Image-conscious China chides its 'unruly' tourists

HSBC

The Hongkong and Shanghai Banking Corporation was founded in Hong Kong on March 3, 1865, and in Shanghai one month later. In 1980, HSBC acquired 51 per cent of Marine Midland Bank, buying the rest in 1987. HSBC Holdings was established in Britain in 1991 as the parent of The Hongkong and Shanghai Banking Corporation ahead of its purchase of the UK-based Midland Bank and the impending 1997 transfer of sovereignty of Hong Kong from Britain to China.

HSBC and Standard Chartered among first Shanghai free-trade zone banks

10 Sep 2013

HSBC and Standard Chartered are expected to be among the first batch of foreign banks to offer a wide range of banking services in the mainland's first free-trade zone, in Shanghai, with Beijing...

7:53AM

HSBC strikes again as overseas withdrawal problems continue

8 Sep 2013

I can’t believe that six months down the track I’m still writing about this. It was back at Easter when I first tried, and failed to extract money from an HSBC ATM machine in Taunton in England....

4:47PM

9 comments

Can HSBC find profit growth in Pearl River Delta?

10 Aug 2013

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.

4:19AM

HSBC of today lacking in vision that had helped it grow

8 Aug 2013

"In May 2013, we set out our plans for the next phase of delivering our strategy, covering the period from 2014 to 2016. Our strategic direction is unchanged and our priorities are clear."

3:50AM

3 comments

Hong Kong shares close down 1.3pc, HSBC dives on earnings

6 Aug 2013

Hong Kong shares suffered their heaviest daily loss in a month on Tuesday, pulled down by a 5 per cent tumble for index heavyweight HSBC after its first half earnings disappointed investors.

4:54PM

Investors punish HSBC shares after interim result

6 Aug 2013

Shares in HSBC Holdings dipped almost five per cent on Tuesday morning after interim earnings fell short of market expectations and on news that the bank might face a US$1.6 billion US lawsuit.

1:01PM

Opinion

Alex Lo

Rankings belie the real purpose of universities: to educate

4 comments

12:54AM

Howard Winn

Way to go

2:01AM

Massive revamp may squeeze HSBC returns

"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...

11:23PM

2 comments

HSBC shares set to fall in Hong Kong after profits miss forecasts

Asian investors are poised to sell HSBC stock when Hong Kong markets open this morning, despite an insistence from the global banking giant that its restructuring efforts remain firmly on track...

2:43AM

HSBC closes bank accounts of 40 diplomatic missions

HSBC has told dozens of foreign missions in London that it will close their bank accounts, an official said yesterday. The news has sent diplomats across the capital scrambling to find a new place...

4:47AM

RESULTS

HSBC likely to see substantial fall in profit

Eleven analysts, on average, estimated the bank's pre-tax profit would fall 26.7 per cent to US$6.16 billion, a Bloomberg survey found. The banking giant will post its interim results today after...

3:59AM

HSBC backs down over ATM cards that leave customers stranded overseas

After a summer of complaints from frustrated and often angry customers unable to withdraw cash overseas with the new UnionPay ATM cards, HSBC has finally relented.

3:40PM

15 comments

BlackRock says executive turned down RBS offer

BlackRock said its head of Asia Pacific operations, Mark McCombe, has rejected an offer to take the top job at Royal Bank of Scotland Group and will remain with the world’s largest fund manager....

10:26AM