Financial Services
MPF annual average return rate stands at 5.4%
The overall return of MPF has been higher than its annualised inflation rate of 0.8% since 2000.
Is Hong Kong’s banking sector in trouble?
The Royal Bank of Scotland says there is risk of a financial crisis after an extended period of ultra-loose monetary conditions in Hong Kong.
HSBC appoints Simon Williams Group Head of Wealth Management
The Camelot Financial Capital Management LLC founder will be based in Hong Kong effective 11 July 2011.
GDH secures US$536mn dual currency loan facility
Approval show’s lenders’ strong confidence in the prospects of the group’s businesses to provide sufficient fund to capture market opportunities.
More regulation vital to boost China banks’ business transformation
An Ernst & Young report reveals a strong balance sheet and diversified business operations will help Chinese banks meet the new regulatory standards...
Overseas experience crucial for career in finance--survey
88% of finance professionals surveyed believe overseas experience is important to their career.
Minibond investors to enjoy high level of recovery
PricewaterhouseCoopers, the Receivers of the Minibond collateral, announced the distribution of the underlying collateral for the Minibond series 10...
Hong Kong's Exchange Fund foreign assets reach $272B in May
Hong Kong's Exchange Fund foreign assets amounted to 2.12 trillion HK dollars or about US$272 billion in May, up 6.8 billion HK dollars from the...
HSBC Private Wealth Solutions appoints 3 new chiefs
HSBC Private Bank’s international trust and fiduciary arm has strengthened its global management team with several new appointments.
HKAB to implement new set of credit card reforms
Hong Kong Association of Banks will implement the second batch of 11 credit card reform measures.
KC Chan visits Europe
The Secretary for Financial Services & the Treasury has begun a week-long visit to promote Hong Kong as China's global financial centre.
HKMEx to offer automated trading services through Equinix
The first contract will be a 1 kilo gold futures contract providing physical delivery in Hong Kong.
Lenders to incorporate chip-based technology in their ATMs
The technology enhances security of ATM transactions as fraudsters would have difficulty in card replication.
BEA Union Investment launches products to help fund investors combat inflation
The company ensures it invests in instruments that are likely to benefit from Asia’s solid fundamentals and Asian currency appreciation making it...
Hong Kong’s first quarter total gross premiums up 13.3%
Yet Hong Kong insurance industry’s overall underwriting profit declined from $559mn to $482mn.
HK yuan deposits rise 13.1% in April
Yuan deposits in Hong Kong jumped to $79 billion.
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