Financial Services

New $500 banknotes to be launched

The Monetary Authority will put new $500 banknotes into circulation on February 22. They will be available for exchange at Hong Kong's three note...

New $500 banknotes to be launched

The Monetary Authority will put new $500 banknotes into circulation on February 22. They will be available for exchange at Hong Kong's three note...

Financial secretary names Carlson Tong non-executive director

Tong’s experience and expertise in the accountancy and the financial-services fields qualified him for the post.

Government urged subsidy support

The enhanced scheme can benefit more people while ensuring the scheme's long-term sustainability and proper and fair use of public money.

SW Kingsway Capital profit up 25% to HK$46.8mn

The company targets diversified investment opportunities and introduction of new products and services.

HSBC releases first renminbi cashier’s order in Hong Kong

Move shows the bank’s commitment to anticipate client renminbi product needs while it capitalizes in the new opportunities created by the...

Exchange Fund foreign assets up $3.7B

The Exchange Fund’s foreign assets grew by $3.7 billion in January to reach $2.0394 trillion.

Sun Hung Kai Financial and EK Immigration join forces

Partnership to provide premium financial services to capital investment entrants from mainland China.

Exchange Fund assets drop $45.7B

Total assets of the Exchange Fund amounted to $2.3457 trillion at the end of December, down $45.7 billion on November.  

Richard Dawson joins KPMG as Asia's Head of Debt Advisory

Richard will be based in Hong Kong as he builds a team to establish and grow the debt advisory business in China and Hong Kong.

Ship mortgage: Right of sale upon non-financial covenant default

The rights of both the bank and borrower when it comes to non-financial covenant default will not remain a question anymore.

Bank loans overshoot January target

New bank loans in the mainland during January hit US$182.89 billion, which overshot the central bank's cut-off target by at least 20 percent.

Firms switch from GEM to main board

More firms are making the switch from the Growth Enterprise Market to the main board this year than last year. Most of them are small and medium-...

Norton Rose names Ji Liu new Hong Kong corporate finance partner

Ji’s extensive US securities law experience eyed to reinforces the company’s ability to cover US law aspects of securities offerings in the region.

IFC issues 150mn renminbi bond in Hong Kong

The five-year bond aimed to support clean technology project in China.

Sino-Life sets up Hung Hom, Kowloon office

The group continues to advance funeral service practices and open a new chapter for the industry.

HSBC unveils first insurance course for university students

The course gives unique opportunity for executives to share their knowledge, experience and insights on the industry with the next generation of...

HSBC appointed Ronald Tham as Global Banking's Head of Coverage and Family Office in Hong Kong

The series of senior appointments in HSBC's Global Banking team is seen to strenthen their existing Global Banking platform.