Financial Services
Hong Kong insurance remains robust in 2012
Hong Kong insurance remains robust in 2012
                                                                                                 
                        
                          	Life insurance premiums grew 6.6% while non-life almost doubled.
                    
                                        
                    
                China Taiping Insurance Holdings clarifies media reports
                                                                                                 
                        
                          	Articles related to its parent company, China Taiping Insurance Group.
                    
                                        
                    
                HKMA completed 123 cases in December
                                                                                                 
                        
                          	Over a thousand are ongoing.
                    
                                        
                    
                China Taiping Insurance shares trading halted
                                                                                                 
                        
                          	The company will be issuing a clarification announcement.
                    
                                        
                    
                Hang Seng Bank reveals diluted 10.9% stake in China Industrial Bank
                                                                                                 
                        
                          	No longer an associate company.
                    
                                        
                    
                PwC doubts Hong Kong government's HK$3.5 billion deficit
                                                                                                 
                        
                          	PWC estimates a rather very huge budget surplus.
                    
                                        
                    
                Far East Horizon puts up electronic information segment
                                                                                                 
                        
                          	Target market is the information industry in the PRC.
                    
                                        
                    
                Foreign currency reserves balloon to US$1.2b
                                                                                                 
                        
                          	This is over 8x the currency in circulation.
                    
                                        
                    
                Huge potential for Islamic banking in Hong Kong
                                                                                                 
                        
                          	Report says Hong Kong has the advantages to become a major Islamic financial hub.
                    
                                        
                    
                DBS appoints Sebastian Paredes as CEO in HK
                                                                                                 
                        
                          	He replaces Peter Chan.
                    
                                        
                    
                Infographic: 3-stage process in the global rise of China currency
                                                                                                 
                        
                          	RMB bank deposits in HK already more than six times the level in mid-2010.
                    
                                        
                    
                Licensed banks in HK now 155
                                                                                                 
                        
                          	Latest addition is China Everbright Bank.
                    
                                        
                    
                HKMA warns of fraudulent website
                                                                                                 
                        
                          	No, www.winghggroup.com is not the official website of Wing Hang Bank.
                    
                                        
                    
                4 reasons why Bank of China HK is top man in cross-border RMB business
                                                                                                 
                        
                          	It finished RMB417b cross-border settlements.
                    
                                        
                    
                Almost 9 in 10 Hong Kongers admit to having more than 1 bank
                                                                                                 
                        
                          	They just aren't satisfied.
                    
                                        
                    
                UBS slammed over alleged misconducts
                                                                                                 
                        
                          	HKMA probe to investigate.
                    
                                        
                    
                Bankers protest tough IPO rules
                                                                                                 
                        
                          	Warn that proposed rules could choke-off investment into Hong Kong.