Hong Kong
Enhancing fund governance for sustainable growth
While the fund industry witnessed a sharp fall following the financial tsunami in 2008, the impact of the global financial crisis (GFC) seems to have abated. In April this year, the custodian business recorded a historical high in asset under custody of about USD120 trillion, according to Global Custody. But beneath the promising signs of growth lurks mounting pressure on the industry with regulators tightening rules and both investors and regulators demanding greater transparency.
Enhancing fund governance for sustainable growth
While the fund industry witnessed a sharp fall following the financial tsunami in 2008, the impact of the global financial crisis (GFC) seems to have abated. In April this year, the custodian business recorded a historical high in asset under custody of about USD120 trillion, according to Global Custody. But beneath the promising signs of growth lurks mounting pressure on the industry with regulators tightening rules and both investors and regulators demanding greater transparency.
StanChart to replace PCs with iPads
The lender wants to be in the forefront of innovation in banking ease by using more intuitive and user-friendly tablets.
Standard Chartered appoints Darcy Lai as Regional Head
Darcy will head Origination and Client Coverage and was most recently with Barclays Capital as Head of Investment Banking and Debt Capital Markets in Asia Pacific.
Hong Kong banks help provide elderly with financial options
Seven Hong Kong banks joined the Mortgage Corporation’s Reverse Mortgage Programme to help provide elderly with additional financial planning option.
HSBC Global Asset Management names Bill Maldonado as Asia-Pacific CIO
The lender banks on Maldonado to lead the lender’s investment team in Asia, which aim to capture the growing wealth in the region.
Offshore RMB market strengthens HK's status: report
The offshore RMB market will strengthen the competitiveness and status of Hong Kong as an international financial center, according to the Economic Review.
Why are transfer pricing tensions increasing in Asia?
The economic landscape is not looking very promising and transfer pricing audits are escalating in both intensity and frequency. Developed nations are struggling with significant debts and deficits as their economic growth stagnates, while developing nations have now latched onto the idea that they should reap the benefits associated with their low cost bases and their large untapped markets.
HSBC appoints Michael Paulus as Asia Pacific head of public sector
He will be reporting locally to Andrew Zeissink, Head of Financial Institutions Group for Asia Pacific.
Hang Seng Bank expands non-interest income sources
The lender is currently ready to distribute mutual funds is already in talks with fund management companies about possible cooperation.
Is Hong Kong’s banking sector in trouble?
The Royal Bank of Scotland says there is risk of a financial crisis after an extended period of ultra-loose monetary conditions in Hong Kong.
HKMA warns against fraudulent StanChart email
HKMA wishes to alert members of the public in Hong Kong to an e-mail purporting to be sent from Standard Chartered Bank Hong Kong Limited.
NAB names Christine Yates Australia debt market origination head
Yates’ has 15 years of experience in corporate banking, with skills in project and acquisition finance, debt advisory, syndicated loans, corporate bond orgination and institutional relationship banking.
China Everbright Bank expects July listing in Hong Kong
China Everbright Bank Co. is expected to list at the Hong Kong Stock Exchange as early as mid-July.
FATCA: A shake-up in the World of Finance and Banking Secrecy?
A new American tax law has the potential to shake-up not just the U.S. tax reporting system, but also the way financial institutions do business globally.
Hang Seng Bank names Fred Hu non-executive director
The economist will receive HK$340,000 per year while currently chairing Primavera Capital.
HSBC eyes to extend renminbi products to Australia
The lender’s introduction of new products to Australia to hedge their currency risk in doing business with China, a major consumer of Australian mineral and energy resources.
China Minsheng Bank targets issue of $3.15bn bonds
The bond issuance could help to expand the bank’s funding sources and lower the cost of funding.
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