Financial Services
HKMA grants banking licence to Bank Julius Baer
HKMA grants banking licence to Bank Julius Baer
The lender has maintained local representative office in 2006 before securing licence 13 October.
HSBC Global Asset Management appoints Joanna Munro CEO Asia Pacific
The lender banks on Munro's 24-year investment and management experience in grabbing opportunities in the region.
Survey reveals high bonus hopes for HK finance professionals
71% expect bonus increase in 2010 and 14% are counting on a 31-50% bonus raise.
Survey shows positive outlook for professionalism of financial planners
More than 90% of participating CFPCM professionals say that they have attained required professional competency.
HSBC unveils financial educational programme for children
Lender educates kids financial literacy through fun e-learning modules, money management guides and piggy bank competition.
ICBC executive faces bribery charges
HK Anti-Graft Agency claims Derick Chan Po-fui received total of HK$3.3mln from United Win major shareholder.
HSBC launches mobile banking operations
Provides instant banking, investment and insurance services as it offer secure internet banking via mobile platform.
Sino-Life subsidiary strikes deal with Chongqing funeral parlor
Strengthens market penetration in Chongqing by providing leading five-star funeral service to the market.
Insurance commissioner helps restore faith in sector
Industry seen to rebound by responding well to government's measures in regaining consumer confidence.
HSBC kickstarts first Middle East RMB trade settlement transaction
Move enabling Middle East businesses to settle payments in RMB, unleashing opportunities for Asia expansion.
HSBC’s Finance Director eyed as chairman candidate
Lender’s independent directors on a search for its chairman’s replacement as Green will join British government.
AIA's $15bln HK IPO receives in-principle approval
AIG is selling assets to help repay $182.3bln government bailout.
HSBC to divest Asian wholesale banknotes business
UOB to acquire US$15mln operations that has 120 full-time employees located in major Northeast Asia cities.
Banks fall short on customer loyalty in Hong Kong and Asia Pacific
Customers feel unappreciated, unrecognized and under rewarded by their banks.
Hong Kong RTGS incorporates real-time features to SwiftNet
Move enhances lenders' interoperability by using uniform standard to process domestic and international payment.
HSBC Chairman Stephen Green to step down
Accepts invitation of UK Prime Minister to become UK Minister of State for Trade and Investment.
HSBC launches integrated banking account for SMEs
Product provides 33% discount on standard tariffs for selected trade services and 10% for telegraphic transfers.
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