Financial Services
Hong Kong gains edge in private banking
Hong Kong gains edge in private banking
Proximity to business owners and those with strong business network in China gives Hong Kong advantage.
HSBC names executives in Asia Pacific global forex team
Lender combines global expertise with its local insight to deliver unique global FX offering throughout region.
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.
HSBC helps Air China complete ECA-backed aircraft financing
Lender's experience in overseas markets gave it edge to help carrier obtain guarantees from 3 ECAs.
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.
DBS appoints Sebastian Paredes Hong Kong unit CEO
Paredes comes in when DBS Hong Kong market value falls as it reported a $1.02bln writedown.
Hong Kong's credit card rates rising
52.4% of cards surveyed charged consumers carrying debt of 30% or above for annualised interest.
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.
Bright Smart outlines listing details on SEHK Main Board
Company targets to offer 16,680,000 shares for IPO on August 25.
HKEx profit up 3% to $2.26bln
Exchange to tap growing Renminbi-denominated products whilst it seeks to draw international listings.
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.
Hang Seng sees 30% yuan deposit growth
Lender has raised its loans-to-deposit ratio to 58% behind 1.77% first half net interest margin.
Hong Kong Resources issues $216mln convertible bonds
Move aims to strengthen capital base and accelerate retail businesses expansion in the Greater China region.
Monetary Authority approves Octopus auditor's appointment
Deloitte Touche Tohmatsu to report whether any third parties had access to Octopus cardholders' personal data.
HSBC profit jumps 121% to US$11.1 billion
This record profit excludes tax and is in comparison with the US$6 billion pre-tax profit for the first half of 2009.
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