Hong Kong

Banks will struggle to write new mortgages to offset an annual repayment rate of ~15%.

System deposit balance surged to HK$7tn.

Taxation framework for 'sukuk' are under way.

But the 51% slump in net fee income was disappointing.

But pre-provision operating profit rose by 5% to HKD18.9b in the first nine months of 2012.

Austria’s third largest bank can now do business in Hong Kong.

This brings the number of licensed banks in Hong Kong to 155.

Hong Kong banks will have to turn to local fund-raising strategies to meet Basel III’s tougher liquidity requirements.

Hong Kong and Singapore are popular places to build careers. When my company surveyed financial professionals there, about 80 per cent recommended their cities as places to live. Plenty of people from outside Asia want to break into these markets, too. Recruitment agencies, employers and job boards like mine all report a continued flow of CVs from the West into Asia.

Hong Kong ordered banks to toughen lending requirements for those with more than one mortgage on residential property.

SBI Cards aims to more than double its credit cards in circulation over the next three years.

Encouraged by the huge remittances in its Hong Kong branch, Bank Mandiri is aiming to strengthen its business in the said country.

An Asia-wide survey of the financial services sector found that 63% of Hong Kong banks and financial companies believe offshoring effective.

Bank of East Asia Ltd reported a net profit of HK$2.99 billion in the first-half.

Asian banks will continue expanding overseas to grow faster and improve yields.

US investment bank Piper Jaffray & Co will exit its money-losing operations in Hong Kong this September