Financial Services
HSBC to arrange Chinatex’s Hong Kong syndicated loan
The partnership of the two companies to leverage HSBC’s Greater China strength.
HSBC to arrange Chinatex’s Hong Kong syndicated loan
The partnership of the two companies to leverage HSBC’s Greater China strength.
Interbank rates will stay low until early 2013, says analyst
HKD interbank rates could rise more slowly than USD rates amidst ample liquidity environment.
Second quarter credit card receivables up 3.9% to $87bn
Yet delinquent amount surged to $176mn at end of June from $162 million at end of March.
Exchange Fund foreign assets reach over $2 trillion
That’s an $8.6 billion increase in June.
Sino-Life turnover up 17.5% to RMB36.2mn
The group’s new marble trading business has made considerable profit contribution.
HKMA and Taiwan FSC to cooperate in baking supervisory
The HKMA and the Taiwan Financial Supervisory Commission cooperate in banking supervisory.
ACE Life launches its CNY-denominated endowment plan
ACE Renminbi Endowment Plan offers competitive guaranteed returns and potential gains from the appreciation of the currency.
RMB15bn sovereign bonds to be issued Aug 17
RMB5 billion in five-year bonds, RMB3 billion in seven-year bonds and RMB1 billion in 10-year bonds will be made available for institutional...
HSBC to cut savings rate
The cut is for yuan deposits without tenure.
Credit China profit up 127.1% to RMB58.5mn
Recorded turnover reached RMB105.6mn, 134.1% higher while profit attributable to owners of the Company amounted to RMB58.5mn.
Tender of 2-Year Exchange Fund Notes to be held on August 16
The Hong Kong Monetary Authority will hold a tender of 2-year Exchange Fund Notes on August 16, 2011 for settlement on August 17, 2011.
Tsang warns investor on market fluctuations
Financial Secretary, Mr John C Tsang, said that the Government would keep a close watch on developments globally, and continue to monitor the local...
Dah Sing Life launches recruitment and training centre
The insurer aims to support long term business growth by broadening talent pool.
HSBC's pre-tax profit up 16% to US$6.8b in H2 2011
And Hong Kong delivered delivered profits of US$3.1 billion, up 7%.
HKMA publishes tentative issuance schedule for government bonds
The Hong Kong Monetary Authority has published a tentative issuance schedule for Government Bonds offered under the Institutional Bond Issuance...
Kingdee takes over Guangzhou Wisetop Computer
The acquisition will provide make Kingdee secure market leading status for integrated informatisation service in medical industry.
Swire Pacific appoints 2 new Executive Directors of John Swire & Sons HK
Geoffrey Leslie Cundle and Tang Kin Wing Augustus will serve in the Group’s holding company.
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