Financial Services
Hong Kong, Singapore eye grabbing a bigger share of the $540t derivatives business
Regulators have been in talks with the ASIFMA over the past five months.
Hong Kong, Singapore eye grabbing a bigger share of the $540t derivatives business
Regulators have been in talks with the ASIFMA over the past five months.
RMB deposits in Hong Kong up 1.6% to RMB534.7b in July
Overall foreign-currency deposits rose 0.2%.
Banks' funding and liquidity conditions to remain benign till 2018
But potential funding volatility will come from changes in banks' loan and deposit currency mix.
Hong Kong's 20 largest licensed banks in 2017
Hong Kong’s connection with the mainland may be its best asset yet.
Property sector a key risk for the banking system as home prices rise for 13 consecutive months
The prevalence of high-LTV second mortgages increases default risks for homebuyers.
Hong Kong banks' mainland exposures to pick up in the next two years
That is following a period of steady decline starting in 2014.
Hong Kong eyes tax incentives for I&T sector
It shall be announced in the October policy address.
Banks to have a 'very good' capital buffer for the next 12-18 months: Moody's
That is in response to the move towards more stringent regulatory requirements.
FTLife launches MediSave Medical Account
This is to keep pace with rising health care costs while growing wealth.
Banks expected to report stable profits in 2017
Fee income will improve in the next 12-18 months.
Broadridge Asia Pacific Ltd wins 2017 Hong Kong Business International Business Award for Financial Technology
The fintech firm’s outstanding project for a Japanese client was recognised.
Banks' problem loan ratio to remain stable over the next 18 months
The banks' asset quality is expected to be resilient.
Banking system credit growth to outpace nominal GDP growth in 2017
Expect a further increase in corporate and household indebtedness.
These factors are weighing on Hong Kong banks' credit profiles
Rising private sector debt is one key risk.
Hong Kong banks' mortgage lending to slow
Rising interest rates are to blame.
Hong Kong now has 14 tax data exchange partners
The newest tax deal that was signed was with New Zealand.
The Exchange Fund's foreign assets hit $3.3t in June
The Monetary Authority said the assets increased by $50b.