Hong Kong
Hang Seng, CSL unveil expansion of mobile payment service
Find out what's in it for customers.
BEA unveils i-Pay mobile payment service
Can be used with any smartphone and on any network.
Hang Seng teams up with CSL to boost mobile payment service
Upgraded service to be available early next year.
This is the only Hong Kong bank likely to post growth in profitability
Others are seen to deteriorate.
Hong Kong banks' NIM slid down to 1.41% in 3Q13
Here is what to blame.
Hang Seng Bank is first Hong Kong bank with RQFII ETF
Fund will be listed on Hong Kong Stock Exchange November 26.
What you should know about lifting the offshore conversion cap
The People’s Bank of China (PBoC) is likely to lift the RMB 20,000 daily limit on currency conversion for Hong Kong residents, according to the Hong Kong Monetary Authority’s chief executive Norman Chan. As we have long argued, the removal of the conversion cap is crucial to further facilitate the growth of the Hong Kong’s offshore RMB market (see “It’s time to review the personal conversion quota” 3 Apr 2012, and “How will HK maintain its RMB edge?” 25 Oct 2012).
HKMA approves ownership bid for HK-based Philippine bank
LT Group Inc. becomes majority owner of Allied Banking Corp.
StanChart establishes Global RMB Trading team for clients
It'll comprise traders across key markets.
Hong Kong banks' total deposits inched 2.9% higher
Thanks to an increase in the monetary base.
StanChart RMB globalisation index inched 3% higher to 1,183
Here's what boosted this growth.
Hong Kong has 30 billionaires
Most originally came from the mainland, however.
4 biggest lowlights behind HSBC's third quarter results
FX income fell 31% to US$660m.
BEA unveils 2013-2014 tax loan programme
It'll run until 18 December.
HSBC's loan growth edged up by a tad 1.7%
Find out what drove this rise.
HSBC's net interest margin widened to 2.22% in 3Q
Hopes now pinned on QE tapering.