Financial Services
6 big-time impacts on Hong Kong if US interest rates rise
Will margins increase too?
Raiffeisen Bank opens in Hong Kong
Will focus on trade and corporate finance solutions.
GD retirees to get $1,135 monthly allowance
30,000 seniors to benefit.
HK to sell US$3.8 billion in renminbi bonds
Sale will boost the city’s status as a major renminbi center.
Expect RMB23b sovereign-bond issues in 2H: Government
Renminbi sovereign bonds to be issued twice this year.
Two Blue Chips to do HK IPOs
Both could raise up to US$1.8 billion.
Hong Kong’s 20 largest licensed banks 2013
New offerings range from smart ticketing service to extended trading hours Foreign banks have topped Hong Kong Business’ inaugural top 25 bank...
Renmibi deposits in Hong Kong jumped 1.4% to RMB677.2b
As total deposits inched 1.5% higher.
Hong Kong's fiscal surplus hit $13.4b in April
Due to land premium receipts.
Renminbi deposits in HK post record rise
Increase due to speculation China will accelerate exchange-rate reforms.
Insurance gross premiums in Hong Kong jumped 15.2% to $72.4b
Check out how each segment fared.
China Everbright Bank will IPO in Hong Kong
Expects to earn from US$1.5 billion to US$2 billion.
Third iBond issuance unveiled
Maximum issuance size is at $10b.
Hong Kong's mortgage loans fell 25.1% to $16.2b
As mortgage applications dropped 28.4%.
Government issues warning against bogus email
It was allegedly from the Industrial & Commercial Bank of China.
UBS Securities fined $1.6m for regulatory breaches
It also failed in internal controls implementation.
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