Hong Kong
HSBC Global Asset Management appoints Elizabeth Allen as director and head of credit research
She will head the Asia-Pacific operations, effective immediately.
HSBC Global Asset Management appoints Elizabeth Allen as director and head of credit research
She will head the Asia-Pacific operations, effective immediately.
Bank Of East Asia issues US$3bn Medium Term Note programme
The programme is aimed to achieve greater flexibility and diversity in the lender’s asset and liability management.
How does Hong Kong fare as international financial center
Comparing Hong Kong with Singapore: Which one is larger? Hard to tell
Hong Kong banks suffer from liquidity and credit quality risks
The banks were somewhat reliant on strong loan growth but though loans for domestic use have grown, almost 25% of the total loan book is now for use outside of Hong Kong.
HK to give grand welcome if UK banks transfer to ex-territory
Shareholder interest and profitability issues may force HSBC and other British banks to reconsider relocation.
Hong Kong banks’ loans to mainland entities exceed 20%
This means that a slowdown and liquidity squeeze there could impact the banks’ asset quality in China.
HSBC is world’s most valuable bank brand
But banks in the top 100 brands have lost $25.9b from their total brand value since January 2011.
HSBC appoints David May as head of equity research in Asia Pac
Chris Georgs was also appointed as global head of equity research.
Mark McCombe resigns as Hang Seng Bank director
Mr McCombe's resignation as non-executive director was effective from September 9.
Anita Fung appointed CEO of HSBC Hong Kong
HSBC announced that the bank's Group General Manager Anita Fung has been appointed Chief Executive Officer of HSBC Hong Kong, effective 12 Sept. 2011, reports Xinhua News.
“Hong Kong’s banks are well capitalized”: Nelson Man
He said there is no immediate need for Hong Kong’s banks to raise capital amidst the debt crisis in Europe.
China Development Bank seeks $400M onshore loan
China Development Bank is seeking a US$400 million three-year term loan for working capital, according to Reuters.
Citi appoints Gary Kuo as vice chairman of Asia Global Banking
He will be reporting to Farhan Faruqui, regional Head of Global Banking.
Macquarie Bank enters Hong Kong
The Australian bank now has a licence from the Hong Kong Monetary Authority.
HK Monetary Authority rejects pegging HKD to CNY
HKMA head said the HK dollar would lose its advantages if it is pegged to the Mainland’s currency.
BEA first half profit up 29% to $345.74mn
The bank’s profit was better-than-expected estimate of $266.5mn by analysts.
BoCom appointed to handle US$3.1bn dim sum bond issue
China Ministry of Finance to sell the bonds to institutional investors on Aug 17.