Financial Services
HSBC prices international RMB bond
The transaction, set at a 3% revenue, saw very strong demand from both European and Asian investors.
Do retrenchments loom at global banks in Hong Kong?
Hong Kong saw more investment banking redundancies than Singapore, China, and Australia in the first quarter of 2012.
MIG Bank opens shop in Hong Kong
A Swiss online forex trader has opened a brick-and-mortar office in Hong Kong.
Credit card fees becoming more expensive
HSBC raises fees to over 2.5 percentage points and more leading banks are following suit.
Asian ETFs need more transparency
In August 2011, Chinese Vice Premier Li Keqiang visited Hong Kong, where he unveiled plans to create an exchange-traded fund (ETF) that would allow...
Insurance: A job sector in Asia that is very much alive and kicking
It’s a candidate-led market in this job sector.
China CITIC Bank may have to bankroll again amid new capital rules
CITIC Bank may not have put capital concerns behind it even after raising Rmb26bn funds in 3Q11, says CIMB.
Closer monitoring for short selling
Rules providing for a new short position reporting regime will be gazetted on March 23.
Hong Kong banks tough enough, says Fitch
Fitch Ratings believes Hong Kong banks will withstand potential losses resulting from a new global economic slowdown.
BEA opens 31st branch in Guangdong
Hong Kong-based Bank of East Asia maintains its standing as the indigenous Chinese bank with the largest branch network in Guangdong.
Basel III to be implemented in 2013
No pain, no gain for Hong Kong’s banking industry.
HSBC sells general insurance business in Hong Kong
AXA will become the exclusive provider of general insurance products to HSBC’s customers in Hong Kong.
AXA acquires HSBC’s Property & Casualty businesses
The deal will position AXA as the number one P&C player in Hong Kong.
Prudential headed for Hong Kong?
Rumors have begun swirling that Prudential is considering moving its headquarters to better withstand tougher capital rules putting increased...
Hang Seng Bank CEO resigns
Margaret Leung will be replaced by Rose W M Lee, Advisor, China and Hong Kong, HSBC.
HSBC confident of strong growth in 2012-2013
Year 1 in a three-year strategy that should eventually see HSBC become the world’s leading international bank seems to have gotten off to a galloping...
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