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Born in a rural village in Henan province, Hui Ka-yan, the founder and chairman of troubled ­developer China Evergrande Group, rode a wave of reforms in China’s property market over [...]

China Evergrande Group said its chairman and founder Hui Ka-yan has been placed under so-called “mandatory measures” due to “suspicion of illegal crimes”, hours after the troubled mainland property developer [...]

From a gong ceremony to an actual Hong Kong taxi cruising the streets of London, Hong Kong Exchanges and Clearing (HKEX) sought to announce its presence as it opened the [...]

When London Metal Exchange (LME) chief executive Matthew Chamberlain went to bed on March 7 last year, he believed the nickel market was still acting orderly despite a frenetic period [...]

HSBC Holdings plans to move out of its long-time headquarters in London’s Canary Wharf and downsize to smaller offices in the City of London as it looks to cut costs [...]

The London Metal Exchange (LME) faced a “death spiral” in nickel and its other metals markets, with as many as a dozen of its members at risk of default, if [...]

The London Metal Exchange (LME) had no senior staff on duty monitoring trading in the early morning hours as nickel prices spiked last year before it decided to cancel billions [...]

The London Metal Exchange (LME) made a “wholly unprecedented decision” to cancel nickel trades in March 2022 when it had other less extreme options at hand after a surge in [...]

CK Hutchison Holdings, one of the two flagship companies of Hong Kong’s richest man, Li Ka-shing, said it would merge its UK telecommunications unit with Vodafone’s ­domestic ­business, creating Britain’s [...]

For much of the past year, HSBC, the largest of Hong Kong’s three currency-issuing banks, has faced pressure from its biggest shareholder, Ping An Insurance Group, and a vocal contingent [...]

HSBC and four other large banks broke UK competition law by sharing “competitively sensitive information” in chat rooms while trading British government bonds, according to a provisional finding by Britain’s [...]

The chief executive of the London Metal Exchange (LME) has said the 146-year-old metal trading bourse is making incremental progress in reviving investors’ confidence after last year’s chaos, hoping to [...]

Qianhai Mercantile Exchange (QME), a Chinese commodities trading platform, is working with the London Metal Exchange (LME) to launch battery metal contracts. The bourse, owned by Hong Kong Exchanges and [...]

The Public Company Accounting Oversight Board (PCAOB) said on Wednesday it found an “un­­acceptable rate” of deficiencies as it carried out its first review of audits of mainland firms since [...]

Millions of Britons gathered in a rain-soaked central London ­yesterday to commemorate the coronation of King Charles as part of a long weekend of celebrations and pageantry across the country [...]

HSBC shareholders yesterday rejected a proposal by frustrated minority investors to increase the bank’s dividend payouts and radically change its structure in a major affirmation of the lender’s strategy under [...]

HSBC reported a better-than- expected profit for the first quarter as it seeks to fend off renewed pressure from some shareholders to split it up. The bank, one of Europe’s [...]

Economies in Asia are in a ­“different place” from their Western counterparts as the region continues its economic recovery from the Covid-19 ­pandemic, ac­­cord­ing to Andy Halford, Standard Chartered’s chief [...]

Standard Chartered reported a better-than-expected first-quarter profit, driven by strong growth in its cash management and Asia businesses. The emerging markets-focused lender’s net profit rose by 9.4 per cent to [...]

Investors will be closely watching for any signs of financial stress as well as fresh guidance on the pace of China’s economic recovery as Hong Kong’s biggest banks release their [...]

HSBC Holdings has said a spin-off of its Asian operations through a Hong Kong listing will result in a “material loss of value” for ­investors as the bank rejected claims [...]

Ping An Insurance Group, HSBC’s biggest shareholder, has called for HSBC to separately list its Asian arm in Hong Kong as it continues to push the London-based lender to make [...]

Short video app TikTok has been fined £12.7 million (HK$124 million) by Britain’s privacy watchdog for misusing children’s data over a two-year period. The Information Com-missioner’s Office (ICO) said the [...]

Beijing is making more friendly overtures to the nation’s private sector and foreign companies as it seeks to ­jump-start the world’s second-biggest economy after years of restrictive measures to control [...]

