Financial Services

The Outstanding Retail Bank

The Outstanding Retail Bank

Basker Rangachari, Chief marketing officer, Hong Kong and North East Asia, Consumer Banking, Standard Chartered Bank (Hong Kong) Limited says that...

Mortgage Corp posts $1.26bn profit

The company has maintained the credit ratings of AAA by Standard & Poor’s and Aa1 by Moody’s.

HKRH posts 97% fourth quarter sales growth

Sales of HKRH’s franchisees to their end customers up by 90%.

Will Hong Kong bankers have more money in the bank?

Survey shows Hong Kong-based investment banking and fund management staff expect an average bonus worth 37% of their salary for 2011.

Derivatives are back—but be careful

The Securities and Futures Commission (SFC) has authorized the issuance of “Exchange-Traded Funds” a year-and-a-half after these products were banned...

HKMA grants licence to China Minsheng Bank

China’s ninth largest bank is the 153rd licensed bank in Hong Kong.

New year, new banknotes!

HSBC’s new HK$100 note will be in circulation starting January 11.

Renminbi deposits in Hong Kong up in November

There was a 1.4% increase while Hong Kong dollar deposits jumped by 0.4%.

HKMA backs China Development Bank's renminbi bonds issuance

The lender will be the first financial institution in China to make use of the platform to issue renminbi bonds.

Hong Kong overtakes US and UK in Financial Development Index

Hong Kong took the top spot with a score of 5.16 on a scale of 1-7, says World Economic Forum.

Gender inequality in Greater China finance sector still rife

Yet 59% of the survey respondents believe the number of women in top management positions will increase in the next 5 years.

Emperor Capital Group posts profit at HK$62.1mn

The first Emperor fund & money lending business will become new revenue drivers.

Consultation starts for Companies Bill

The Financial Services & the Treasury Bureau is seeking public views on whether the bill should have further flexibility.

New mortgage loans drop 17% in October

New loans approved also fell to HK$12.5 billion.

HKMA grants license to Bank Morgan Stanley

Addition of the lender ups the restricted-licence banks in Hong Kong to 20.

What you need to know about HK banks’ EU exposure

Can HK banks dispel the risks from European banks’ fundings?

Standard Chartered HK to increase mortgage interest rate

The changes will take effect today, 21 November 2011 - but how much will the increase be?