Financial Services
Foreign investors urged to use renminbi in Hong Kong deals
China is encouraging foreign investors to use the renminbi or yuan for trade and investment in Hong Kong.
Hong Kong opens financial dispute resolution centre
Hong Kong takes another step to preclude massive investor losses from unregulated equities trading.
Hong Kong launches cross-border collateral management service today
Hong Kong boosts its position as a prime offshore renminbi liquidity center.
China Construction Bank sees strong growth in yuan loans
The Hong Kong branch of state-owned China Construction Bank Corporation plans to double its yuan-denominated assets.
HKEx appoints Stephen Marzo as chief financial officer
Henry Ingrouille was also appointed as chief administrative officer.
KEB opens trade finance center in Hong Kong
A major Korean bank has opened a financial center in Hong Kong for the first time.
Hong Kong Land issues US$500 million worth of 10-year notes
The notes will earn a coupon of 4.5% per annum, tempted already?
HSBC puts on hold plans to transfer to Hong Kong
HSBC plans to stay in London despite the huge expense of doing business in the British capital.
Losing your mobile worse than losing your wallet
It takes just a few minutes for people to realize they have forgotten their mobile phone after leaving home; but it takes in general much longer for...
HSBC to part with subsidiaries in four South American countries
HSBC Holdings is in talks on a possible sale of its operations in Colombia, Paraguay, Peru and Uruguay as part of its global strategy to boost...
HKMA lends a hand to banks burdened by Basel III
The Hong Kong Monetary Authority will allow the city’s banks to use foreign currency liquid assets to meet the liquidity coverage ratio requirements...
HKEx's profit slips 7% to HK$1.15b
Listing fees and income from sales of information were lower than expected, while operating cost rose by 20%.
BOC Hong Kong's pre-provision operating profit up by 27% to HK$6.8b
The reported PPOP figure is 22% higher than operating expenses.
Swiss private bank to do business in Hong Kong
Hong Kong now has 154 licensed banks.
HSBC prices international RMB bond
The transaction, set at a 3% revenue, saw very strong demand from both European and Asian investors.
Do retrenchments loom at global banks in Hong Kong?
Hong Kong saw more investment banking redundancies than Singapore, China, and Australia in the first quarter of 2012.
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