Financial Services
We hope to become a yuan clearing bank in SG: BOC HK
This as Singapore tries to compete with Hong Kong for trade settlement in yuan.
We hope to become a yuan clearing bank in SG: BOC HK
This as Singapore tries to compete with Hong Kong for trade settlement in yuan.
HK will remain the dominant offshore RMB centre for now: HSBC
This amidst possible establishment of Singapore as a second offshore RMB trading hub.
First quarter credit card receivables down 4.4%
Yet the amount of borrowing by customers using their credit cards up 0.2% at the end of March.
SFC orders Core Pacific-Yamaichi International to repurchase Lehman-linked products
The price would be equal to the principal amount invested by the customer minus any coupon payments received.
Hong Kong charges Merrill Lynch with $3mn fine
A probe found out that Merrill Lynch failed to properly assess the financial situation and investment objectives of 40 customers who invested in the...
HKEx appointed Joseph Meyer as Chief Administrative Officer
Meyer is Hong Kong Exchanges & Clearing's first Chief Administrative Officer and will be a member of the Senior Management Committee.
BNP Paribas appoints new Managing Directors
Meighen Robertson and Peter K.D. Chen will both be based in Hong Kong and will report to Paul Yang, Head for Hong Kong.
Power subsidy to be credited from July
Proposal to provide extra allowances to Comprehensive Social Security Assistance, Old Age Allowance and Disability Allowance recipients will be...
Hong Kong signs financial market pact with mainland
The National Association of Financial Market Institutional Investors and the Treasury Markets Association signed an MoU on Co-operation in Beijing.
SFC issues reminder on RMB trading
SFC reminded investors to gets details of processes for their transactions when trading renminbi securities in the secondary market.
MPF recorded 5.5% return
The annualised rate of return recorded by the MPF system outperformed the 0.7% average annual inflation rate and the 1% one-month Hong Kong dollar...
HSBC completes energy hedging trades
Successful completion of hedging trades corresponds with growing demand as it provides clients with enhanced risk management and investment solutions...
Exchange Fund foreign assets down $5.6B
Foreign assets of the Exchange Fund's shrank by $5.6 billion from February to $2.0869 trillion in March, according to the Monetary Authority.
Golden Resorts acquires Kingston Financial Group
The group expands financial operations to consolidate its position as leading Chinese financial group, operating in China, Hong Kong and Taiwan.
Contract staff will be given paid rest days
Companies tendering for government service contracts must comply with the statuory minimum wage rate, and include one paid rest day a week.
HSBC Insurance unveils EarlyIncome Annuity Plan
The product to provide savings, protection and a stream of income for retirement as it offers regular monthly annuity payment as early as one year...
Government announced tougher Mandatory Provident Fund regulation
Legislative proposals have been raised to improve the regulation of sales and marketing activities of MPF intermediaries.
Read Here
Advertise
Sign Up
Commentary
Transforming Hong Kong into a climate tech powerhouse