https://www.scmp.com/rss/523393/feed The latest news and top stories on Diana Cesar, the deputy chairman of HSBC's Hong Kong business since October 1, 2025. She has been the Executive Director and Chief Executive Officer of Hang Seng Bank since September 2021. Previously, she was Chief Executive of HSBC Hong Kong. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Cheryl Arcibal Cheryl Arcibal Hong Kong is riding a 10-month high in transactions involving upmarket real estate deals, with former chairman and CEO of Alibaba Group Holding Zhang Yong joining the wave after purchasing a luxury home in Mid-Levels for HK$53.54 million (US$6.89 million). In the first 20 days of October, 78 first-hand private residential sales priced between HK$30 million and HK$49.99 million were registered, according to Land Registry data. “This represents a 24 per cent increase from the 63 transactions for... https://www.scmp.com/business/article/3330471/hong-kong-sees-10-month-high-upscale-home-sales-former-alibaba-ceo-joining-wave?utm_source=rss_feed https://www.scmp.com/business/article/3330471/hong-kong-sees-10-month-high-upscale-home-sales-former-alibaba-ceo-joining-wave?utm_source=rss_feed Mon, 27 Oct 2025 09:28:47 +0000 Cheryl Arcibal,Salina Li Cheryl Arcibal,Salina Li Hang Seng Bank chief operating officer Vivien Chiu Wai-man has paid HK$40 million (US$5.14 million) for a 1,651 sq ft luxury flat in Happy Valley, joining a growing list of top business executives and affluent residents who are buying high-end real estate in Hong Kong amid an improving property market. The flat in Beverly Hill on Broadwood Road was handed over to Chiu on October 6, according to Land Registry records. Chiu paid HK$24,228 per square foot for the flat, which was a record this year... https://www.scmp.com/business/banking-finance/article/3328392/hang-seng-bank-coo-pays-us514-million-luxury-flat-happy-valley?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328392/hang-seng-bank-coo-pays-us514-million-luxury-flat-happy-valley?utm_source=rss_feed Thu, 09 Oct 2025 10:04:32 +0000 Bloomberg Bloomberg HSBC Holdings has taken the unusual step of getting directly involved in pushing its Hong Kong subsidiary, Hang Seng Bank, to offload portfolios of bad real estate debt, underscoring growing concerns over the city’s struggling property sector. About two months ago, the lender directed its London-based global chief corporate credit officer and the head of its special credit unit to ensure Hang Seng started a process of selling portfolios, according to people familiar with the matter, who asked... https://www.scmp.com/business/banking-finance/article/3326802/hsbc-asks-hang-seng-bank-clean-bad-hong-kong-property-debt?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3326802/hsbc-asks-hang-seng-bank-clean-bad-hong-kong-property-debt?utm_source=rss_feed Thu, 25 Sep 2025 06:29:59 +0000