Financial Services
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FINANCIAL SERVICES |
11 May 12
HSBC Holdings is in talks on a possible sale of its operations in Colombia, Paraguay, Peru and Uruguay as part of its global strategy to boost profitability and cut costs. Read ››
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FINANCIAL SERVICES |
11 May 12
The Hong Kong Monetary Authority will allow the city’s banks to use foreign currency liquid assets to meet the liquidity coverage ratio requirements of Basel III. Read ››
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FINANCIAL SERVICES |
08 May 12
Listing fees and income from sales of information were lower than expected, while operating cost rose by 20%. Read ››
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FINANCIAL SERVICES |
27 Apr 12
The reported PPOP figure is 22% higher than operating expenses.
BOCHK's net interest income expanded as NIM of Rmb business made gains and core NIM remained stable. Read ››
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FINANCIAL SERVICES |
20 Apr 12
Hong Kong now has 154 licensed banks.
The Swiss private bank, Pictet & Cie (Europe) S.A., received a banking licence that took effect April 18, said the Monetary Authority. Read ››
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FINANCIAL SERVICES |
19 Apr 12
The transaction, set at a 3% revenue, saw very strong demand from both European and Asian investors. Read ››
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FINANCIAL SERVICES, HR & EDUCATION |
18 Apr 12
Hong Kong saw more investment banking redundancies than Singapore, China, and Australia in the first quarter of 2012. Read ››
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FINANCIAL SERVICES |
17 Apr 12
A Swiss online forex trader has opened a brick-and-mortar office in Hong Kong. Read ››
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FINANCIAL SERVICES |
05 Apr 12
HSBC raises fees to over 2.5 percentage points and more leading banks are following suit. Read ››
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FINANCIAL SERVICES |
03 Apr 12
In August 2011, Chinese Vice Premier Li Keqiang visited Hong Kong, where he unveiled plans to create an exchange-traded fund (ETF) that would allow mainland China investors to invest in stocks listed in Hong Kong. Read ››
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FINANCIAL SERVICES |
03 Apr 12
It’s a candidate-led market in this job sector.
The insurance industry continues to be robust with listed replacement positions and new jobs opportunities across Asia Pacific for skilled candidates. Read ››
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FINANCIAL SERVICES |
02 Apr 12
CITIC Bank may not have put capital concerns behind it even after raising Rmb26bn funds in 3Q11, says CIMB. Read ››
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FINANCIAL SERVICES |
22 Mar 12
Rules providing for a new short position reporting regime will be gazetted on March 23. Read ››
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FINANCIAL SERVICES |
16 Mar 12
Fitch Ratings believes Hong Kong banks will withstand potential losses resulting from a new global economic slowdown. Read ››
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FINANCIAL SERVICES |
15 Mar 12
Hong Kong-based Bank of East Asia maintains its standing as the indigenous Chinese bank with the largest branch network in Guangdong. Read ››
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FINANCIAL SERVICES |
14 Mar 12
No pain, no gain for Hong Kong’s banking industry.
Hong Kong will adopt the tough Basel III banking reforms beginning January 1, 2013. Read ››
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FINANCIAL SERVICES |
09 Mar 12
Net profit for fiscal year 2011 was HK$2.1b.
Kim Eng noted:
The results were in line with our estimates (HK$2.0b), which were at high end of market consensus. Read ››
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FINANCIAL SERVICES |
08 Mar 12
AXA will become the exclusive provider of general insurance products to HSBC’s customers in Hong Kong. Read ››
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FINANCIAL SERVICES |
07 Mar 12
The deal will position AXA as the number one P&C player in Hong Kong. Read ››
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FINANCIAL SERVICES |
29 Feb 12
Rumors have begun swirling that Prudential is considering moving its headquarters to better withstand tougher capital rules putting increased pressure on its balance sheets. Read ››
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FINANCIAL SERVICES |
28 Feb 12
Margaret Leung will be replaced by Rose W M Lee, Advisor, China and Hong Kong, HSBC. Read ››
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FINANCIAL SERVICES |
28 Feb 12
Year 1 in a three-year strategy that should eventually see HSBC become the world’s leading international bank seems to have gotten off to a galloping start. Read ››
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FINANCIAL SERVICES |
21 Feb 12
Along with its noisy festivities, the Lunar New Year can also be counted on for one recurring event: more credit card use. Read ››
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FINANCIAL SERVICES |
15 Feb 12
Net profit for FY11 was HK$4.36b.
Kim Eng noted:
FY11 net profit was HK$4.36b, up 3% yoy. Read ››
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FINANCIAL SERVICES |
30 Jan 12
The bill is planned to be introduced into LegCo in the 2012-13 legislative session for setting up the fund in 2013-14. Read ››
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FINANCIAL SERVICES |
26 Jan 12
It's either Europe's Axa or Zurich's Ace - we'll probably know by late February. Read ››
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FINANCIAL SERVICES |
24 Jan 12
Share of loans restructered could ballon to 8% in the coming year, warns Fitch. Read ››
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FINANCIAL SERVICES |
20 Jan 12
Read ››
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FINANCIAL SERVICES |
20 Jan 12
“The need to meet evolving challenges in the market is driving Ageas Hong Kong to satisfy our customers’ needs," said Ageas Insurance Company CEO Stuart Fraser. Read ››
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FINANCIAL SERVICES |
20 Jan 12
AIA Pension and Trustee Co. Ltd (AIA) has been fulfilling the diverse needs of mandatory provident fund (mpf) members for more than a decade. Read ››
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FINANCIAL SERVICES |
20 Jan 12
To every individual, what he or she aspires in life is an important element of their professional and personal existence. But to reach their goals and fulfill their aspirations, they ought to have financial security, in good times and in challenging times. Read ››
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FINANCIAL SERVICES |
19 Jan 12
The Hongkong and Shanghai Banking Corporation Limited began providing medical insurance solutions to customers in Hong Kong in 1988 as part of efforts to expand the range of insurance solutions in order to address evolving customer needs across their various stages of life. Read ››
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FINANCIAL SERVICES |
19 Jan 12
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FINANCIAL SERVICES |
19 Jan 12
Basker Rangachari, Chief marketing officer, Hong Kong and North East Asia, Consumer Banking, Standard Chartered Bank (Hong Kong) Limited says that the bank’s senior leadership team and all its staff are transforming banking services to deliver what it takes to win customers’ trust. Read ››
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FINANCIAL SERVICES |
12 Jan 12
The company has maintained the credit ratings of AAA by Standard & Poor’s and Aa1 by Moody’s. Read ››
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FINANCIAL SERVICES |
12 Jan 12
Sales of HKRH’s franchisees to their end customers up by 90%. Read ››
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FINANCIAL SERVICES |
11 Jan 12
Consumption spending in India has now slowed to a trickle. Read ››
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FINANCIAL SERVICES |
10 Jan 12
Money supply growth is on the rebound and further easing measures are still in the pipeline. Read ››
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FINANCIAL SERVICES |
10 Jan 12
Survey shows Hong Kong-based investment banking and fund management staff expect an average bonus worth 37% of their salary for 2011. Read ››
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FINANCIAL SERVICES |
09 Jan 12
The Securities and Futures Commission (SFC) has authorized the issuance of “Exchange-Traded Funds” a year-and-a-half after these products were banned. Read ››
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