Financial Services

Hong Kong RTGS incorporates real-time features to SwiftNet

Move enhances lenders' interoperability by using uniform standard to process domestic and international payment.

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.

Hong Kong gains edge in private banking

Proximity to business owners and those with strong business network in China gives Hong Kong advantage.

HSBC names executives in Asia Pacific global forex team

Lender combines global expertise with its local insight to deliver unique global FX offering throughout region.

HSBC China becomes market maker to trade RMB and Ringgit

Lender also provides ringgit exchange service through its branches in 24 key Chinese cities.

BEA to use RMB bonds proceeds for expansion

Lender not keen on divesting 20% stake of Canadian subsidiary as it profit soared 78%.

Hong Kong Mercantile Exchange picks Greenline for FIX solutions

Greenline provides FIX testing and certification solutions to help quickly and efficiently onboard commodities trading firms.

HSBC helps Air China complete ECA-backed aircraft financing

Lender's experience in overseas markets gave it edge to help carrier obtain guarantees from 3 ECAs.

China's central bank opens bond market to Hong Kong lenders

Promotes development of renminbi trade settlement in Hong Kong and enhance its Renminbi offshore business.

DBS appoints Sebastian Paredes Hong Kong unit CEO

Paredes comes in when DBS Hong Kong market value falls as it reported a $1.02bln writedown.

Hong Kong's credit card rates rising

52.4% of cards surveyed charged consumers carrying debt of 30% or above for annualised interest.

Chinese businesses targeting Hong Kong and Taiwan expansion

Expansion of cross-border RMB trade settlement and improved China-Taiwan relationship have resulted to huge opportunities and challenges.

Bright Smart outlines listing details on SEHK Main Board

Company targets to offer 16,680,000 shares for IPO on August 25.

HKEx profit up 3% to $2.26bln

Exchange to tap growing Renminbi-denominated products whilst it seeks to draw international listings.

ICBC to pay $10.8bln to take Hong Kong unit private

Move can bring more flexibility to tap its resources as the business continues to develop.

Hang Seng sees 30% yuan deposit growth

Lender has raised its loans-to-deposit ratio to 58% behind 1.77% first half net interest margin.