Financial Services
Licensed banks in Hong Kong now up to 151
The Hong Kong Monetary Authority has granted a banking licence to Switzerland’s Banque Privée Edmond de Rothschild SA.
Licensed banks in Hong Kong now up to 151
The Hong Kong Monetary Authority has granted a banking licence to Switzerland’s Banque Privée Edmond de Rothschild SA.
HSBC appoints Apratim Chakravarty as head of Offshore Asian Product Distribution in Asia Pacific
Apratim moved into this role from Indonesia, where he held the position of Head of Global Markets since 2007.
Mortgage Corp. first half profit up 19%
But the company expects "considerable challenges" in the second half, brought about by uncertainties in the global economy.
Banks to upgrade safety features in sending passwords via SMS
Lenders and EPS will enhance their monitoring of suspicious transactions before upgrade launch.
StanChart: No job cuts in Hong Kong
The bank will also employ an additional 1,000 staff globally this year.
Almost there: Only 110 Lehman Brothers complaint cases remain under investigation
Investigation of over 99% of the 21,824 complaint cases related to Lehman Brothers has been completed.
What you need to know about J.P. Morgan’s new hires
The firm has announced two key hires for its Asia Pacific business.
Banking sector future remains bright: HKMA’s Chan
That is if Hong Kong banks collaborate with foreign lenders in offshore yuan trading.
Hong Kong second quarter credit card transactions up 0.2%
But the number of debit cards in circulation in relation to retail sales and bills payments down 1.2% to 27.1mn.
Hong Kong vies to become the offshore renminbi centre for global businesses
The government presented in London to attract European firms to use Hong Kong’s renminbi financial platform.
David Fried to step down as HSBC global head of insurance
He will be replaced by current head of insurance in Latin America, Marcelo Teixeira.
British banks “absolutely” welcome in Hong Kong
Aside from HSBC, Standard Chartered is also assured to find a home in Hong Kong if it decides to relocate.
BlackRock appoints Mark McCombe as chairman for Asia
The former HSBC Hong Kong CEO will replace Rohit Bhagat.
Citic Bank International eyes over $234b cross-border yuan-denominated transactions in Hong Kong for 2011
This after its settlement of such transactions skyrocketed 366 percent to almost $4b in the first half.
Scheme $6,000 registration phase 2 opens
More than 850,000 registration forms have been received as at Sept. 8
Mark McCombe quits as Hang Seng Bank director
McCombe clarified he has no disagreement with the board in connection with his resignation which took 9 September 2011.
Manulife to hire more agents in Hong Kong
The insurer wants to increase the number of its agents in Hong Kong to about 7,000 by 2015. Currently Manulife has about 4,600 independent agents...
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