Financial Services
Extreme investor caution drives down HKEx profit by 14%
Hong Kong Exchanges & Clearing Ltd reported a 14% year-on-year drop in in net income to HK$2.22 billion in the first half.
Extreme investor caution drives down HKEx profit by 14%
Hong Kong Exchanges & Clearing Ltd reported a 14% year-on-year drop in in net income to HK$2.22 billion in the first half.
StanChart misses profit target growth of 10% for H1
Standard Chartered PLC falls a single percent short of its pretax profit target for the first-half of this year.
HSBC profit plunges in H1 2012
The Eurozone’s enduring financial malaise forced an 8.4% drop in the net income of HSBC Holdings Plc.
Hang Seng Bank grows in a slowing economy
A growth in lending income propels profits of Hang Seng Bank Ltd by 14%.
AIA takes out billion dollar loan for ING insurance buy-in
Hong Kong’s top insurance company will finance its planned acquisition of ING Group NV’s insurance operations with bank loans.
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Foreign investors urged to use renminbi in Hong Kong deals
China is encouraging foreign investors to use the renminbi or yuan for trade and investment in Hong Kong.
Hong Kong opens financial dispute resolution centre
Hong Kong takes another step to preclude massive investor losses from unregulated equities trading.
Hong Kong launches cross-border collateral management service today
Hong Kong boosts its position as a prime offshore renminbi liquidity center.
China Construction Bank sees strong growth in yuan loans
The Hong Kong branch of state-owned China Construction Bank Corporation plans to double its yuan-denominated assets.
HKEx appoints Stephen Marzo as chief financial officer
Henry Ingrouille was also appointed as chief administrative officer.
KEB opens trade finance center in Hong Kong
A major Korean bank has opened a financial center in Hong Kong for the first time.
Hong Kong Land issues US$500 million worth of 10-year notes
The notes will earn a coupon of 4.5% per annum, tempted already?
HSBC puts on hold plans to transfer to Hong Kong
HSBC plans to stay in London despite the huge expense of doing business in the British capital.
Losing your mobile worse than losing your wallet
It takes just a few minutes for people to realize they have forgotten their mobile phone after leaving home; but it takes in general much longer for...
HSBC to part with subsidiaries in four South American countries
HSBC Holdings is in talks on a possible sale of its operations in Colombia, Paraguay, Peru and Uruguay as part of its global strategy to boost...
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