Financial Services

Hong Kong’s 20 largest licensed banks 2013

New offerings range from smart ticketing service to extended trading hours Foreign banks have topped Hong Kong Business’ inaugural top 25 bank...

Renminbi deposits in HK post record rise

Increase due to speculation China will accelerate exchange-rate reforms.

China Everbright Bank will IPO in Hong Kong

Expects to earn from US$1.5 billion to US$2 billion.

Third iBond issuance unveiled

Maximum issuance size is at $10b.

Hong Kong's mortgage loans fell 25.1% to $16.2b

As mortgage applications dropped 28.4%.

Government issues warning against bogus email

It was allegedly from the Industrial & Commercial Bank of China.

UBS Securities fined $1.6m for regulatory breaches

It also failed in internal controls implementation.

HKEx to introduce new stock index-linked derivative product

Will be called CES China 120 Index futures or CES 120 .

Qianhai Equity to launch WMPs in Hong Kong

Yield of its renminbi-denominated wealth management products could reach 10%.

Credit card receivables dipped 7% to $103.4b

Blame it on the drop in festive spending.