Britain reached an agreement to join an 11-member transpacific trade pact yesterday, a milestone in its efforts to build new trading partnerships since its exit from the European Union three [...]

Lalatech Holdings, operator of the Lalamove on-demand logistics and delivery service, has filed its long-anticipated ­application to go public on the Hong Kong stock exchange. The company did not specify [...]

Hong Kong held onto its fourth-place global ranking in the latest study of the world’s leading ­international financial centres, as the city’s economy continues to recover from three years of [...]

Better data and new technology is needed for central banks to be able to truly judge the risk of ­climate change to financial ­stability, according to bankers and regulators. Speaking [...]

Central bank digital currencies (CBDCs) have an important role to play in future as both an alternative to cash for the general public and as a way to speed settlement [...]

The US$3.25 billion rescue by UBS of smaller Swiss banking rival Credit Suisse could put thousands of jobs at risk, including positions in Asia, as the lender looks to cut [...]

A group of British lawmakers has called for the government to be more aggressive in confronting Beijing and addressing an ­ongoing “threat” posed by China’s rising influence under President Xi [...]

HSBC’s acquisition of Silicon Valley Bank’s (SVB) British arm is set to boost its exposure to high-growth technology and life-sciences companies in a relatively risk-free transaction that will see the [...]

Silicon Valley Bank’s (SVB) global operations are being taken apart after the California-based lender was taken over by ­regulators on Friday, becoming the second- ­biggest bank failure in the history [...]

HSBC said it would pay shareholders the biggest dividend in four years, after the fourth-quarter profit of Hong Kong’s largest bank more than doubled on higher interest rates and improved [...]

Standard Chartered has said its profitability will improve in the next two years, after defying ­headwinds in its China business to report a narrower loss in the fourth quarter. The [...]

Investors will be closely watching for guidance on how the reopening of the mainland border could affect the outlook for Hong Kong’s financial sector as the city’s biggest banks unveil [...]

Legco president Andrew Leung Kwan-yuen yesterday condemned a decision by an association of Commonwealth lawmakers to rescind an invitation for Hong Kong politicians to attend its parliamentary seminar in March, [...]

From a French billionaire to a Dutch semiconductor maker whose parent firm is Chinese, dozens of businesses have found themselves caught in the cross hairs since Britain enacted a law [...]

HutchMed (China), which counts Hong Kong billionaire Li Ka-shing’s flagship company as its biggest shareholder, said it had reached a US$1.1 billion deal to license its colon cancer drug to [...]

Carbon costs need to be priced at a level that more appropriately reflects the damage to the ­environment caused by high- emitting industries and products to incentivise ­consumers and investors [...]

Regulation is desperately needed in the cryptocurrency space to protect against money laundering and other financial crimes, similar to requirements placed on the traditional banking industry, according to a panel [...]

An independent review has ­recommended the London Metal Exchange (LME) tighten its rules to improve its ability to identify and prevent future market ­distortions similar to those that triggered a [...]

Standard Chartered said ­yesterday that it planned to explore strategic alternatives for the future ­ownership of its aviation finance business, including its Pembroke aircraft leasing subsidiary. The aviation business accounts [...]

Chinese conglomerate Fosun International has agreed to sell its stakes in four companies for a combined 6.7 billion yuan (HK$7.6 billion) in the latest series of asset disposals by the [...]

First Abu Dhabi Bank, the biggest bank in the Middle East, confirmed on Thursday it had explored ­previously a potential offer to acquire Standard Chartered. The Gulf bank, whose biggest [...]

HSBC Holdings’ asset management arm in Hong Kong is adding a team of specialists focused on investing in green energy infrastructure assets across Asia as it further expands its alternative [...]

After a tumultuous 2022 that saw its biggest shareholder call for the bank to be broken up, HSBC Holdings could be primed for a positive new year as rising interest [...]

HSBC is to stop financing new oil and gas projects, as well as metallurgical coal mines, as lenders face pressure from shareholders and activists on their climate policies. HSBC said [...]

Britain will seek to establish deeper relationships with traditionally non-aligned countries in Asia and other parts of the world and take a longer-term view of diplomacy as it faces a [...]

After more than four decades of doing business in Canada, HSBC Holdings is calling it quits, extending its retreat from markets around the world deemed ­peripheral to its strategy of [...]