Hong Kong
Exchange Fund total assets up by $4.2bln
July total deposits rose 1.8%, with 1.1% and 2.5% rise in HK dollar and foreign-currency deposits.
Exchange Fund total assets up by $4.2bln
July total deposits rose 1.8%, with 1.1% and 2.5% rise in HK dollar and foreign-currency deposits.
HKEx mulls opening Renminbi futures market
Market with 1mln yuan per contract, targets to broaden acceptance of currency by international trade partners.
HSBC offers Renminbi-denominated retail CDs
HK$57,305 minimum subscription can yield interest payments of 2 per cent per annum upon maturity.
DBS Hong Kong to pay Lehman buyers HK$651mln
Lehman Brothers notes buyers classified as having low to medium risk would get money plus interest.
HSBC says Hong Kongers most affluent in Asia
Over a third of Hong Kong assets invested in stocks and a quarter in RMB.
HSBC plans selling private equity units
British bank HSBC is in talks that could lead to five separate management buyouts of its private equity fund management businesses as banks go back to focusing on core operations.
HSBC launches investment solution for unit trusts
FundMax enables unlimited transactions and switching between funds for a single monthly fee.
StanChart strengthening equities operations in Asia
Plans doubling its Hong Kong 40 research analysts and expand in South Korea and India.
Hang Seng enhances wealth management offerings
Hang Seng became the first bank in Hong Kong to set an RMB prime as the base rate for RMB finance.
StanChart to hire 500 in HK for wealth management
Standard Chartered Plc. said it is planning to hire 500 more employees this year for its wealth management business in Hong Kong in time for Asia's wealth surge.
BoCom shares dip after news on rights offer
Following a newspaper article saying the lender may raise more than 20 billion yuan, or $2.9 billion, in a rights offer, Bank of Communications shares dropped to their lowest in more than three months in Hong Kong trading.
BOCHK’s subordinated notes rated 'BBB+'
Standard & Poor's assigned its 'BBB+' rating to BOCHK’s proposed US dollar-denominated subordinated notes due 2020.
Penjing, Triple A form hedge fund venture
Penjing Asset Management entered a joint venture agreement with Triple A Partners to raise capital to start hedge funds in Asia.
BEA widens product range with constituent funds
The Bank of East Asia Limited has launched four constituent funds under its Mandatory Provident Fund schemes.
AIG Finance HK acquired by CCB Asia
The deal beefs up China Construction Bank's customer base and services for small and medium enterprises.
Morgan Stanley resells 34.3% stake in CICC
Morgan Stanley's possible $1 billion deal will remove hindrance in expanding its presence in mainland China.
Panoramic enters introducing agent deal with Carax
Hong Kong-based investment firm Panoramic has been appointed as the first Introducing Agent on behalf of Carax, Monaco.
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