Financial Services
75% of Chinese financial institutions plans engaging in M&A in Asia
Chinese survey respondents are more eager than the rest of their Asian counterparts to develop new lines of business via M&A.
Financial Secretary holds meeting with Federal Reserve Board Chairman
Mr John Tsang also met with Moody's and Standard & Poor's in the US to discuss Hong Kong's economic and financial fundamentals.
Government to start next phase of Scheme $6,000
Through this scheme, a sum of HK$6,000 will be given to each holder of a valid Hong Kong Permanent Identity Card, aged 18 or above.
Bank of East Asia adds 3 years to CEO's term
David Li’s contract to expire on 31 March 2015.
ACE Life transfers Asia Pacific office to Hong Kong
The company to tap the benefits it will receive in relocating regional office to one of Asia’s leading financial services hub.
ACE Life Hong Kong launches ‘Y-5’ campaign and other enhanced services
The insurer introduced special premium promotion for the first 3 years for designated plans while enhancing its underwriting and claims services.
Man Sang International expands into China microcredit business
The group also appoints Zhang Huaqiao as Executive Director and CEO to lead expansion.
AIA Hong Kong and Macau appoints 3 VPs
The insurer picks Adrian Au, Jim Jan Zen, and Esther Wong to align employee expertise with corporate goals.
Licensed banks in Hong Kong now up to 151
The Hong Kong Monetary Authority has granted a banking licence to Switzerland’s Banque Privée Edmond de Rothschild SA.
HSBC appoints Apratim Chakravarty as head of Offshore Asian Product Distribution in Asia Pacific
Apratim moved into this role from Indonesia, where he held the position of Head of Global Markets since 2007.
Mortgage Corp. first half profit up 19%
But the company expects "considerable challenges" in the second half, brought about by uncertainties in the global economy.
Banks to upgrade safety features in sending passwords via SMS
Lenders and EPS will enhance their monitoring of suspicious transactions before upgrade launch.
StanChart: No job cuts in Hong Kong
The bank will also employ an additional 1,000 staff globally this year.
Almost there: Only 110 Lehman Brothers complaint cases remain under investigation
Investigation of over 99% of the 21,824 complaint cases related to Lehman Brothers has been completed.
What you need to know about J.P. Morgan’s new hires
The firm has announced two key hires for its Asia Pacific business.
Banking sector future remains bright: HKMA’s Chan
That is if Hong Kong banks collaborate with foreign lenders in offshore yuan trading.
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