Financial Services

Exchange Fund assets slip $34.1b

HKD assets decreased by $22.6b.

Foreign currency deposits up 2.2%

And RMB deposits increased 1.7$ to RMB554.8b.

Here's how underdeveloped Asia's financial services are

Hong Kong only has 24 bank branches for every 100K adults.

CIMB to do more investment banking in Hong Kong

New strengths allow it to be more competitive.

Beware: Government warns of two fraudulent websites

Both pretend offering financial services.

What you must know about PICC's $4b IPO in Hong Kong

The IPO would be credit positive for its major insurance subsidiaries.

Maybank closes US$1.15b deals for Genting Hong Kong

It is one of largest financings arranged by the group.

HSBC to sell Ping An stake

Ping An to be divested despite its profitability.

HSBC issues statement re Ping An Insurance

There has been speculation about a possible sale.

Reducing risk not a priority for HK financial leaders

Nearly 2 in 5 financial leaders find one thing more important than reducing risk.