Financial Services
HSBC appoints Henry Hou as head of Energy Solutions Sales
Before joining HSBC, Hou served in a number of roles at China's State Administration of Foreign Exchange for 11 years.
HSBC appoints Henry Hou as head of Energy Solutions Sales
Before joining HSBC, Hou served in a number of roles at China's State Administration of Foreign Exchange for 11 years.
Julius Baer appoints Kaven Leung as CEO North Asia and Deputy CEO Asia
Leung has an extensive 25 years background in Asian private banking, including as a Partner of Goldman Sachs.
Fears escalate as China expansion threatens Hong Kong banks
Fitch estimates gross mainland exposure could rise to about 35% of Hong Kong banking assets by 2012.
Citibank Global Consumer Group appoints Christine Lam as deputy country business manager
She will oversee the overall operation and development of Citibank’s retail banking business in Hong Kong.
Sec. Tsang hails new RMB rules
Financial Secretary John Tsang welcomed the promulgation of new rules on renminbi trade between Hong Kong and the Mainland.
HSBC expands CNY trade services to all China branches
The move will provide the lender widest geographic RMB trade coverage among all foreign banks in China.
Mortgage Corporation upgrades SME scheme
The SME Financing Guarantee Scheme will encourage banks to use the programme to help small and medium enterprises.
Hang Seng Bank appoints Andrew Fung Hau Chung as Executive Director
The terms of appointment of Mr Andrew Fung shall be for three years.
J.P. Morgan appoints David Koh as Head of Treasury Services Greater China
The former Deutsche Bank executive brings in 20 years’ global and regional experience in transaction and corporate banking.
HSBC back-up data centre completed by end 2013
The facility is located in Shatin, New Territories.
Hong Kong's dollar bond issuance hits record low
It slumped 12.3% to a mere HK$70.3 billion.
HSBC sells Canadian unit to Fulcrum Capital Partners
The transaction, which is subject to regulatory review and approval, is expected to close before 31 December 2011.
Hong Kong banks suffer from liquidity and credit quality risks
The banks were somewhat reliant on strong loan growth but though loans for domestic use have grown, almost 25% of the total loan book is now for use...
$100mn development fund open for applications
Fund seeks to enhance the standard of local professional services.
Gross insurance premiums surge 11% in 2010
General insurance business recorded 5.9% increase net premiums to $21.7bn.
64% of Hong Kong finance professionals feel job satisfaction
Ironically, they are the most pessimistic workers in the region, with 55% having a gloomy economic outlook.
PineBridge Investments appoints Desmond Tjiang as managing director
He will also be portfolion manager for Greater China and Hong Kong.
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