Financial Services

Emperor Capital Group posts profit at HK$62.1mn

Emperor Capital Group posts profit at HK$62.1mn

The first Emperor fund & money lending business will become new revenue drivers.

Consultation starts for Companies Bill

The Financial Services & the Treasury Bureau is seeking public views on whether the bill should have further flexibility.

New mortgage loans drop 17% in October

New loans approved also fell to HK$12.5 billion.

HKMA grants license to Bank Morgan Stanley

Addition of the lender ups the restricted-licence banks in Hong Kong to 20.

What you need to know about HK banks’ EU exposure

Can HK banks dispel the risks from European banks’ fundings?

Standard Chartered HK to increase mortgage interest rate

The changes will take effect today, 21 November 2011 - but how much will the increase be?

Charge it! Credit card receivables up 4.2% to $90.6b

But guess how much the delinquent amount is as at end-September?

Hong Kong promoted as China's global financial hub in Frankfurt

The Hong Kong Economic and Trade Office, Berlin, is intensifying Hong Kong's strategic positioning as being China's global financial centre.

American Express appoints Yat-Chung Koh as President of its consumer card business in Asia

Prior to this appointment, Koh ran the American Express’ consumer card businesses in Greater China and Southeast Asia markets.

HKMA steps up its Mainland business monitoring

The aggregate exposure of Hong Kong's banking sector to non-bank Chinese entities up up 60% to $1.622tn at the end of 2010.

IMF lauds HK's exchange rate system, policy framework

Hong Kong's Linked Exchange Rate system and the government's policy framework to support growth and safeguard financial stability were strongly...

Hong Kong set to launch new banknotes

The two batches of the release of 3 denominations of the 2010 Series Hong Kong Banknotes will be on Nov. 22 and days before the Lunar New Year.

Credit China forms JV at a consideration of HK$198.9mn

The move to capitalise on demand for small loan services and expand market reach to Chongqing.

63% of Chinese women lead financial planning in households

It’s mom who gets a say on how to spend the family income.

Financial Sec ensures financial stability

Hong Kong is working towards financial stability in view of the importance of tackling counterparty risks across global financial markets, according...

Dim Sum demand lessen benefit from buying yuan in HK

China’s shift toward policies that support economic growth spurs demand for Dim Sum bonds. This in turn reduce the benefits from buying yuan in Hong...

Hong Kong receives 1,473 applications for SME scheme

The scheme’s popularity prompted total loan guarantee commitment to rise by $10bn.