Financial Services

Hong Kong banks tough enough, says Fitch

Hong Kong banks tough enough, says Fitch

Fitch Ratings believes Hong Kong banks will withstand potential losses resulting from a new global economic slowdown.

BEA opens 31st branch in Guangdong

Hong Kong-based Bank of East Asia maintains its standing as the indigenous Chinese bank with the largest branch network in Guangdong.

Basel III to be implemented in 2013

No pain, no gain for Hong Kong’s banking industry.

HSBC sells general insurance business in Hong Kong

AXA will become the exclusive provider of general insurance products to HSBC’s customers in Hong Kong.

AXA acquires HSBC’s Property & Casualty businesses

The deal will position AXA as the number one P&C player in Hong Kong.

Prudential headed for Hong Kong?

Rumors have begun swirling that Prudential is considering moving its headquarters to better withstand tougher capital rules putting increased...

Hang Seng Bank CEO resigns

Margaret Leung will be replaced by Rose W M Lee, Advisor, China and Hong Kong, HSBC.

HSBC confident of strong growth in 2012-2013

Year 1 in a three-year strategy that should eventually see HSBC become the world’s leading international bank seems to have gotten off to a galloping...

Lunar New Year holiday sparks massive credit card use

Along with its noisy festivities, the Lunar New Year can also be counted on for one recurring event: more credit card use.

Hong Kong to set up insurance protection fund

The bill is planned to be introduced into LegCo in the 2012-13 legislative session for setting up the fund in 2013-14.

Who will buy HSBC Holdings' non-life insurance operations?

It's either Europe's Axa or Zurich's Ace - we'll probably know by late February.

ABN AMRO Private Banking is ‘highly commended’ in best private bank in europe award

ABN AMRO Private Banking was highly commended in October 2011 in the ‘Best Private Bank in Europe’ categoryof the Global Private Banking Awards 2011...

Responding to market demand, customer-needs-driven life insurer ageas attributes its success to quality, customised products and services

“The need to meet evolving challenges in the market is driving Ageas Hong Kong to satisfy our customers’ needs," said Ageas Insurance Company CEO...

AIA brings retirement offerings with great value, choice and simplicity to members

AIA Pension and Trustee Co. Ltd (AIA) has been fulfilling the diverse needs of mandatory provident fund (mpf) members for more than a decade.

Financial solutions reflect is caring approach and underpin goals of life

To every individual, what he or she aspires in life is an important element of their professional and personal existence. But to reach their goals...

HSBC Medical Insurance leads the market for corporate and retail customers

The Hongkong and Shanghai Banking Corporation Limited began providing medical insurance solutions to customers in Hong Kong in 1988 as part of...

PrimeCredit helps its clients in good times and bad

CEO Susanna Liew, who joined PrimeCredit only three months ago, seems fully up to speed on the company’s operations and plans for the future. Her...