Financial Services

Third iBond issuance unveiled

Maximum issuance size is at $10b.

Hong Kong's mortgage loans fell 25.1% to $16.2b

As mortgage applications dropped 28.4%.

Government issues warning against bogus email

It was allegedly from the Industrial & Commercial Bank of China.

UBS Securities fined $1.6m for regulatory breaches

It also failed in internal controls implementation.

HKEx to introduce new stock index-linked derivative product

Will be called CES China 120 Index futures or CES 120 .

Qianhai Equity to launch WMPs in Hong Kong

Yield of its renminbi-denominated wealth management products could reach 10%.

Credit card receivables dipped 7% to $103.4b

Blame it on the drop in festive spending.

Hong Kong a model for building renminbi-denominated businesses

Taiwan can learn a lot about this from Hong Kong.

HKEx posts 1% rise in net income

Q1 profit depressed by higher costs.

HSBC almost doubles pre-tax profit

Cost cutting main reason for jump to US$8.4 billion in Q1.