Hong Kong

Here is what to blame.

Fund will be listed on Hong Kong Stock Exchange November 26.

The People’s Bank of China (PBoC) is likely to lift the RMB 20,000 daily limit on currency conversion for Hong Kong residents, according to the Hong Kong Monetary Authority’s chief executive Norman Chan. As we have long argued, the removal of the conversion cap is crucial to further facilitate the growth of the Hong Kong’s offshore RMB market (see “It’s time to review the personal conversion quota” 3 Apr 2012, and “How will HK maintain its RMB edge?” 25 Oct 2012).

LT Group Inc. becomes majority owner of Allied Banking Corp.

It'll comprise traders across key markets.

Thanks to an increase in the monetary base.

Here's what boosted this growth.

Most originally came from the mainland, however.

FX income fell 31% to US$660m.

It'll run until 18 December.

Find out what drove this rise.

Hopes now pinned on QE tapering.

Part of NBAD’s plans for domestic and international expansion.

But it's successful in holding share in business loans.

Among the global players, only HSBC has a material exposure to China.

Winning material share in personal credit and deposits.