Financial Services
BNP Paribas appoints new Managing Directors
BNP Paribas appoints new Managing Directors
Meighen Robertson and Peter K.D. Chen will both be based in Hong Kong and will report to Paul Yang, Head for Hong Kong.
Power subsidy to be credited from July
Proposal to provide extra allowances to Comprehensive Social Security Assistance, Old Age Allowance and Disability Allowance recipients will be...
Hong Kong signs financial market pact with mainland
The National Association of Financial Market Institutional Investors and the Treasury Markets Association signed an MoU on Co-operation in Beijing.
SFC issues reminder on RMB trading
SFC reminded investors to gets details of processes for their transactions when trading renminbi securities in the secondary market.
MPF recorded 5.5% return
The annualised rate of return recorded by the MPF system outperformed the 0.7% average annual inflation rate and the 1% one-month Hong Kong dollar...
HSBC completes energy hedging trades
Successful completion of hedging trades corresponds with growing demand as it provides clients with enhanced risk management and investment solutions...
Exchange Fund foreign assets down $5.6B
Foreign assets of the Exchange Fund's shrank by $5.6 billion from February to $2.0869 trillion in March, according to the Monetary Authority.
Golden Resorts acquires Kingston Financial Group
The group expands financial operations to consolidate its position as leading Chinese financial group, operating in China, Hong Kong and Taiwan.
Contract staff will be given paid rest days
Companies tendering for government service contracts must comply with the statuory minimum wage rate, and include one paid rest day a week.
HSBC Insurance unveils EarlyIncome Annuity Plan
The product to provide savings, protection and a stream of income for retirement as it offers regular monthly annuity payment as early as one year...
Government announced tougher Mandatory Provident Fund regulation
Legislative proposals have been raised to improve the regulation of sales and marketing activities of MPF intermediaries.
Government protects workers from excessively low wages
The Labour Department will offer aid to grassroots workers who are having problems after the launch of the statutory minimum wage.
David Sun to lead MPF Advisory Committee
Diana Chan is also appointed as Deputy Chairperson of the Mandatory Provident Fund Schemes Advisory Committee.
Hang Seng joins forces with Industrial Bank
The MOU aims to deepen Hang Seng’s long-term commitment to the Mainland market.
Financial Services & the Treasury Bureau to review MPF regulations
The proposals are aimed to establish a statutory regulatory regime for MPF intermediaries to better protect the 2.5mn MPF scheme members.
Process to return collateral to Lehman minibond customers expedited
Customers in the 16 Lehman Brothers' Minibond distributing banks will recover much higher amounts of their initial investments.
HK Health Protection Scheme to give benefit to those who are least likely to take out insurance:Mercer
The healthy and able bodied, who will be needed to subsidize the HPS, have no clear incentive to voluntarily sign up.
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