Hong Kong

JP Morgan launches direct custody & clearing platform in Hong Kong

Michael Drumgoole was appointed as Asia Pacific head of the business.

JP Morgan launches direct custody & clearing platform in Hong Kong

Michael Drumgoole was appointed as Asia Pacific head of the business.

Islamic finance bill up for approval

Hong Kong takes a major step in advancing Islamic financing.

StanChart set for another good year

Operating profit grew less than 10%, however.

Hong Kong banks to suffer from profit decline post QE3

Banks will struggle to write new mortgages to offset an annual repayment rate of ~15%.

Hong Kong Islamic finance bill gears up for 2013

Taxation framework for 'sukuk' are under way.

Chongqing Rural Commercial Bank's net profit up 28.1% to RMB1.36bn

But the 51% slump in net fee income was disappointing.

Analyst worried over BOCHK's unsustainable trading income-driven revenue

But pre-provision operating profit rose by 5% to HKD18.9b in the first nine months of 2012.

Raiffeisen Bank International now in Hong Kong

Austria’s third largest bank can now do business in Hong Kong.

Raiffeisen Bank International AG gets banking license in Hong Kong

This brings the number of licensed banks in Hong Kong to 155.

Hong Kong banks on their own in Basel III

Hong Kong banks will have to turn to local fund-raising strategies to meet Basel III’s tougher liquidity requirements.

Ten ways to crack the job market in Hong Kong and Singapore

Hong Kong and Singapore are popular places to build careers. When my company surveyed financial professionals there, about 80 per cent recommended their cities as places to live. Plenty of people from outside Asia want to break into these markets, too. Recruitment agencies, employers and job boards like mine all report a continued flow of CVs from the West into Asia.

Hong Kong banks told to toughen home mortgage requirements

Hong Kong ordered banks to toughen lending requirements for those with more than one mortgage on residential property.

SBI Cards plans to double its credit card base by March 2015

SBI Cards aims to more than double its credit cards in circulation over the next three years.

Indonesia's Bank Mandiri to fortify Hong Kong unit

Encouraged by the huge remittances in its Hong Kong branch, Bank Mandiri is aiming to strengthen its business in the said country.

Offshoring popular among Hong Kong banks

An Asia-wide survey of the financial services sector found that 63% of Hong Kong banks and financial companies believe offshoring effective.