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United Kingdom

Jennifer Hughes

HNA denies embezzlement claims as it fights for control of Hong Kong Airlines

19 Apr 2019

HONG KONG Embattled Chinese conglomerate HNA Group has denied accusations of embezzlement and financial irregularity made by a rival group of shareholders in Hong Kong Airlines (HKA) as the two sides fight for control of the struggling carrier.

Hong Kong Airlines faces more uncertainty as chairman challenges his removal

17 Apr 2019

HONG KONG Hong Kong Airlines, partially owned by China's HNA Group, was thrown into deeper uncertainty on Wednesday after Hou Wei disputed a decision that removed him as chairman and said he was still in charge of the struggling carrier.

Hong Kong Airlines faces more uncertainty as board change disputed

17 Apr 2019

HONG KONG, April 17 Hong Kong Airlines, partially owned by China's HNA Group, was thrown into deeper uncertainty on Wednesday after Hou Wei disputed a board meeting that removed him as chairman and said he was still in charge of the struggling carrier.

Hong Kong Airlines expands board as it seeks fresh funds to survive

16 Apr 2019

HONG KONG Hong Kong Airlines (HKA) ex-director Zhong Guosong has been appointed its chairman as part of a board expansion aimed at turning around the struggling company, formerly controlled by heavily-indebted Chinese conglomerate HNA Group.

Exclusive: HNA-linked Hong Kong Airlines seeks $255 mln from backers to keep licence - sources

12 Apr 2019

HONG KONG Hong Kong Airlines shareholders have demanded to see 2018 accounts before considering providing at least HK$2 billion (£195.2 million) needed to ensure the carrier - part owned by the indebted HNA Group - keeps its licence, two sources said.

Citi sees stronger China wealthy client base in 2019 despite economy slowing

28 Jan 2019

HONG KONG Citigroup expects its China wealth management client base to grow faster in 2019 than last year, at more than 30 percent, the bank's country chief said, despite the world's second-largest economy slowing and feeling the pain of a trade war.

Insurer drops collapse cover for travellers with HNA's Hong Kong Airlines

04 Jan 2019

HONG KONG A Hong Kong insurance provider is to stop offering cover against the possibility of HNA-controlled Hong Kong Airlines folding, according to a notice issued by the insurer to its agents and seen by Reuters.

Insurer drops collapse cover for travellers with HNA's Hong Kong Airlines

04 Jan 2019

HONG KONG A Hong Kong insurance provider is to stop offering cover against the possibility of HNA-controlled Hong Kong Airlines folding, according to a notice issued by the insurer to its agents and seen by Reuters.

Insurer drops collapse cover for travellers with HNA's Hong Kong Airlines

04 Jan 2019

HONG KONG, Jan 4 A Hong Kong insurance provider is to stop offering cover against the possibility of HNA-controlled Hong Kong Airlines folding, according to a notice issued by the insurer to its agents and seen by Reuters.

RPT-HSBC China securities JV to quadruple China research coverage

05 Dec 2018

HONG KONG, Dec 5 HSBC plans to quadruple the number of mainland Chinese companies covered by research from its China joint venture over the next two years as it seeks to take advantage of its headstart as the first international bank to have majority control of its mainland securities firm.

World News