Stock has lost 37 per cent, or about US$822 million in market value, since late November as a management shake-up failed to ...

Beijing’s growing clout in the artificial intelligence space has sparked a wave of optimism toward Chinese tech shares, with a gauge approaching a technical bull market and brokers issuing upbeat ...

Netting’ cut Philips’ cross-border transactions from 4,000 yearly to just one a month. HSBC has launched a cross-currency netting solution in China that helped Koninklijke Philips NV — known globally ...

Geopolitical tensions came to a head for HSBC in May 2023 when its then-biggest shareholder Ping An Insurance of China lobbied for the bank to spin off its Asian business, a proposal ultimately ...

HSBC has unveiled plans to slash chunks of its investment bank across Europe and America, as bosses seek to focus increasingly on China. Europe’s biggest bank has told staff it plans to axe ...

The latest strategy shift comes after some shareholders in Asia argued that the £146bn bank should relocate to China and reduce its focus on London. Tensions led to Chinese insurer Ping An, HSBC ...

head of wealth and personal banking in Hong Kong at HSBC. About two-thirds of Hongkongers said that having a mainland bank account would be convenient when travelling in China, but almost 70 per ...

HSBC Holdings Plc is turning bullish on Chinese stocks listed in Hong Kong, touting them as beneficiaries of more “favorable policy rhetoric” in mainland China and a better outlook for the ...

Now HSBC’s new chief executive, Georges Elhedery, seems to be heeding one of the tried and tested lessons of investment banking: like heading a football, if you are not absolutely committed to the ...