HSBC Holdings Plc announced Tuesday that the company will join an underwriting group of bonds issued by the Bank of Shanghai, becoming the first foreign bank in China to participate the underwriting of yuan-denominated bonds issued by Chinese financial institutions. The Bank of Shanghai plans to ...
NPS Buys HSBC Headquarters for W1.5 Tril.
HSBC has raised its forecast for China's 2009 gross domestic product (GDP) growth to 8.1 percent from the previous projection of 7.9 percent, Stephen Green, chairman of HSBC Group announced at the annual International Business Leaders' Advisory Council (IBLAC) held in Shanghai Sunday. Green said ...
The Hong Kong and Shanghai Banking Corporation Limited (HSBC) and China's Bank of Communications announced Wednesday that after negotiations, the two banks will set up a credit card joint venture. According to the announcement, the joint venture will be based in Shanghai and specialize in credit ...
HSBC Holdings Plc<0005><HBC> is now the leading bidder for the Chinese, Indian and Malaysian retail and commercial banking assets of Royal Bank of Scotland Group Plc, the Wall Street Journal reported, citing a person familiar with the situation as saying.The assets are worth upwards of US$200 million,...
HSBC Holdings PLC<0005><HBC>, the biggest foreign bank in mainland China, announced Monday that its mainland unit, HSBC Bank (China) Co Ltd, issued RMB 2 billion in RMB-denominated bonds to investors in Hong Kong last Friday.The bonds have a maturity of two years and carry a fixed coupon rate of...
BEIJING, Sept 1 - HSBC on Tuesday issued the following breakdown of its China Purchasing Managers' Index (PMI) for August, which rose to a 16-month high of 55.1 from 52.8 in July. For a full...
SHANGHAI, Aug 19 - HSBC Holdings Plc, Europe's biggest bank, is in advanced talks with China's Industrial Securities Co to form an investment banking venture as early as this year, Hong Kong's Apple Daily reported...
HONG KONG, Aug 12 - HSBC Holdings <HSBA.L> <0005.HK> said it had completed a mandatory tender offer and bought an additional 10.08 percent stake in PT Bank Ekonomi Raharja Tbk <BAEK.JK>, raising its stake in...
HSBC Holding Plc, Europe鈥檚 largest bank, is in talks to set up an investment banking joint venture in China, a senior bank executive said, adding that acquisition prospects in Asia are too expensive and that the bank will focus on organic growth. The bank is in talks with potential partners to ...