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  1. Business - Banking & Finance - COMMENT

    Acquisitions no easy way for Singaporean banks to win in Hong Kong, mainland China

    Posted Apr 07th 2014, 04:38am by George Chen

    ... in Hong Kong through its marketing and branding efforts. But its business still lags behind those of Bank of China (Hong Kong), HSBC, Standard Chartered, Hang Seng Bank (a subsidiary of HSBC) and Bank of East Asia. BOCHK, HSBC and Standard Chartered are also the city's three note-issuing banks, with vast automated teller machine and branch networks across the city that DBS or OCBC- ...

    http://www.scmp.com/business/banking-finance/article/1466624/acquisitions-no-easy-way-more-business
  2. China the key to HSBC's success

    Posted Mar 09th 2012, 12:00am

    ... HSBC says the worst is nearly over for the restructuring of its operations in Hong Kong. Generally that is true for the bank as a whole. Most of its woes from the financial crisis stemmed from the US$15.5 billion purchase of a US subprime retail mortgage lender responsible for accumulated losses of US$50 billion. HSBC has been running this business down to the extent ...

    http://www.scmp.com/article/994918/china-key-hsbcs-success
  3. Worst is 'almost over for HSBC in HK'

    Posted Feb 28th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com HSBC says the worst is nearly over for the bank's operations in Hong Kong, as its restructuring plans in the city are to be wrapped up by the end ... while HSBC was cutting staff in Hong Kong, it was also hiring here. The net effect was that the head count in the city dropped by around 180. HSBC is one of the city's largest employers, ...

    http://www.scmp.com/article/993859/worst-almost-over-hsbc-hk
  4. HSBC bullish on China business

    Posted Jul 31st 2012, 12:00am

    ... banks is under 2 per cent. Recently, HSBC apologised for its mistakes in relation to anti-money laundering controls and pledged to restructure and simplify the businesses further. The bank ... Victoria Ruan in Beijing victoria.ruan@scmp.com HSBC, Europe's biggest bank by assets, says it remains 'confident' about its growth in China as the outlook in Europe ...

    http://www.scmp.com/article/1008160/hsbc-bullish-china-business
  5. HSBC cost-cutting plan might affect Asian operations

    Posted May 14th 2011, 12:00am

    ... Tang, executive director of Sun Hung Kai Financial, said HSBC's plan was not just about saving money but was also part of an overall business restructuring. 'If the cost-cutting plan is successful, it would make HSBC more attractive. However, the key is still on its financial performance and overall business restructuring and not simply cost-cutting,' Tong said. The bank ...

    http://www.scmp.com/article/967637/hsbc-cost-cutting-plan-might-affect-asian-operations
  6. Business - Banking & Finance - INVESTMENT

    Mainlanders use ‘free money’ from Hong Kong banks to earn higher returns at home

    Posted Feb 26th 2014, 09:34am by KEIRA HUANG; GEORGE CHEN

    ... in Hong Kong, it is too compelling [an opportunity to ignore].” Customer service staff at major Hong Kong banks from HSBC to Bank of East Asia said they were aware of the loophole and that some ... usually pays an annualised interest rate of 1.7-2.6 per cent. The larger the loan a borrower applies for, the lower the interest  rate. For example, HSBC charges 1.7 per cent interest for smaller ...

    http://www.scmp.com/business/banking-finance/article/1435473/mainlanders-use-free-money-hong-kong-banks-earn-higher
  7. Appointments

    Posted Nov 14th 2009, 12:00am by Staff Reporter

    ... and restructuring, advisory, Beijing KPMG China Fan joined the Hong Kong office in 1996 and transferred to the Beijing office last year. His focus for the past 10 years has been on insolvency-related advisory services on the mainland. Galaxy Chan Director, transactions and restructuring, advisory, Hong Kong KPMG China Chan has 14 years experience in restructuring and insolvency engagements, ...

    http://www.scmp.com/article/698263/appointments
  8. Business - Banking & Finance - BANKING

    Expectations high as results season begins for banks

    Posted Feb 26th 2013, 12:00am by KANIS LI

    ... and a better capital position after a HK$3.3 billion private placement to its shareholder, the Japanese bank Sumitomo Mitsui, in December. BEA's bigger competitor, HSBC, is scheduled to post its results on March 4. After 46 sales of assets and closures of businesses globally since 2011, HSBC is now a more streamlined business, and the challenge for HSBC's chief executive, Stuart ...

    http://www.scmp.com/business/banking-finance/article/1158650/expectations-high-results-season-begins-banks
  9. On the Move

    Posted Nov 26th 2011, 12:00am

    ... worked in his native Germany, Switzerland, France, India, Dubai, Bahrain, Saudi Arabia, the United States and Brunei. Bernard Rennell Chief executive for North Asia HSBC Private Bank Rennell joined HSBC in Asia-Pacific in July 2000 as head of Bank of Bermuda's private wealth services based in Hong Kong. A former securities lawyer, he was head of private wealth solutions, Asia ...

    http://www.scmp.com/article/985970/move
  10. Restructuring plan faces race against time

    Posted Jun 16th 2012, 12:00am

    ... restructuring plan before he takes over as chief executive in two weeks. Meetings scheduled to last 22 hours will be held by Tuesday, but it remains unclear whether Leung will get his wish- ... bill, plan to move nearly 1,000 motions on the restructuring in an attempt to delay its passage. The motions are subject to the approval of committee chairwoman Emily Lau Wai-hing ...

    http://www.scmp.com/article/1004092/restructuring-plan-faces-race-against-time

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