Financial Services
HSBC appoints Rohit Joshi as Head of Global Payments and Cash Management in Singapore
HSBC appoints Rohit Joshi as Head of Global Payments and Cash Management in Singapore
Joshi is moving from Hong Kong where he spent three years as Senior Manager for Commercial Banking.
HSBC Global Asset Management appoints Bill Maldonado as Regional CIO
He will relocate from London to Hong Kong in August 2011. Dr Maldonado oversees the investment strategies in Asia where the firm has US$72 billion of...
Hong Kong launches iBond subscription
Inflation-linked retail bond can be availed by Hong Kong residents through any of the 20 placing banks, securities brokers or the Hong Kong...
Renminbi deposits up 7.5%
Deposits grew to RMB548.8 billion.
Walker Group 2010 profit up 7.6 times to HK$25mn
The company aims to open 150 new sales points to exploit growing market demand.
Warning issued against fraudulent emails
Standard Chartered Bank (HK) has clarified it has not sent the emails to customers.
Plans for Insurance Authority revealed
A licensing regime will be introduced as the authority holds a direct regulatory role over the conduct of insurance intermediaries.
We won't change our best lending rate: HSBC
It remains at 5.00 per cent.
MPF annual average return rate stands at 5.4%
The overall return of MPF has been higher than its annualised inflation rate of 0.8% since 2000.
Is Hong Kong’s banking sector in trouble?
The Royal Bank of Scotland says there is risk of a financial crisis after an extended period of ultra-loose monetary conditions in Hong Kong.
HSBC appoints Simon Williams Group Head of Wealth Management
The Camelot Financial Capital Management LLC founder will be based in Hong Kong effective 11 July 2011.
GDH secures US$536mn dual currency loan facility
Approval show’s lenders’ strong confidence in the prospects of the group’s businesses to provide sufficient fund to capture market opportunities.
More regulation vital to boost China banks’ business transformation
An Ernst & Young report reveals a strong balance sheet and diversified business operations will help Chinese banks meet the new regulatory standards...
Overseas experience crucial for career in finance--survey
88% of finance professionals surveyed believe overseas experience is important to their career.
Minibond investors to enjoy high level of recovery
PricewaterhouseCoopers, the Receivers of the Minibond collateral, announced the distribution of the underlying collateral for the Minibond series 10...
Hong Kong's Exchange Fund foreign assets reach $272B in May
Hong Kong's Exchange Fund foreign assets amounted to 2.12 trillion HK dollars or about US$272 billion in May, up 6.8 billion HK dollars from the...
HSBC Private Wealth Solutions appoints 3 new chiefs
HSBC Private Bank’s international trust and fiduciary arm has strengthened its global management team with several new appointments.
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