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HSBC’s bouncing share price

I'm on travels again and in Hong Kong this week. 

That's fine although it was disappointing to wake up to the South China Morning Post screaming headline: "HSBC hit by worst fall for two decades".

Oh yes, that really cheered me up.

It's all to do with the HSBC £12.5 billion ($17 billion) rights issue …

Kipper_03_bsn_0303_026a

Kipper Williams, the Guardian

… and with HSBC representing about 25% of the Hang Seng index, it's no wonder locals are saying that the bank has ruined their pension pots.

HSBC

Mind you, they should have some cheer as the share price picked up during the day, so things aren't so bad are they?

Anyways, I'm here on a payments conference covering Asian market developments from mobile to contactless, from central banks RTGS systems and services to remittances and risk.

I'll put more about developments through the week but, meantime, take heart Hong Kong.  Your pensions aren't quite up the spout yet.

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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