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  1. Magazines - Style

    Anita Fung: The HSBC chief executive who broke through the glass ceiling

    Posted Oct 09th 2012, 12:00pm by Jane Moir

    ... HSBC's first female CEO for Hong Kong in September last year, she inherited a hot seat. The lender had just announced 3,000 job cuts in Hong Kong and the pressure was on to ramp-up ... at HSBC, being the group's flagship business," she says.  She derives a certain amount of pride at being a home-grown talent, given the bank's 150-year history in the city. ...

  2. Business - Money

    Hong Kong mints new batch of HK$5 coins for first time in 14 years

    Posted Oct 02nd 2012, 12:00am by Enoch Yiu

    ... by the three note issuing banks- HSBC, Standard Chartered and Bank of China (Hong Kong)- but the government is responsible for coins. At the end of last year, there was a total of HK$6 billion worth ...

  3. Magazines - Post Magazine

    Then & now: all that glisters …

    Posted Aug 12th 2012, 12:00am by Jason Wordie

    ... by massive speculative buying and stockpiling of silver bullion by United States financial interests during the Great Depression. China's economic restructuring (which, given internal problems ... mainland links. This was a serious concern, as the US had a closely enforced embargo on China trade and the Americans might have retaliated against existing HSBC interests in the US. These fears ...

  4. HK economy contracts 0.1pc on decline in exports

    Posted Aug 11th 2012, 12:00am

    ... expansion of the US economy in the second half,' said the Hang Seng Bank report. 'It is unlikely we will see visible recovery in our major export markets any time soon.' But an HSBC ...

  5. City banks find plenty of takers for yuan accounts

    Posted Aug 06th 2012, 12:00am

    ... HSBC, Standard Chartered Bank, and Bank of China (Hong Kong)- as well as Hang Seng Bank and some private banks rushed to offer incentives, mostly high interest rates, to compete for non-resident ...

  6. Lenders scramble for non-resident yuan accounts

    Posted Aug 02nd 2012, 12:00am

    ... accounts from yesterday. The three note-issuing banks- HSBC, Standard Chartered Bank and Bank of China (Hong Kong)- as well as Hang Seng Bank and some private banks rushed to offer incentives, ... cent interest rate for one-week yuan deposits. HSBC is offering a rate of up to 2.9 per cent for 12-month yuan deposits, while Standard Chartered Bank is offering 2.8 per cent. The typical ...

  7. Streamlined HSBC ready to hire again

    Posted Aug 01st 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com HSBC Asia Pacific is close to completing planned staff reductions as well as the sale of non-core businesses and now plans to hire new employees in some areas, ... thanks to fast-developing markets including Hong Kong and the mainland. But there have been big layoffs, which have drawn fire from trade unions. In August last year, HSBC said it would sell off ...

  8. Rough ride on the markets

    Posted Jul 24th 2012, 12:00am

    ... of HSBC skidding 5.68 per cent lower to HK$63.10 apiece. In Shanghai, the key index fell 1.26 per cent to close at 2,141.4 points as investors dumped large-cap stocks such as financial ...

  9. HK$1,000 banknote is first choice for money laundering

    Posted Jul 22nd 2012, 12:00am

    ... Jake van der Kamp On many occasions I have been standing in a queue in a branch of HSBC and other banks in Hong Kong and have seen someone depositing huge amounts of cash. For example, ... their issuance. It has never done so. Thus blame government before blaming HSBC. Government is the first line of defence in these matters. My second point is that I can't see any good reason to get ...

  10. Billions at stake as descendants inherit riches

    Posted Jul 09th 2012, 12:00am

    ... age, HSBC Private Bank says. Many billionaires in Asia are now aged 55 or above, said Bernard Rennell, the bank's chief executive officer for North Asia, and these super-rich individuals ... Ying-tung was reported at the end of last year. These cases arose, Rennell said, because families had not put enough time and effort into planning a strategy for the family legacy. HSBC Trustee ...




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