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HSBC Holdings (00005.HK) has repurchased 344,800 shares on the Hong Kong Stock Exchange, spending approximately $27.18 million. The shares were acquired at prices between $78.55 and $78.95, with a weighted average price of about $78.82 per share.
HSBC Holdings experienced a rise on Tuesday; however, it still underperformed compared to the broader market. The stock's performance highlights ongoing challenges despite the uptick in value. Investors remain cautious as they assess the bank's future prospects.
UBS Group has recently stopped accepting certain bonds and shares of Hong Kong property developer New World Development as collateral for margin loans, following similar actions by Citigroup and HSBC. The company, owned by billionaire Henry Cheng, has faced governance issues and reported an annual loss in 2024, compounded by a significant debt of HK$199 billion.
The HSI closed at 20,106, up 180 points, while the HSTI rose 98 points to 4,693. Notable gainers included SUNNY OPTICAL, which surged over 7%, and several companies like SMIC and HSBC HOLDINGS reached new highs. Overall consumer prices in Hong Kong increased by 1.4% year-on-year last month, with an underlying inflation rate of 1.3%.
The HSI closed at 20,106, up 180 points, while the HSTI rose 98 points to 4,693, with market turnover reaching $147.98 billion. Notable gainers included SUNNY OPTICAL, up 7.3%, and SMIC, which hit a new high with a 6.3% increase. Heavyweights like MEITUAN and CCB also saw gains, while TENCENT dipped 0.6%.
UBS has ceased accepting certain bonds and shares of Hong Kong property developer New World Development as collateral for margin loans, following similar actions by Citigroup and HSBC. The company, facing governance issues and a significant annual loss in 2024, has the highest debt among its Hong Kong peers at HK$199 billion.
UBS has halted margin lending on certain securities of Hong Kong property developer New World Development, following similar actions by Citigroup and HSBC. The company, facing governance issues and a significant debt of HK$199 billion, reported an annual loss in 2024. Heir Adrian Cheng recently stepped down as CEO, with his successor resigning shortly after.
UBS has ceased accepting certain bonds and shares of Hong Kong's New World Development as collateral for loans, following similar actions by Citigroup and HSBC. The company, facing governance issues and a record debt of 199 billion Hong Kong dollars, reported a full-year loss in 2024. CEO Adrian Cheng stepped down in September, with his successor resigning shortly after.
UBS has ceased margin lending on certain securities of Hong Kong property developer New World Development, following similar actions by Citigroup and HSBC. The company, facing governance issues and a significant annual loss in 2024, has the highest debt among its peers at HK$199 billion.
Minister of Economy and Planning Faisal Alibrahim met with HSBC Holdings Chairman Mark Tucker during the World Economic Forum Annual Meeting 2025 in Davos. Their discussion centered on global financial developments and potential investment opportunities in Saudi Arabia.
HSBC HOLDINGS
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