Financial Services

China Taiping Insurance Holdings clarifies media reports

Articles related to its parent company, China Taiping Insurance Group.

China Taiping Insurance shares trading halted

The company will be issuing a clarification announcement.

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.

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.

Bankers protest tough IPO rules

Warn that proposed rules could choke-off investment into Hong Kong.