Financial Services

Licensed banks in HK now 155

Latest addition is China Everbright Bank.

Licensed banks in HK now 155

Latest addition is China Everbright Bank.

HKMA warns of fraudulent website

No, www.winghggroup.com is not the official website of Wing Hang Bank.

Bankers protest tough IPO rules

Warn that proposed rules could choke-off investment into Hong Kong.

HSBC to pay US$1.9 billion money laundering fine

Payment to settle probe by U.S. federal and state authorities.

Hong Kong banks poised for mild earnings growth in 2013

Margins will trend lower as yields fall further.

AAG gets cold feet

Postpones Hong Kong IPO because of challenging market.

Insurance industry reports heartening growth

Gross premiums and underwriting profit rise during the first three quarters.

Exchange Fund assets slip $34.1b

HKD assets decreased by $22.6b.

Foreign currency deposits up 2.2%

And RMB deposits increased 1.7$ to RMB554.8b.