Express News | Information from the Hong Kong Exchange shows that Hsbc Holdings' stake in Midea Group's H-shares decreased from 5.02% to 4.49% on November 10.

BreakingsNov 14 17:04

Andrew Wild, CEO of HSBC Europe, will step down at the end of this year for family reasons.

Hsbc Holdings (00005.HK) announced on Thursday that its Chief Executive for Europe, Andrew Wild, will step down at the end of this year for family reasons. Deputy Chief Executive Christopher Davies will temporarily assume the role of Chief Executive for Europe starting from December 31. Hsbc did not disclose further details. The bank stated that under Wild's leadership, the fundamental profitability of the regional business was successfully improved, laying a solid foundation for future growth. The bank emphasized that the European market remains a key component of Hsbc's international network and an important part of the group’s growth strategy.

AASTOCKSNov 14 00:44

U.S. Stock Insights | Sony’s earnings beat expectations, and plans to launch a lower-priced version of the PS5 in Japan drove its shares up nearly 4% overnight to a record high; BeiGene surged nearly 10%, with revenue rising sharply year-over-year and pro

On Holding surged nearly 18% overnight after releasing its Q3 earnings report and raising its full-year performance outlook.

Futu NewsNov 13 18:06

Banks’ Blockchain Surge: Tokenized Deposits Become a New Global Financial Battleground

From 'debanking' to 'banks on-chain,' the narrative of digital currencies over the past decade has been dominated by 'decentralization.' Bitcoin challenged the sovereign monetary system, stablecoins reshaped the logic of payments, and decentralized finance (DeFi) once made banks appear slow and cumbersome. However, starting in 2024, the balance seems to be reversing—banks are making a comeback. They are no longer arrogantly standing aside but are instead using 'tokenized deposits' as a tool to reclaim dominance in the digitization of money. Tokenized deposits are not a new currency but an on-chain representation of bank deposits. Each token represents a real account balance, possessing the on-chain fluidity of stablecoins.

PANewsNov 13 14:00

HSBC completes the first cross-bank transaction on EnsembleTX.

HSBC announced the completion of a Hong Kong dollar tokenized deposit cross-border transfer for its client Ant International, marking one of the first transactions under the Hong Kong Monetary Authority's Ensemble project since it entered the pilot phase, known as EnsembleTX. This milestone represents another significant development in Hong Kong’s digital currency ecosystem. HSBC has taken the lead in integrating its tokenized deposit service, launched earlier this year, into the EnsembleTX interoperability platform, enabling real-time cross-bank transfers of tokenized deposits. In the first transaction processed, HSBC assisted Ant International in transferring 3.8 million Hong Kong dollars of tokenized deposits to a wallet held at another local bank.

AASTOCKSNov 13 13:56

HSBC Executive Barry O'Byrne Sells Shares Worth Over £1 Million

TipRanksNov 13 02:17