Edition:
United Kingdom

Sumeet Chatterjee

Index firms should keep 'watchful eye' on HK regulatory independence - former FTSE chief

12 Nov 2020

WASHINGTON/HONG KONG, Nov 12 Global index providers may need to review Hong Kong's developed market classification if Beijing's interference in the former British colony starts to undermine its regulatory independence, the former head of benchmark giant FTSE Russell said.

Mom-and-pop investors bid record $3 trillion for Ant Group's IPO

30 Oct 2020

HONG KONG Retail investors placed bids for a record $3 trillion of shares in Ant Group Co Ltd's dual listing in an unprecedented show of interest by mom-and-pop savers betting on demand for its financial services in China.

Jittery Wall Street banks 'war game' the election with drills, client calls, special pollsters

30 Oct 2020

NEW YORK/HONG KONG Large Wall Street banks have been running "war game" drills in their trading businesses and preparing clients for unexpected scenarios around the U.S. election next week, hoping to avoid liquidity crunches or technical errors as markets react to news of who will be running the White House and Congress, industry sources said.

Exclusive: Julius Baer plans wealth management joint venture in China - sources

30 Oct 2020

HONG KONG/Zurich Swiss private bank Julius Baer Gruppe AG plans to set up business in China in partnership with a local financial firm as part of its strategy to boost growth in Asia, people with direct knowledge of the matter told Reuters.

StanChart warns profit goal pushed back as pandemic bites

29 Oct 2020

HONG KONG/LONDON Standard Chartered posted a smaller-than-expected 40% slide in third-quarter profit as it lowered loan loss expectations linked to the coronavirus pandemic, but warned it would take longer to hit a key profitability target.

HSBC to revamp business model as lower interest rates hit profit

27 Oct 2020

HONG KONG/LONDON HSBC Holdings PLC on Tuesday signalled it would embark on a pandemic-induced overhaul of its business model, seeking to flip its main source of income from interest rate to fee-based businesses. | Video

World News