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Asia

HSBC sets aside US$1 billion for first share buy-back since October

Business - South China Morning Post · 1h ago · 🇨🇳 China

HSBC sets aside US$1 billion for first share buy-back since October

HSBC, the top lender in Hong Kong, on Tuesday resumed its share repurchase programme, earmarking US$1 billion to buy back shares over the next three months, its first since October, according to a stock exchange filing. The bank said in October it had to pause share buy-backs for three quarters to conserve capital for its US$14 billion acquisition of subsidiary Hang Seng Bank. The market had widely expected HSBC to resume repurchases in the July-to-September quarter, with estimates ranging from...

Read the full story at Business - South China Morning Post →

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