Financial Services
China Everbright Bank seeks to list in Hong Kong
The probable July listing could be worth as much as $7 billion.
China Everbright Bank seeks to list in Hong Kong
The probable July listing could be worth as much as $7 billion.
Hang Seng Bank appoints Fred Hu non-executive director
The former Goldman Sachs Managing Director will be paid a director's fee of HK$340,000 a year.
Allied Overseas to buy 27.65% of APAC Resources shares from COL Capital
The move gives Allied Overseas new investment opportunity that provides potential for future growth and enhancement of shareholder value.
Hong Kong dollar remains strong
Monetary Authority belies marginalisation of HK dollar amid intensified use of renminbi in Hong Kong.
We hope to become a yuan clearing bank in SG: BOC HK
This as Singapore tries to compete with Hong Kong for trade settlement in yuan.
HK will remain the dominant offshore RMB centre for now: HSBC
This amidst possible establishment of Singapore as a second offshore RMB trading hub.
First quarter credit card receivables down 4.4%
Yet the amount of borrowing by customers using their credit cards up 0.2% at the end of March.
SFC orders Core Pacific-Yamaichi International to repurchase Lehman-linked products
The price would be equal to the principal amount invested by the customer minus any coupon payments received.
Hong Kong charges Merrill Lynch with $3mn fine
A probe found out that Merrill Lynch failed to properly assess the financial situation and investment objectives of 40 customers who invested in the...
HKEx appointed Joseph Meyer as Chief Administrative Officer
Meyer is Hong Kong Exchanges & Clearing's first Chief Administrative Officer and will be a member of the Senior Management Committee.
BNP Paribas appoints new Managing Directors
Meighen Robertson and Peter K.D. Chen will both be based in Hong Kong and will report to Paul Yang, Head for Hong Kong.
Power subsidy to be credited from July
Proposal to provide extra allowances to Comprehensive Social Security Assistance, Old Age Allowance and Disability Allowance recipients will be...
Hong Kong signs financial market pact with mainland
The National Association of Financial Market Institutional Investors and the Treasury Markets Association signed an MoU on Co-operation in Beijing.
SFC issues reminder on RMB trading
SFC reminded investors to gets details of processes for their transactions when trading renminbi securities in the secondary market.
MPF recorded 5.5% return
The annualised rate of return recorded by the MPF system outperformed the 0.7% average annual inflation rate and the 1% one-month Hong Kong dollar...
HSBC completes energy hedging trades
Successful completion of hedging trades corresponds with growing demand as it provides clients with enhanced risk management and investment solutions...
Exchange Fund foreign assets down $5.6B
Foreign assets of the Exchange Fund's shrank by $5.6 billion from February to $2.0869 trillion in March, according to the Monetary Authority.
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