Financial Services
Offshore renminbi products take off
Offshore renminbi products take off
Hong Kong’s new renminbi inter-bank market launched as limits on offshore renminbi circulation are being loosened.
StanChart and HSBC to launch higher-yielding RMB products
Regulators sealed agreement allowing HK financial institutions to offer higher returns on yuan savings accounts.
HSBC enables RMB payment for Wealthsave Protection Plan
Product extended to corporate customers as option to settle premiums in RMB or HKD.
DBS Hong Kong to pay Lehman buyers HK$651mln
Lehman Brothers notes buyers classified as having low to medium risk would get money plus interest.
Microfinance in China
Providing banking and other financial services to the poor has always presented particular challenges. By definition, people with little or no money...
HSBC inaugurates flagship centre to support SMEs
Lender posted 42% increase in lending to SMEs and 22% growth in deposits.
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