Financial Services
National Bank of Fujairah opens HK subsidiary
Will enhance trade between Middle East and Asia.
HKEx studied as model for demutualization by Sri Lanka
Colombo Stock Exchange will demutualize next year.
Jeremy Lau appointed head of corporate business in Hong Kong for Zurich Insurance Group
Lau will develop corporate and commercial business in Hong Kong.
HKMC's profits fell to $508m
Housing and financial markets expected to be volatile.
Hong Kong sends RBS trader to prison
She was sentenced for creating false bond trading records.
10, 000 applications received for Guangdong scheme
It'll be implemented on 1 October.
Hong Kong now third top global financial center
It’s the first time HK is in top three.
SZITIC plans Hong Kong IPO
But hasn't decided when it will hold the IPO.
Key statistics on Hong Kong’s banking sector
Total asset size of the banking sector exceeds HK$15 trillion.
Invest Hong Kong completes 3,000th project
Milestone attained September 4.
HKMA QFII quota exceeds US$1 billion
Becomes first foreign institutional investor granted this sum.
Insurance industry posts H1 gross premiums of $143.7 billion
But underwriting profit falls 6% to $1.5 billion.
HK banks up rates ahead of long October holiday
Trying to prevent cash squeeze on renminbi funds.
Total deposits jumped 1.5%
Hong Kong-dollar deposits up 0.3%.
Exchange fund's total assets jumped to $2.8t in July
On the back of higher foreign currency assets.
July mortgage loans jumped 1.2% to $15.8b
Mortgage loans for refinancing up 16%.
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