Financial Services
British banks “absolutely” welcome in Hong Kong
British banks “absolutely” welcome in Hong Kong
Aside from HSBC, Standard Chartered is also assured to find a home in Hong Kong if it decides to relocate.
BlackRock appoints Mark McCombe as chairman for Asia
The former HSBC Hong Kong CEO will replace Rohit Bhagat.
Citic Bank International eyes over $234b cross-border yuan-denominated transactions in Hong Kong for 2011
This after its settlement of such transactions skyrocketed 366 percent to almost $4b in the first half.
Scheme $6,000 registration phase 2 opens
More than 850,000 registration forms have been received as at Sept. 8
Mark McCombe quits as Hang Seng Bank director
McCombe clarified he has no disagreement with the board in connection with his resignation which took 9 September 2011.
Manulife to hire more agents in Hong Kong
The insurer wants to increase the number of its agents in Hong Kong to about 7,000 by 2015. Currently Manulife has about 4,600 independent agents...
3,000 HSBC jobs to face the axe in Hong Kong
The job cuts are part of the bank's plan to slash annual costs by $3.5 billion.
Hong Kong ready to welcome HSBC back?
In the event HSBC leaves the UK, Hong Kong’s doors are said to be open.
MasterCard appoints Debbie Goldingham as marketing head for South East Asia
Goldingham will take up her new role in early November 2011.
PwC China and Hong Kong plans hiring 15,000 people
Detail-minded and committed new recruits will help to secure PwC as the number one accounting firm in China.
Hong Kong firms more confident in yuan than other currencies
Stability of yuan's value and market demand are among the reasons for firms' confidence on the currency.
Outbound M&A hits record value of transactions in Greater China last year
Regional bidders seen to remain acquisitive despite highly volatile, uncertain economy outlook.
Credit China issues CNY100mn bonds
The group has become the first GEM listed company to issue offshore Renminbi-denominated bonds.
Insurance industry’s total gross premiums up 14%
Total gross premiums of the Hong Kong insurance industry amounted to $114.7 billion in the first half of 2011.
Lending spree: Loans and advances up 1.5% in July
Loans for use in Hong Kong rose by 0.7% compared to June 2011.
Yuan deposits in Hong Kong up 3.4% in July
Said deposits rose to RMB572.2b.
Hang Seng Bank appoints senior executives
Nixon Chan picked as as Head of Retail Banking and Wealth Management, while Donald Lam assumed Corporate and Commercial Banking leadership role.
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