Hong Kong
BEA's life insurance arm unveils new Wellcare Critical Illness Insurance plan
Premium period as short as 10 years.
Citi names Peter Yeung investment banking director
Yeung will be based in Hong Kong.
Wing Hang Bank rewards new investment account customers with special rates
Offers brokerage fee at $0.
RMB deposits in Hong Kong up 2.1% to RMB709.5b
Hong Kong-dollar deposits also rose 0.6%.
Hang Seng Bank's operating profit jumped 12% to $8,934m
Net interest income edged up 8%.
HK subsidiary of ICBC to offer Basel III-compliant US$ bonds
Will break new ground.
Moody's tags Wing Hang Bank's stake sales as 'credit negative'
Purchase likely to weaken its standalone liquidity profile.
What China Life's rejected Wing Hang Bank acquisition means for Hong Kong banks
It's a positive for smaller listed banks.
Why Hong Kong banks should be unfazed by Shanghai free trade zone
It's a healthy competition after all.
Why RMB globalization is still a long way off
Efforts to globalize the renminbi (RMB) reached a milestone when the currency joined the league of the most-traded currencies for the first time.
UOB Hong Kong targets doubling cross-border transaction
This will be within 3 years.
Overcoming Asian fragmentation to improve standardisation and automation
As discussed in a previous post, the fragmented nature of Asia Pacific’s financial services market leads to numerous challenges for banks when trying to create a standardised approach to the processing of corporate actions.
Will Qianhai jeopardize Hong Kong’s position?
In mid-2012, the China’s State Council approved the development of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone.
Here's how Hong Kong banks can benefit from the Qianhai opportunity
They can develop these 4 business areas.
3 challenges China banks will face amidst changing external environment
Slowing economy is one.
BEA unveils MPF asset consolidation bonus programme
Bonus may be up to 1.2% of total assets transferred.
Commentary
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