Financial Services

HSBC to sell Ping An stake

Ping An to be divested despite its profitability.

HSBC issues statement re Ping An Insurance

There has been speculation about a possible sale.

Reducing risk not a priority for HK financial leaders

Nearly 2 in 5 financial leaders find one thing more important than reducing risk.

Tsang rejects calls to end peg

There is no better alternative to the HK$ to US$ peg.

Bank of China (Hong Kong) to launch private banking services

You’re entitled if you have at least $2 million to invest.

HKEx underperforms in Q3

Hong Kong Exchanges & Clearing reported a 19% drop in its third-quarter net profit.

Bank of East Asia's SMBC stake increase could trigger short-term re-rating

But BEA has to prove that it has better risk management than its Chinese peers.

Closer Hong Kong-Beijing ties encouraged

Hong Kong and Beijing can make more money together.

Hong Kong banks' margins amongst lowest in Asia

Amazingly, HK banks are stronger than Singapore's.