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  • April 18, 2014
  • Last updated: 5:32pm
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Results 1 - 10 of 16 for fung wan

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  1. Business - Banking & Finance - BANKING

    HSBC targets higher lending margins

    Posted Mar 10th 2014, 05:59am by KANIS LI

    ... the double-digit growth rate, according to Anita Fung Yuen-mei, chief executive of HSBC's Hong Kong office. Banks with the bulk of their funds as customer deposits suffered in the ultra-low interest ... profitability. Banks will remain cautious on liquidity flow and loan-deposit ratio Anita Fung, HSBC Net interest margins of Hong Kong retail banks fell nearly a third to 1.41 per cent from the beginning ...

  2. Business - Banking & Finance - BANKING

    Number of global banks cut after crisis

    Posted Dec 06th 2013, 05:09am by KANIS LI

    ... sector would have to reprice its services and wealth management fees. Victor Fung Kwok-king, the founding chairman of the forum's organiser, Fung Global Institute, said Asia needed to "rethink traditional approaches to growth, employment and sustainability, given the combined impact of rebalancing, changing demographics, urbanisation and environmental stresses". Fung ...

  3. Business - Banking & Finance - BANKING

    Hong Kong banks seek longer-term funds to match loan duration after tightening

    Posted Oct 22nd 2013, 03:28am by KANIS LI

    ... which do not have a sufficient deposit base relative to their loan growth, said Andrew Fung Hau-chung, an executive director of Hang Seng Bank. "Those banks will have to increase their long-term funding either by borrowing from parent groups or issuing bonds in the capital market," Fung said. The city's de facto central bank said last week that the value of loans ...

  4. Business - Banking & Finance - BANKING

    Hang Seng fine-tunes branch strategy

    Posted Aug 07th 2013, 12:00am by Enoch Yiu, KANIS LI

    ... 220 outlets in the city, 90 are in the New Territories. Its Wan Chai branch, another hot spot among mainland tourists, underwent a major renovation and expansion last month. The lender ... to cut mortgage interest rates. In a separate post-results briefing yesterday, HSBC's Hong Kong chief executive Anita Fung Yuen-mei said it would be difficult to project the bank's ...

  5. Business - Banking & Finance - BANKING

    UOB, ANZ may bid for Wing Hang Bank

    Posted Sep 29th 2013, 12:00am by Reuters

    ... local lenders commanded before the global financial crisis. Hong Kong's Fung family, along with BNY International Financing Corp, control about 45 per cent of Wing Hang Bank, whose stock ...

  6. Business - Banking & Finance - BANKING

    Shanghai's plans won't affect Hong Kong, HSBC says

    Posted Jul 10th 2013, 12:00am by KANIS LI

    ... Chief Anita Fung sees no threat to city from free-trade zone and is keen for bank to move in The chief executive of HSBC's Hong Kong office, Anita Fung Yuen-mei, said yesterday ... to develop," Fung told a media conference. She said the interaction between the two cities would be positive to the overall development of the mainland. Fung also expressed interest in setting up shop ...

  7. Business - Banking & Finance - BANKING

    Many happy yuan returns, Hang Seng

    Posted May 04th 2013, 12:00am by Enoch Yiu

    ... position as a leading offshore yuan centre," Tsang said last night at the bank's 80th anniversary reception in Wan Chai attended by 2,000 guests. He said Hang Seng was the lead arranger ... on March 3, 1933, in an 800 sq ft office in Sheung Wan with 11 employees, is one of the top 50 listed banks in the world and the 18th largest in Asia by market capitalisation. It has about 10,000 ...

  8. Business - Banking & Finance - BANKING

    HSBC still set on hiring more Hong Kong staff despite job cuts

    Posted May 21st 2013, 12:00am by KANIS LI

    ... a large bad debt". He said the operations in the euro zone were at risk but not another Household in his eyes. Anita Fung Yuen-mei, chief executive of HSBC's Hong Kong office, told ...

  9. Business - Banking & Finance - BANKING

    Wing Hang generous on payment despite 16pc decline in net profit

    Posted Mar 08th 2013, 12:00am by KANIS LI

    ... Fung Yuk-bun said. He said the bank hoped to maintain the payout ratio at the current level. Its core capital adequacy ratio last year was 10 per cent. Wing Hang has subordinated debt of US$220 million with a 9 per cent coupon that will mature this year. Fung said the bank might be able to issue such debt at a coupon rate as low as 3 per cent in future. This will raise net interest ...

  10. Business - Banking & Finance - BANKING

    Institutions back huge fee rise for Hang Seng board

    Posted May 17th 2013, 12:00am by KANIS LI

    ... of fees, Raymond Ch'ien Kuo-fung, the bank's chairman, will take HK$590,000 a year, a jump of 34 per cent from last year. Other directors will each take home HK$450,000 this year, a 32.35 ...




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