Hong Kong

Mr McCombe's resignation as non-executive director was effective from September 9.

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.

He said there is no immediate need for Hong Kong’s banks to raise capital amidst the debt crisis in Europe.

China Development Bank is seeking a US$400 million three-year term loan for working capital, according to Reuters.

He will be reporting to Farhan Faruqui, regional Head of Global Banking.

The Australian bank now has a licence from the Hong Kong Monetary Authority.

HKMA head said the HK dollar would lose its advantages if it is pegged to the Mainland’s currency.

The bank’s profit was better-than-expected estimate of $266.5mn by analysts.

China Ministry of Finance to sell the bonds to institutional investors on Aug 17.

Citi will add JCB credit card merchants in nine countries and territories throughout Asia.

The lender in a hiring spree amidst job cuts in HSBC and Barclays.

HSBC's businesses in Asia delivered profits before tax on a reported basis of US$ 6.8 billion in the first half of 2011.

Hong Kong delivered the highest profit of US$3.1b.

Demand is rising for banking and finance professionals across most of Asia and here Emma Charnock, Regional Director of Hays, discusses trends and current opportunities across the region from the latest Hays Quarterly Report.

While the fund industry witnessed a sharp fall following the financial tsunami in 2008, the impact of the global financial crisis (GFC) seems to have abated. In April this year, the custodian business recorded a historical high in asset under custody of about USD120 trillion, according to Global Custody. But beneath the promising signs of growth lurks mounting pressure on the industry with regulators tightening rules and both investors and regulators demanding greater transparency.

The lender wants to be in the forefront of innovation in banking ease by using more intuitive and user-friendly tablets.