Hong Kong

It's time to be hands-on

It is tough being a CEO in a Financial Institution in these times. It is not that public has a view of bankers which may not help but how does a CEO negotiate these challenging and turbulent times? It is the strategic issues which give many sleepless nights. It does not matter, whether one leads large national, regional or global banks, the issues are similar.

It's time to be hands-on

It is tough being a CEO in a Financial Institution in these times. It is not that public has a view of bankers which may not help but how does a CEO negotiate these challenging and turbulent times? It is the strategic issues which give many sleepless nights. It does not matter, whether one leads large national, regional or global banks, the issues are similar.

China Merchants Group names Fu Yuning Chairman

China Merchants also appoints former executive of Cosco, Li Jianhong, as its new president.

Bank of East Asia and Affin seal MoU

MoU strengthens lenders' ability to serve customers and tap opportunities in Greater China and Southeast Asia.

HSBC launches integrated banking account for SMEs

Product provides 33% discount on standard tariffs for selected trade services and 10% for telegraphic transfers.

Hong Kong gains edge in private banking

Proximity to business owners and those with strong business network in China has given Hong Kong advantage at the mass affuent priority banking level.

BEA to use RMB bonds proceeds for expansion

Lender not keen on divesting 20% stake of Canadian subsidiary as it profit soared 78%.

Hang Seng sees 30% yuan deposit growth

Lender has raised its loans-to-deposit ratio to 58% behind 1.77% first half net interest margin.

StanChart and HSBC to launch higher-yielding RMB products

Regulators sealed agreement allowing HK financial institutions to offer higher returns on yuan savings accounts.

HSBC releases new RMB investment product

Lender will launch RMB FX-linked deposits and preferential time deposit with 1.41% per annum rate.

StanChart to begin AgriBank partnership in Hong Kong

StanChart's will offer advice to AgriBank on conducting business on its home market after investing $500mln.

Bank Of Communications culminates Hong Kong rights issue

BoComm was able to raise $2.29bln from the H-shares offering.

HSBC unveils Renminbi internet banking services

The service was prompted by HSBC's renminbi trade settlement volume which jumped 200% in May.

Job seekers pack their bags for the right opportunity

We’ve seen an increasing number of skilled professionals are relocating in order to secure their next career step. For many professionals, relocation helps to realise personal career ambitions that cannot be achieved locally.

Chinatrust plans to acquire Nan Shan from AIG

AIG still silent on lender's offer previously tagged at $2.15bln by rival bid.

AgBank IPO draws China funds and HK banks

Lender intends to raise record setting $23bln before listing in mid-July.

Chinatrust quits Nan Shan unit acquisition

The $660mln takeover failed to materialise as lender let the acquisition agreement to expire.

Christina Ng: Is the current market growth sustainable?

There has been a general buzz in the Hong Kong market recently mainly due to the strong equities and real estate markets. With most firms’ profit beating forecasts, profit announcements by the bulge bracket investment banks have been better than expected. Quarter-on-quarter hiring has also improved, although on an adjusted basis. Quarter two and three traditionally experienced stronger hiring irrespective of a bull or bear market. Hence, increased hiring activity should also be viewed conservatively as a seasonal trend rather than be attributed wholly to market growth.