Sunday, October 25, 2020
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Tag: HSBC

HSBC and Standard Chartered Announce Support for China’s National Security Law, Incur Wrath of UK Politicians

Two leading British banks with operations in Hong Kong have announced their support for the highly controversial National Security Law mooted by...

Bank of Communications Valued at USD$110 Billion by HSBC, over Twice Current Market Capitalisation

Figures from HSBC indicate that one of China's big six state-owned banks is still grossly undervalued by the market.

HSBC Becomes First Foreign Bank to Cooperate with Chinese Central Bank’s Personal Credit Agency

HSBC (China) is set to become the first foreign bank to integrate with the data system of the Chinese central bank's personal...

Hong Kong Monetary Authority Launches Blockchain-based Trade Finance Platform

A consortium of twelve banks including HSBC and Standard Chartered have teamed up with the Hong Kong Monetary Authority (HKMA) to launch a new...

Entry of Foreign Banks Will Benefit Chinese Consumers: HSBC’s Asia Chief

The regional head of HSBC says that China's loosening of the entry requirements for foreign banks will bring major benefits to the country's financial...

HSBC Becomes First Global Bank to Remit Offshore Renminbi Back to China

Beijing is driving further internationalisation of the renminbi, with HSBC emerging as the first international bank to remit the currency back to China from...

HSBC Sees China Accelerating Opening of Bond Market to Overseas Investment

A top HSBC executive sees Beijing stepping up the pace of its opening of the domestic bond market as offshore capital shows greater interest...

HSBC Maintains Buy Rating for BOC, Reduces Target Price

A new report from HSBC Securities maintains a buy rating for Hong Kong stocks of Bank of China (03988), with a reduced target price. HSBC...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...