Hong Kong

 

The bank’s entry into the renminbi bond market will permit investors to diversify their currency holdings and expand their renminbi exposure.

The index aimed to monitor the total returns of offshore renminbi bonds.

The bank seeks partner for wealth management, insurance and asset management through a joint venture or by buying a stake in another company.

The bank’s global banking expanded with Robin Phillips and Kevin Adeson Co-Heads while Jose-Luis Guerrero and Spencer Lake will be Global Markets co-heads.

Raynaud 12 year experience includes contribution to the integration process of Fortis Banque SA/NV and BNP Paribas.

33 Consul-generals and counselors visited GRG Banking industrial park on the morning of December 9, 2010 to see the product demonstrations.

A 54% increase in the confirmed total revenue came in from BOC in 2010. This came from the signed contract between BOC and GRG Banking Equipment.

The US$50 million equivalent multi-currency transferable term loan facility included the first-ever renminbi syndicated loan facility in Hong Kong.

The US bank regains its focus to revitalize its Asian presence by advising on mergers and acquisitions in the region.

The lender capitalizes on Batepati’s extensive experience in equities, FX, rates, derivatives and commodities for its structured finance business.

HSBC will allocate increased resources to grow the number of branches and enhance the capabilities of its existing locations. By expanding its branch network in Hong Kong, HSBC will further commit itself to local customers by providing deeper coverage and a broader range of services. “Branches continue to play a pivotal role in personal financial services and are critical to our strategy in Hong Kong,” said Mark McCombe, Chief Executive Officer of HSBC, Hong Kong at the grand opening ceremony of HSBC Premier Centre at Elements in Tsimshatsui.   Francesca McDonagh, Head of Personal Financial Services, Hong Kong, said, “To better serve our evolving customer base, HSBC will increase the number of branches, enhance selected branches and optimise branch facilities across Hong Kong. Moreover, in view of the business opportunities brought by the broad potential customer base from mainland China and Taiwan, we will strive to provide services and solutions to cater to their banking and investment requirements.”

The company and its banking unit to use proceeds to strengthen their core capital and sustain business growth.

HSBC’s new security device carries an innovative transaction-signing function that provides enhanced protection for existing online services. It was launched specifically for Hong Kong customers.

Harvard-educated Coglin has 20 years of experience in providing exceptional private banking services to clients.

MOUs to likely pave way for future direct yuan settlements between BOC and Taiwanese lenders.