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  1. Mainland banks may soon manage pension funds

    Posted Jun 28th 2007, 12:00am by Tom Miller

    ... out a niche in the mainland market. Four foreign banks- ING, Deutsche Bank, Fortis Group and Bank of Montreal- have won licences to operate enterprise annuities. Spain's BBVA also hopes ... Tom Miller in Beijing Beijing is drawing up plans to allow mainland commercial banks to branch out into pension fund management, opening another channel for lenders to diversify, according ...

    http://www.scmp.com/article/598518/mainland-banks-may-soon-manage-pension-funds
  2. Ping An, Merchants Bank to run Shenzhen pension fund

    Posted Feb 01st 2007, 12:00am by Staff Reporter

    ... a single body manage enterprise annuities, will transfer the agency's 2.3 billion yuan of assets to Ping An Insurance (Group) and China Merchants Bank to meet new requirements after the recent ... The assets consist of more than 850 company accounts covering 64,000 personal accounts. Ping An would act as the trustee and investment agency while Merchants Bank would be the custodian bank ...

    http://www.scmp.com/article/580368/ping-merchants-bank-run-shenzhen-pension-fund
  3. Banks lose shine among local business students

    Posted Jun 28th 2012, 12:00am

    ... Anita Lam anita.lam@scmp.com Once the symbol of security, bank jobs seem to be losing their appeal for university students. A survey that ranks the popularity of Hong Kong's major employers found that various banks, with the exception of HSBC, slipped up to 10 places this year. Stockholm-based consultancy Universum, which conducted the survey, blamed the grim economy ...

    http://www.scmp.com/article/1005257/banks-lose-shine-among-local-business-students
  4. Mainland revamps pension schemes

    Posted May 28th 2007, 12:00am by Staff Reporter

    ... of nearly US$12 billion. The World Bank estimates that will grow to US$1.8 trillion by the end of 2030, when it would be the world's third-largest scheme. This means the new pension market ... for custodian banks and 1.2 per cent for investment managers, while account managers have been set a five-yuan limit on each account. That means financial institutions will make revenue only on a scale ...

    http://www.scmp.com/article/594586/mainland-revamps-pension-schemes
  5. HSBC staff plan to take sick leave in job protest

    Posted Jan 20th 2012, 12:00am

    ... Ng Kang-chung and Lulu Chen HSBC employees are planning a 'sick-leave protest' next week after a rumour made the rounds that the bank will sack up to 1,000 people after the Lunar New Year holiday. An online campaign is calling for HSBC staff to phone in sick next Thursday, when the bank reopens for business after a three-day break. The brewing labour dispute comes ...

    http://www.scmp.com/article/990635/hsbc-staff-plan-take-sick-leave-job-protest
  6. HKIB talk offers key to banking

    Posted Nov 12th 2011, 12:00am

    ... Chris Davis A free seminar has been organised to provide insights into the qualifications needed and the expectations of employers seeking to hire fresh banking recruits. Co-organised by the Hong Kong Institute of Bankers (HKIB) and Classified Post, the November 18 workshop, entitled 'Getting into banking has never been easier', will be presented in Cantonese and aimed ...

    http://www.scmp.com/article/984546/hkib-talk-offers-key-banking
  7. 100 HSBC staff fired as part of bigger cull

    Posted Feb 10th 2012, 12:00am

    ... the information technology and private banking units and included staff at the managerial and frontline levels. Unionists accused the bank of a lack of social responsibility and urged HSBC staff not to work more than one hour of overtime a day to express their discontent. The Hong Kong Banking Employees' Association, one of the major unions for local bank staff, said members working ...

    http://www.scmp.com/article/992203/100-hsbc-staff-fired-part-bigger-cull
  8. Turning the tables

    Posted Jun 20th 2009, 12:00am by Staff Reporter

    ... is on the other foot. 'It was getting to the stage where candidates were increasingly difficult and their demands were out of control,' said Mark Enticott, associate director for banking ... money issues and people's careers are now more about survival.' He said that the era of mid- to senior-level banking executives receiving big sign-on bonuses, salary increments of 25 ...

    http://www.scmp.com/article/684193/turning-tables
  9. 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 of the second quarter. But the bank would not say how many Hong Kong employees it had laid off or how many it planned to let go as it concluded its cutbacks. Last week it said there would be fewer job ...

    http://www.scmp.com/article/993859/worst-almost-over-hsbc-hk
  10. Construction industry tops survey of Q3 hiring plans

    Posted Jun 30th 2012, 12:00am

    ... the sector - even at banks. 'While the investment-banking side is quiet, there is still demand for frontline revenue-generators, particularly in [the areas of] consumer banking and personal loans,' says Chui. 'The banks are not just talking about adding one or two people. Many are looking to set up entire teams.' The services group experienced an equally remarkable ...

    http://www.scmp.com/article/1005420/construction-industry-tops-survey-q3-hiring-plans

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