https://www.scmp.com/rss/524641/feed The latest news and top stories on Luanne Lim. She is a banking executive with over 25 years of experience, primarily at HSBC, where she served as Chief Executive Officer of HSBC Hong Kong and previously as Chief Operating Officer. Her career includes leadership roles across Asian markets such as mainland China, Vietnam, Malaysia and Indonesia. Lim has championed gender diversity and delivered innovation programmes. She holds positions on various financial committees, including the Hong Kong... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Peggy Sito,Aileen Chuang Peggy Sito,Aileen Chuang HSBC Holdings announced a plan to privatise its Hang Seng Bank subsidiary, drawing the curtains on half a century of the unit’s publicly traded status in an unexpected move to simplify its structure amid worsening real estate loans in Hong Kong. The London-based bank would buy all outstanding Hang Seng Bank shares for HK$155 each in cash, or a premium of 30 per cent over the stock’s Wednesday closing price of HK$119, according to a statement to the Hong Kong exchange on Thursday. The Hang Seng... https://www.scmp.com/business/banking-finance/article/3328293/hsbc-announces-plan-privatise-hang-seng-bank?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328293/hsbc-announces-plan-privatise-hang-seng-bank?utm_source=rss_feed Thu, 09 Oct 2025 00:38:20 +0000 Enoch Yiu Enoch Yiu Hong Kong’s three note-issuing banks - HSBC, Standard Chartered and Bank of China (Hong Kong) - will trim their prime lending rates for the first time since December, reducing funding costs and providing some relief to businesses and mortgage borrowers in the city. HSBC and the Hong Kong unit of Bank of China said on Thursday that they would drop their prime lending rates by 12.5 basis points to 5.125 per cent – effective on Friday at HSBC and on Monday at BOCHK. Standard Chartered said it would... https://www.scmp.com/business/banking-finance/article/3325953/hsbc-cuts-prime-lending-rate-first-relief-borrowers-december?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325953/hsbc-cuts-prime-lending-rate-first-relief-borrowers-december?utm_source=rss_feed Thu, 18 Sep 2025 04:19:44 +0000 Enoch Yiu Enoch Yiu The Hong Kong Monetary Authority (HKMA) is set to encourage more mainland banks to set up regional headquarters in the city, while the local bourse operator plans to enhance the listing regime, as the government aims to fortify Hong Kong’s position as an international financial centre, according to Chief Executive John Lee Ka-chiu. In his policy address on Wednesday, Lee also said the government planned to issue more RMB bonds and was considering using renminbi to settle government expenditures... https://www.scmp.com/business/banking-finance/article/3325891/policy-address-2025-hong-kong-unveils-measures-boost-financial-centre-status?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325891/policy-address-2025-hong-kong-unveils-measures-boost-financial-centre-status?utm_source=rss_feed Wed, 17 Sep 2025 11:44:40 +0000