Financial Services
HKAB to implement new set of credit card reforms
HKAB to implement new set of credit card reforms
Hong Kong Association of Banks will implement the second batch of 11 credit card reform measures.
KC Chan visits Europe
The Secretary for Financial Services & the Treasury has begun a week-long visit to promote Hong Kong as China's global financial centre.
HKMEx to offer automated trading services through Equinix
The first contract will be a 1 kilo gold futures contract providing physical delivery in Hong Kong.
Lenders to incorporate chip-based technology in their ATMs
The technology enhances security of ATM transactions as fraudsters would have difficulty in card replication.
BEA Union Investment launches products to help fund investors combat inflation
The company ensures it invests in instruments that are likely to benefit from Asia’s solid fundamentals and Asian currency appreciation making it...
Hong Kong’s first quarter total gross premiums up 13.3%
Yet Hong Kong insurance industry’s overall underwriting profit declined from $559mn to $482mn.
HK yuan deposits rise 13.1% in April
Yuan deposits in Hong Kong jumped to $79 billion.
China Everbright Bank seeks to list in Hong Kong
The probable July listing could be worth as much as $7 billion.
Hang Seng Bank appoints Fred Hu non-executive director
The former Goldman Sachs Managing Director will be paid a director's fee of HK$340,000 a year.
Allied Overseas to buy 27.65% of APAC Resources shares from COL Capital
The move gives Allied Overseas new investment opportunity that provides potential for future growth and enhancement of shareholder value.
Hong Kong dollar remains strong
Monetary Authority belies marginalisation of HK dollar amid intensified use of renminbi in Hong Kong.
We hope to become a yuan clearing bank in SG: BOC HK
This as Singapore tries to compete with Hong Kong for trade settlement in yuan.
HK will remain the dominant offshore RMB centre for now: HSBC
This amidst possible establishment of Singapore as a second offshore RMB trading hub.
First quarter credit card receivables down 4.4%
Yet the amount of borrowing by customers using their credit cards up 0.2% at the end of March.
SFC orders Core Pacific-Yamaichi International to repurchase Lehman-linked products
The price would be equal to the principal amount invested by the customer minus any coupon payments received.
Hong Kong charges Merrill Lynch with $3mn fine
A probe found out that Merrill Lynch failed to properly assess the financial situation and investment objectives of 40 customers who invested in the...
HKEx appointed Joseph Meyer as Chief Administrative Officer
Meyer is Hong Kong Exchanges & Clearing's first Chief Administrative Officer and will be a member of the Senior Management Committee.
Read Here
Advertise
Sign Up
