta?

    Posted Aug 10th 2013, 12:00am by SCMP Editorial

    ... SCMP Editorial Can HSBC tap Pearl River Delta? HSBC's decision to give up trying to be the world's local bank has, ironically, enabled it to report higher underlying pre-tax profit globally, with the exception of Latin America. Results for the first six months of 2013 revealed the outline of a slimmed-down HSBC after two-and-a-half years of cost-cutting aimed ...

    http://www.scmp.com/comment/insight-opinion/article/1295753/can-hsbc-find-profit-growth-pearl-river-delta

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