Financial Services
Hong Kong now third top global financial center
It’s the first time HK is in top three.
SZITIC plans Hong Kong IPO
But hasn't decided when it will hold the IPO.
Key statistics on Hong Kong’s banking sector
Total asset size of the banking sector exceeds HK$15 trillion.
Invest Hong Kong completes 3,000th project
Milestone attained September 4.
HKMA QFII quota exceeds US$1 billion
Becomes first foreign institutional investor granted this sum.
Insurance industry posts H1 gross premiums of $143.7 billion
But underwriting profit falls 6% to $1.5 billion.
HK banks up rates ahead of long October holiday
Trying to prevent cash squeeze on renminbi funds.
Total deposits jumped 1.5%
Hong Kong-dollar deposits up 0.3%.
Exchange fund's total assets jumped to $2.8t in July
On the back of higher foreign currency assets.
July mortgage loans jumped 1.2% to $15.8b
Mortgage loans for refinancing up 16%.
Hong Kong’s monetary base dipped $2.1b
Higher risk-free rate triggered fund outflows.
Hong Kong companies flee renminbi
Expect business climate in HK to worsen.
Exchange Fund’s foreign assets fell by $29.7b in July
It now stood at $2.4836t.
China bad debt bank to IPO in Hong Kong
Here's what experts say.
Yue Xiu makes US$1 billion bid for Chong Hing Bank
Is arranging financing for expanded acquisition.
CLS Group opens in HK
Increases the number of Asian currencies it settles.
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