Hong Kong
Check out how rising interest rates will affect Hong Kong banks' profits
Hang Seng and HSBC will benefit the most.
Check out how rising interest rates will affect Hong Kong banks' profits
Hang Seng and HSBC will benefit the most.
Standard Chartered RMB globalisation index reaches record high of 925
London’s market share surpassed Singapore’s.
These are the 5 key priorities for Asia Pacific treasurers over the next 2 years
Cash flow forecasting is the primary challenge.
Hong Kong's dominant role to remain in RMB trading
Given that RMB is fungible offshore, the emergence of new offshore centres simply expands the existing regime instead of creating competing systems. As such, we do not expect the recent development to have much impact on Hong Kong; especially when the market is already relatively mature after eight years of development. Being an important entrepot of the mainland, Hong Kong is currently handling more than 80% of all RMB payments and receiving over 50% of all letters of credit sent by banks in China (Chart 1).
Standard Chartered completes its pilot CNH HIBOR Fixing IRS
It's structured using the new 3-month CNH HIBOR Fixing.
Citi trades first ever CNH/USD cross–currency swap transaction
Transaction will be effective in early July.
More countries use RMB for more than 10% of their payments with China and Hong Kong
There are now 47 countries worldwide.
Doha Bank to open in Hong Kong
Expects to have an office in the next few months.
HSBC developing tailor-made financial services
Targets are Chinese companies planning overseas ventures in Europe.
Galaxy Securities takes in US$1.07 billion from HK IPO
It’s one of Hong Kong’s largest deals since late 2012.
BOC Hong Kong backs SME financing
Launches privileged guarantee fee subsidy.
Standard Chartered appoints Philip Tulk as conglomerates, hotels and gaming analyst
In a statement, Standard Chartered announced the appointment of Philip Tulk as Conglomerates, Hotels and Gaming Analyst. Philip is based in Hong Kong and reports jointly to John Chan, Head of HK/China Property, Conglomerates & Gaming Research and Erwin Sanft, Head of China/HK Equity Research. In this role, Philip will be responsible for covering the greater China gaming and hotels sector. He will also work closely with John Chan to provide a strategic view of the Hong Kong conglomerates sector. Philip joins the Bank from Royal Bank of Scotland, where he was head of the Asian conglomerates and gaming research. He brings more than 15 years of sell-side experience to Standard Chartered, having previously held roles at Lehman Brothers, DBS, and HSBC. Welcoming Philip to the Bank, Erwin Sanft said, “Philip’s addition to the team demonstrates our commitment to delivering a compelling research value proposition to our clients. I believe Philip’s wealth of experience will be invaluable in bringing our capabilities and service offerings to a new level. I look forward to his contribution as we continue to deliver on our Hong Kong and China franchise ambitions.”
BOCHK's pre-provision profit up 3% to HK$6,991m
Here are 3 key highlights.
HK and Singapore banks fear losing key staff
Nine in 10 banks and financial services firms also experience recruitment problems.
J.P. Morgan appoints Dianne Challenor as head of transaction services for Asia Pacific
Ms. Challenor was previously Citigroup's Hong Kong-based chief operating officer for Asia Pacific. She will continue to be based in Hong Kong at J.P. Morgan.
BOCHK is best geared to positive CNH developments
Thanks to HKMA easing restrictions on offshore RMB.
See what drives the growth of CNH deposits in Hong Kong
RMB deposits in HK have grown tenfold.
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