Financial Services
Hong Kong set to launch new banknotes
The two batches of the release of 3 denominations of the 2010 Series Hong Kong Banknotes will be on Nov. 22 and days before the Lunar New Year.
Hong Kong set to launch new banknotes
The two batches of the release of 3 denominations of the 2010 Series Hong Kong Banknotes will be on Nov. 22 and days before the Lunar New Year.
Credit China forms JV at a consideration of HK$198.9mn
The move to capitalise on demand for small loan services and expand market reach to Chongqing.
63% of Chinese women lead financial planning in households
It’s mom who gets a say on how to spend the family income.
Financial Sec ensures financial stability
Hong Kong is working towards financial stability in view of the importance of tackling counterparty risks across global financial markets, according...
Dim Sum demand lessen benefit from buying yuan in HK
China’s shift toward policies that support economic growth spurs demand for Dim Sum bonds. This in turn reduce the benefits from buying yuan in Hong...
Hong Kong receives 1,473 applications for SME scheme
The scheme’s popularity prompted total loan guarantee commitment to rise by $10bn.
Hong Kong to keep currency peg to US dollar, says Tsang
William Ackman, founder of hedge fund Pershing Square Capital Management LP, will “lose a lot of money” on his bet that Hong Kong will amend its...
HSBC’s profit jumps 50% to US$7.2b in 3Q11
In Hong Kong, profit-before-tax was up by US$100m, boosted by strong growth in the commercial banking and global banking market.
Hong Kong promoted in LA
Financial Secretary John Tsang lured US businesses to take advantage of Hong Kong's being a global financial hub.
Hong Kong and Malta sign tax treaty
Hong Kong's Secretary for Financial Services and the Treasury, Professor K C Chan, signed a tax treay with the Republic of Malta.
Invest Malaysia presented to Hong Kong
Invest Malaysia has been presented to Hong Kong fund managers Bursa Malaysia Bhd in partnership with OSK Investment Bank. The second Invest Malaysia...
Hang Seng Securities and Guangzhou Securities set up JV
The company will provide Mainland customers with securities investment advisory services under China and Hong Kong Closer Economic Partnership...
BOC Hong Kong to offer $750m US notes
They will carry an interest rate of 3.75% and have a five-year maturity period from its issue date of 8 November 2011.
RMB deposits up 2.2% to 622.2b
Total remittance of the renminbi for cross-border trade settlement amounted to 190.6 billion yuan.
Exchange Fund assets plunge 37.1% to $2t
And Hong Kong dollar assets alone decreased by $22.3 billion.
September mortgage loans drop 6.4% to $13.8bn
Yet approvals for primary market transactions surged 2.6% to $2.6bn.
BoC emerges as Hong Kong’s top CNY-denominated bond underwriter
The Beijing-based bank beats HSBC in Dim Sum market in October.
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