Financial Services
HKMA QFII quota exceeds US$1 billion
Becomes first foreign institutional investor granted this sum.
Insurance industry posts H1 gross premiums of $143.7 billion
But underwriting profit falls 6% to $1.5 billion.
HK banks up rates ahead of long October holiday
Trying to prevent cash squeeze on renminbi funds.
Total deposits jumped 1.5%
Hong Kong-dollar deposits up 0.3%.
Exchange fund's total assets jumped to $2.8t in July
On the back of higher foreign currency assets.
July mortgage loans jumped 1.2% to $15.8b
Mortgage loans for refinancing up 16%.
Hong Kong’s monetary base dipped $2.1b
Higher risk-free rate triggered fund outflows.
Hong Kong companies flee renminbi
Expect business climate in HK to worsen.
Exchange Fund’s foreign assets fell by $29.7b in July
It now stood at $2.4836t.
China bad debt bank to IPO in Hong Kong
Here's what experts say.
Yue Xiu makes US$1 billion bid for Chong Hing Bank
Is arranging financing for expanded acquisition.
CLS Group opens in HK
Increases the number of Asian currencies it settles.
New stock index futures contract starts Aug 12
Tracks mainland companies listed in Hong Kong and China.
Hong Kong’s FX falls to $299.9 billion
First time it’s below the $300 billion level.
Warning out on bogus website
It resembles Wing Hang Bank's official site.
Hang Seng Bank's loan volume barely hurt by intense deposit competition
1H13 profit hit HK$18.5m.
The checks and balances on Hong Kong’s credit commitments
The Hong Kong Monetary Authority (HKMA) recently highlighted a number of ‘warning signs’ that the territory’s economy was in danger of over-heating...
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