Hsbc Insurance | South China Morning Post
  • Fri
  • Feb 27, 2015
  • Updated: 10:01pm

Hsbc Insurance

HSBC to hive off more non-core assets

HSBC said it was in talks to sell its operations in Colombia, Peru, Uruguay and Paraguay, part of the bank's strategy to streamline operations and dispose of non-core assets under the leadership of chief executive Stuart Gulliver.

Friday, 11 May, 2012, 12:00am

Identity sold for a quick profit

A sense of identity rooted in history is an essential element in any institution's or country's long-term success. The great crime of the Communist Party, notably but not exclusively during the Cultural Revolution, was to create a huge chasm between China and its past.

18 Mar 2012 - 12:00am

Cost-cutting plan does little for HSBC shares

Investors have snubbed HSBC's multibillion-dollar cost-cutting plan, with the announcement failing to push up the price of its long-underperforming shares.

HSBC shares closed at HK$81 on Friday after trading between HK$80.55 and HK$83.05 in the days since the lender unveiled on May 11 its biggest cost-slashing plan. On May 9, the shares closed at HK$84.

22 May 2011 - 12:00am

HSBC cost-cutting plan might affect Asian operations

HSBC's largest cost-slashing plan yet will squeeze its operations in the United States, Europe and Latin America hard, but Asia and the Middle East may not completely escape the cuts if the global lender wants to meet its aggressive target.

14 May 2011 - 12:00am

HSBC, Hang Seng join peers in cutting MPF fees

HSBC Insurance and Hang Seng Bank, which together have 33 per cent of the Mandatory Provident Fund market, have joined their competitors in cutting fees on four funds by 0.1 percentage point to 0.7 percentage point.

3 Oct 2007 - 12:00am

HSBC stake disposal nets investor US$55m

An institutional investor cashed out from HSBC Holdings through a private share placement yesterday to capitalise on gains from the recent strength in the bank's share performance after an announcement of a new substantial shareholder.

21 Apr 2007 - 12:00am

HSBC Insurance teams up with mainland firms

HSBC Insurance Brokers will form a joint venture with two mainland companies to offer insurance broking and risk management services to domestic and foreign clients.

The firm said yesterday it would be the first foreign-invested joint venture in China with a licence to offer insurance services to domestic customers.

31 Oct 2003 - 12:00am

HSBC to expand online

The SAR's biggest bank HSBC is keen to roll out online business banking in the mainland market after it launches services for retail customers next year.

HSBC head of trade services Alan Wilkinson said the bank wanted to extend its Hong Kong Internet banking to mainland customers.

3 Dec 2002 - 12:00am

PBOC approves HSBC Asset's Shanghai office

HSBC Asset Management Hong Kong yesterday said it had central People's Bank of China (PBOC) approval to open a fund management representative office in Shanghai. The office would conduct mainland stock and company research and assist HSBC Asset Management's fund management teams in Hong Kong.

23 Jun 1998 - 12:00am

HSBC moves into publishing venture

Hongkong Shanghai Banking Corporation (HSBC) has entered the commercial publication market with the release of a 200-page book through a joint-venture with publishers EFP International (HK).

The bank has launched HSBC Guide to Cash Management in Asia 1998 which contains more than 35 articles written by leading cash management professionals in the region.

3 Dec 1997 - 12:00am

Hongkong Bank strikes deal

Hongkong Bank has signed an agreement with Royal & Sun Alliance Insurance Group to enable the bank to provide non-life insurance products to customers in the Asia-Pacific region.

Under the agreement, Royal Sun Alliance's insurance products will be sold through the branches of the HSBC group.

2 May 1997 - 12:00am

Principal HK launch

Principal Insurance International, the Hong Kong subsidiary of the United States insurance giant, will focus on employee benefit products when it launches in the territory.

Principal is one of only a handful of companies to be issued with a local licence over the past decade.

15 Aug 1996 - 12:00am

Insurance group formed

EAGLE Star President Life Insurance, a joint venture life assurance company, was launched yesterday by Eagle Star of Britain and Taiwan's President Enterprises.

The joint venture has a start-up capital of NT$2.6 billion (about HK$777 million).

28 Mar 1995 - 12:00am

HSBC Asset Management venture to invest $200m

A JOINT-VENTURE company involving HSBC Asset Management says it has about $200 million for investment.

The venture, HSBC Wywy Investments, is the first HSBC Group joint venture with a non-financial institution.

The new company will be seeking investment opportunities for third parties in East Asia and across to the sub-continent.

2 Nov 1994 - 12:00am