Financial Services
AIA's $15bln HK IPO receives in-principle approval
AIG is selling assets to help repay $182.3bln government bailout.
AIA's $15bln HK IPO receives in-principle approval
AIG is selling assets to help repay $182.3bln government bailout.
HSBC to divest Asian wholesale banknotes business
UOB to acquire US$15mln operations that has 120 full-time employees located in major Northeast Asia cities.
Banks fall short on customer loyalty in Hong Kong and Asia Pacific
Customers feel unappreciated, unrecognized and under rewarded by their banks.
Hong Kong RTGS incorporates real-time features to SwiftNet
Move enhances lenders' interoperability by using uniform standard to process domestic and international payment.
HSBC Chairman Stephen Green to step down
Accepts invitation of UK Prime Minister to become UK Minister of State for Trade and Investment.
HSBC launches integrated banking account for SMEs
Product provides 33% discount on standard tariffs for selected trade services and 10% for telegraphic transfers.
Hong Kong gains edge in private banking
Proximity to business owners and those with strong business network in China gives Hong Kong advantage.
HSBC names executives in Asia Pacific global forex team
Lender combines global expertise with its local insight to deliver unique global FX offering throughout region.
HSBC China becomes market maker to trade RMB and Ringgit
Lender also provides ringgit exchange service through its branches in 24 key Chinese cities.
BEA to use RMB bonds proceeds for expansion
Lender not keen on divesting 20% stake of Canadian subsidiary as it profit soared 78%.
Hong Kong Mercantile Exchange picks Greenline for FIX solutions
Greenline provides FIX testing and certification solutions to help quickly and efficiently onboard commodities trading firms.
HSBC helps Air China complete ECA-backed aircraft financing
Lender's experience in overseas markets gave it edge to help carrier obtain guarantees from 3 ECAs.
China's central bank opens bond market to Hong Kong lenders
Promotes development of renminbi trade settlement in Hong Kong and enhance its Renminbi offshore business.
DBS appoints Sebastian Paredes Hong Kong unit CEO
Paredes comes in when DBS Hong Kong market value falls as it reported a $1.02bln writedown.
Hong Kong's credit card rates rising
52.4% of cards surveyed charged consumers carrying debt of 30% or above for annualised interest.
Chinese businesses targeting Hong Kong and Taiwan expansion
Expansion of cross-border RMB trade settlement and improved China-Taiwan relationship have resulted to huge opportunities and challenges.
Bright Smart outlines listing details on SEHK Main Board
Company targets to offer 16,680,000 shares for IPO on August 25.
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