Hong Kong

Bank of East Asia profit up 3%

Net profit for FY11 was HK$4.36b.

Bank of East Asia profit up 3%

Net profit for FY11 was HK$4.36b.

HSBC continues retail banking restructuring

The banking giant sells off four units in just two days.

European funds to continue retreat from Asia

An almost desperate need to bolster their balance sheets will ensure European banks will continue to lose leverage in Hong Kong and the rest of Asia.

European banks slow down lending in ominous omen

European banks have begun lending less to Hong Kong in December, fueling fears the Eurozone contagion could be worsening.

HK Banks resilient: HKMA official

Hong Kong's banks are coping with global economic uncertainty.

Bankers beware: World economy faces catastrophic 2012

Europe stands poised to drag the world into another recession.

Desperation begins to set in as banks continue dumping loan assets

The mighty continue to fall victim to the ever-worsening fund drought.

BofA appoints Killingback head of Asia mergers advisory

Bank of America Corp. named David Killingback head of mergers advisory for the Asia-Pacific region outside Japan.

Here comes the international renminbi

China has just implemented a pair of key steps geared at turning the renminbi or yuan into an international currency.

KEB becomes 1st S. Korean underwriter in Hong Kong

Korea Exchange Bank has been issued a license by the Hong Kong authorities to act as an underwriter for securities.

Standard Chartered: nine straight years of profitability

A continuing focus on the rest of the world again pays off big for Standard Chartered plc.

ABN Amro reopens branch in Hong Kong

The commercial banking unit in Hong Kong is staffed by two bankers.

Hong Kong banking bill 2011 amendments to be gazetted

Hong Kong's Banking  Bill 2011 will be gazetted on December 9.

Find the nearest ATM with your iPhone

GRGBanking just launched its first iPhone app “ATM Finder”.

Global volatility, not Euro crisis to affect HK banking: Sec KC Chan

While Hong Kong’s banking sector does not have a high level of exposure to European countries with severe sovereign debt problems, the global financial markets may still adversely impact Hong Kong's banking sector.

Morgan Stanley gets restricted banking license in Hong Kong

The Hong Kong Monetary Authority  has granted a restricted banking licence to Bank Morgan Stanley AG under the Banking Ordinance.  The granting of this restricted banking licence took effect on November 23, 2011.

What you need to know about HK banks’ EU exposure

Can HK banks dispel the risks from European banks’ fundings?