Financial Services

Outbound M&A hits record value of transactions in Greater China last year

Regional bidders seen to remain acquisitive despite highly volatile, uncertain economy outlook.

Outbound M&A hits record value of transactions in Greater China last year

Regional bidders seen to remain acquisitive despite highly volatile, uncertain economy outlook.

Credit China issues CNY100mn bonds

The group has become the first GEM listed company to issue offshore Renminbi-denominated bonds.

Insurance industry’s total gross premiums up 14%

Total gross premiums of the Hong Kong insurance industry amounted to $114.7 billion in the first half of 2011.

Lending spree: Loans and advances up 1.5% in July

Loans for use in Hong Kong rose by 0.7% compared to June 2011.

Hang Seng Bank appoints senior executives

Nixon Chan picked as as Head of Retail Banking and Wealth Management, while Donald Lam assumed Corporate and Commercial Banking leadership role.

Ongoing challenges hinder growth of foreign fund management firms in China

Regulatory constraints and limited distribution channels cause market share and assets under managementto remain stagnant.

HKMA grants Sweden's SEB banking licence

Hong Kong now has 150 licenced banks.

OSK Investment Bank launches new resources fund in Hong Kong

The move is part of plan to boost presence in Hong Kong with Islamic funds eyed in follow-through activities.

Approved mortgage loans drop 33.7%

New applications declined 22.6% amidst fall in transaction volume in both June and July.

Macquarie Bank enters Hong Kong

The Australian bank now has a licence from the Monetary Authority.

More than 2m Scheme $6,000 forms out

The public has been urged not to rush to pick up the forms as they are sufficient.

What you need to know about AIA’s new hires

There will be three new appointments to its senior management team.

AIA Hong Kong and Macau unveils new critical illness plans

Executive Care Pro and Multiple Care Pro aimed to bridge the protection gap with the most comprehensive coverage.

American Express and Groupon Hong Kong join forces

Collaboration between companies in Hong Kong enables new ways for consumers to take advantage of rewards points.

The jobs are plenty but few are qualified: 93% of HK employers struggling to fill vacancies in finance

Although 30% of companies intend to increase their full-time staff in 2H11, finding skilled professionals remains a challenge.

Hong Kong becomes the lender for Chinese firms

This is amidst the central government’s attempt to lower the inflation rate.