The authority said each bank was granted a specific quota based on the scale of their business and the lenders in turn would provide yuan-denominated trade financing to their corporate clients. “Subject to the operation of the facility and market demand,

HSBC Holdings Plc has become the second-biggest gainer among banking stocks traded in Hong Kong after rising 15% this year. While it’s now at its most overbought level in two years, options traders remain bullish.

Hong Kong and Singapore have the best performing mobile banking apps in Asia, a global study found, though they lag behind some Western counterparts that do a better job of integrating services from partners into their apps.

Hang Seng Bank Ltd., a Hong Kong lender controlled by HSBC Holdings Plc, recorded a surge in credit impairment on commercial real estate as the city’s economic struggles are starting to spill over on local lenders.

To commemorate the 160th anniversary of HSBC’s founding in Hong Kong, explore some of the defining milestones in the bank’s history through stories from the South China Morning Post archives, and also take a look towards its future.

HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank's ambition for the unit as part of its expansion plans in that country.

HSBC , has laid off around 40 investment bankers in Hong Kong, according to a person with direct knowledge of the matter, as part of a global restructuring exercise at the Asia-focused lender to cut costs.

With only top eight making final leg of Challenger Series in Poland in April, city’s men need much better showing in Cape Town this weekend.

HSBC expects to incur $1.8 billion in expenses by the end of next year related to an overhaul initiated by its new CEO to cut long-term costs and boost profits while navigating diverging interest rate policies and geopolitical turmoil.

City’s men’s team sink to shock loss, before Canada defeat leaves them bottom of pool and battling to limit damage on Sunday.

People gather at a promenade in Hong Kong, watching and filming fog hanging over Victoria Harbour. Video credit: Archie Tsai, Instagram/archie711.

The job cuts in HSBC's regional hub Hong Kong started on Monday, where at least four managing directors were let go, with three of them based in Hong Kong and one in Singapore