Financial Services
Mortgage Corporation upgrades SME scheme
Mortgage Corporation upgrades SME scheme
The SME Financing Guarantee Scheme will encourage banks to use the programme to help small and medium enterprises.
Hang Seng Bank appoints Andrew Fung Hau Chung as Executive Director
The terms of appointment of Mr Andrew Fung shall be for three years.
J.P. Morgan appoints David Koh as Head of Treasury Services Greater China
The former Deutsche Bank executive brings in 20 years’ global and regional experience in transaction and corporate banking.
HSBC back-up data centre completed by end 2013
The facility is located in Shatin, New Territories.
Hong Kong's dollar bond issuance hits record low
It slumped 12.3% to a mere HK$70.3 billion.
HSBC sells Canadian unit to Fulcrum Capital Partners
The transaction, which is subject to regulatory review and approval, is expected to close before 31 December 2011.
Hong Kong banks suffer from liquidity and credit quality risks
The banks were somewhat reliant on strong loan growth but though loans for domestic use have grown, almost 25% of the total loan book is now for use...
$100mn development fund open for applications
Fund seeks to enhance the standard of local professional services.
Gross insurance premiums surge 11% in 2010
General insurance business recorded 5.9% increase net premiums to $21.7bn.
64% of Hong Kong finance professionals feel job satisfaction
Ironically, they are the most pessimistic workers in the region, with 55% having a gloomy economic outlook.
PineBridge Investments appoints Desmond Tjiang as managing director
He will also be portfolion manager for Greater China and Hong Kong.
Current climate for Hong Kong banks worse than in 2008, says Nomura
The 2008 global financial crisis was apparently better for Hong Kong banks.
ACE Life Hong Kong conducts debut career presentation seminar
Insightful insurance industry analysis and sharing from renowned speakers help job seekers identify options for career development.
Hong Kong finance professionals keen on seeking greener pastures abroad
67% of professionals want career growth, better salary packages, improved overall lifestyle and new work experiences overseas.
August mortgage loans down 27%
But the number of new applications surge by 5% to 9,682.
75% of Chinese financial institutions plans engaging in M&A in Asia
Chinese survey respondents are more eager than the rest of their Asian counterparts to develop new lines of business via M&A.
Financial Secretary holds meeting with Federal Reserve Board Chairman
Mr John Tsang also met with Moody's and Standard & Poor's in the US to discuss Hong Kong's economic and financial fundamentals.
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