News
HSBC launches integrated banking account for SMEs
Product provides 33% discount on standard tariffs for selected trade services and 10% for telegraphic transfers.
HSBC launches integrated banking account for SMEs
Product provides 33% discount on standard tariffs for selected trade services and 10% for telegraphic transfers.
CLP now India’s largest wind developer
CLP's subsidiary in India will develop a 39.6 MW wind farm at Harapanahalli in the Davanagere district of Karnataka.
OOIL posts first half profit at US$1.28bln
OOCL liftings increased 11.6% as it added four 8,063 TEU and five 4,578 TEU vessels.
Bright Smart's IPO 163 times subscribed
HK$237mln offer with price fixed at HK$1.60 per share primarily used to develop securities business.
Hong Kong gains edge in private banking
Proximity to business owners and those with strong business network in China gives Hong Kong advantage.
McDonald's issues RMB bonds in Hong Kong
Multinational company’s sale of RMB200 million opens up more potential issuers to tap market.
HSBC China becomes market maker to trade RMB and Ringgit
Lender also provides ringgit exchange service through its branches in 24 key Chinese cities.
BEA to use RMB bonds proceeds for expansion
Lender not keen on divesting 20% stake of Canadian subsidiary as it profit soared 78%.
Hong Kong Mercantile Exchange picks Greenline for FIX solutions
Greenline provides FIX testing and certification solutions to help quickly and efficiently onboard commodities trading firms.
Auction of 2 Kowloon sites may earn $6.25bln
Bidding to test developers' resolve after government has shown its determination to bring property prices down.
China's central bank opens bond market to Hong Kong lenders
Promotes development of renminbi trade settlement in Hong Kong and enhance its Renminbi offshore business.
Government to implement more property measures
Measures to control potential risks in the property sector include increasing land supply and curbing speculative activities in the property market.
Chinese businesses targeting Hong Kong and Taiwan expansion
Expansion of cross-border RMB trade settlement and improved China-Taiwan relationship have resulted to huge opportunities and challenges.
Mobile phone operators move to prevent 'bill shock'
65% of 535 complaints received by government are billing disputes with bill shocks as key contributor.
Cathay Pacific and Dragonair combined passenger volume up 19.5%
Airline to cater growing demand to and from Hong Kong on both long-haul and regional routes.
CLP promotes low-carbon living among youth
Ten shortlisted teams of secondary students presented their achievements of promoting low carbon living for CLP’s “Young Power Award”.
ICBC to pay $10.8bln to take Hong Kong unit private
Move can bring more flexibility to tap its resources as the business continues to develop.
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Commentary
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