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hsbc ceo outlines restructuring plans and focus on asia and middle east
HSBC CEO Elhedery announced a restructuring initiative aimed at reallocating $1.5 billion in efficiencies towards growth areas, particularly in investment banking operations in Asia and the Middle East. This strategy follows the bank's exit from key businesses in Europe and the US, reflecting a strong momentum for HSBC. Elhedery shared these insights during an exclusive interview at the HSBC Global Investment Summit in Hong Kong.
Chinese companies poised for increased IPO activity in Hong Kong by 2025
UBS anticipates an increase in share sales by Chinese companies in 2025, with a significant focus on IPOs in Hong Kong. Aaron Oh, head of equity capital markets for Asia-Pacific at UBS, shared insights on this trend during an interview on "Bloomberg: The China Show."
Chinese IPOs expected to dominate Asia Pacific market by 2025
UBS anticipates a significant rise in share sales by Chinese companies, particularly in Hong Kong, by 2025. Aaron Oh, head of capital markets for Asia Pacific at UBS, shared insights on the region's IPO prospects during a discussion with David Ingles and Rebecca Choong Wilkins.
philippine stocks poised for recovery with potential rate cut
Philippine Stock Exchange CEO Ramon Monzon indicated that a quarter-point rate cut by the Bangko Sentral ng Pilipinas could boost the stock market, potentially pushing the index above 7,000 by year-end. This comes amid ongoing uncertainty regarding Donald Trump's policies.
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