Financial Services
Hong Kong banks suffer from liquidity and credit quality risks
The banks were somewhat reliant on strong loan growth but though loans for domestic use have grown, almost 25% of the total loan book is now for use...
Hong Kong banks suffer from liquidity and credit quality risks
The banks were somewhat reliant on strong loan growth but though loans for domestic use have grown, almost 25% of the total loan book is now for use...
$100mn development fund open for applications
Fund seeks to enhance the standard of local professional services.
Gross insurance premiums surge 11% in 2010
General insurance business recorded 5.9% increase net premiums to $21.7bn.
64% of Hong Kong finance professionals feel job satisfaction
Ironically, they are the most pessimistic workers in the region, with 55% having a gloomy economic outlook.
PineBridge Investments appoints Desmond Tjiang as managing director
He will also be portfolion manager for Greater China and Hong Kong.
Current climate for Hong Kong banks worse than in 2008, says Nomura
The 2008 global financial crisis was apparently better for Hong Kong banks.
ACE Life Hong Kong conducts debut career presentation seminar
Insightful insurance industry analysis and sharing from renowned speakers help job seekers identify options for career development.
Hong Kong finance professionals keen on seeking greener pastures abroad
67% of professionals want career growth, better salary packages, improved overall lifestyle and new work experiences overseas.
August mortgage loans down 27%
But the number of new applications surge by 5% to 9,682.
75% of Chinese financial institutions plans engaging in M&A in Asia
Chinese survey respondents are more eager than the rest of their Asian counterparts to develop new lines of business via M&A.
Financial Secretary holds meeting with Federal Reserve Board Chairman
Mr John Tsang also met with Moody's and Standard & Poor's in the US to discuss Hong Kong's economic and financial fundamentals.
Government to start next phase of Scheme $6,000
Through this scheme, a sum of HK$6,000 will be given to each holder of a valid Hong Kong Permanent Identity Card, aged 18 or above.
Bank of East Asia adds 3 years to CEO's term
David Li’s contract to expire on 31 March 2015.
ACE Life transfers Asia Pacific office to Hong Kong
The company to tap the benefits it will receive in relocating regional office to one of Asia’s leading financial services hub.
ACE Life Hong Kong launches ‘Y-5’ campaign and other enhanced services
The insurer introduced special premium promotion for the first 3 years for designated plans while enhancing its underwriting and claims services.
Man Sang International expands into China microcredit business
The group also appoints Zhang Huaqiao as Executive Director and CEO to lead expansion.
AIA Hong Kong and Macau appoints 3 VPs
The insurer picks Adrian Au, Jim Jan Zen, and Esther Wong to align employee expertise with corporate goals.
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Commentary
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