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Avatr has officially launched the Avatr 11 SUV in Hong Kong, starting at HKD 513,800 ($65,540), as part of its international expansion. The company reported a significant year-on-year sales increase of 82.84%, with 36,164 vehicles sold from January to April. Additionally, the limited-edition Avatr 012 sedan was showcased, co-designed by Nader Faghihzadeh and Kim Jones, targeting a high-end market.
HSBC has launched Hong Kong's first crypto settlement service, enabling corporate clients to conduct blockchain-based transactions efficiently. The platform tokenizes fiat deposits into cryptocurrencies, allowing instant payments in Hong Kong and USD at lower fees. Following its launch, HSBC processed its inaugural transaction with Ant International, marking a significant step in Hong Kong's push to become a global crypto hub.
Singapore's economy grew by 3.9% in Q1 2025, exceeding forecasts due to strong global demand, particularly in wholesale trade and manufacturing. However, the government cautioned about potential risks from renewed U.S.-China trade tensions, maintaining a growth forecast of 0.0 to 2.0 percent for the year. In Hong Kong, a new stablecoin bill has been passed, establishing a licensing regime for issuers and aiming to enhance the city's position as a global digital asset hub. The law mandates compliance with asset management and risk management requirements to protect investors.
HSBC Holdings repurchased approximately 8.78 million shares on May 22, totaling HKD811 million. This included 5.77 million shares in the UK market at a weighted average price of GBP8.7803 and 3.01 million shares on the Hong Kong Stock Exchange at an average price of HKD92.6543.
HSBC Holdings repurchased a total of approximately 7.78 million shares on May 19, with around 4.97 million shares bought in London at prices between GBP8.725 and GBP8.821, totaling about GBP43.62 million. Additionally, 2.82 million shares were acquired on the Hong Kong Stock Exchange at prices ranging from HKD90.8 to HKD91.45, amounting to approximately HKD256 million.
HSBC Holdings plc has repurchased a total of 7,789,266 ordinary shares for cancellation on 19 May 2025, with purchases made on both UK Venues and the Hong Kong Stock Exchange. The total consideration for the buy-back, initiated on 6 May 2025, amounts to approximately US$740.9 million, resulting in an issued share capital of 17,615,961,908 shares with voting rights. Further details on individual trades are available through the provided link.
HSBC repurchased 6.78 million shares for approximately HK$616 million on May 15, with 3.56 million shares bought in the U.K. and 3.22 million in Hong Kong. This buyback is part of the bank's strategy to optimize its capital structure and enhance shareholder value, amid a volatile interest rate environment. Year-to-date, HSBC's stock has risen by 19.72%, significantly outperforming the banking sector's average of 9.1%.
HSBC Holdings repurchased approximately 7 million shares on May 14, totaling HKD629 million. This included 4.6 million shares in the UK market at a weighted average price of GBP8.662 and 2.4 million shares on the Hong Kong Stock Exchange at an average price of HKD90.3682.
HSBC Holdings repurchased approximately 8.39 million shares on May 13, totaling HKD 759 million. This included 5.379 million shares in the UK market at a weighted average price of GBP 8.774, and 3.0076 million shares on the Hong Kong Stock Exchange at an average price of HKD 89.6077.
HSBC Holdings has repurchased 4.97 million shares for a total of HKD 445 million as of May 12. In the UK market, 2.59 million shares were bought back at prices between GBP 8.736 and GBP 8.845, while in Hong Kong, 2.38 million shares were repurchased at prices ranging from HKD 88.1 to HKD 90.6.
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Avatr launches Avatr 11 SUV in Hong Kong expanding international presence
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04:05 30.05.2025
HSBC Launches First Crypto Settlement Service in Hong Kong
13:12 24.05.2025
Singapore's Economy Grows 3.9 Percent Amid Trade War Concerns and Global Uncertainty
03:29 23.05.2025
HSBC Holdings Repurchases 8.78 Million Shares for HKD811 Million
02:32 23.05.2025
HSBC repurchases over 7.78 million shares in London and Hong Kong
10:57 20.05.2025
hsbc announces share buyback with significant purchases on multiple exchanges
18:37 19.05.2025
hsbc repurchases 6.78 million shares to enhance shareholder value
05:27 16.05.2025
hsbc holdings repurchases nearly 7 million shares for hk 629 million
02:14 15.05.2025
hsbc holdings repurchases 8.39 million shares for hk 759 million
02:09 14.05.2025
hsbc holdings repurchases nearly 5 million shares for hk dollars 445 million
02:14 13.05.2025
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