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  • August 1, 2014
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  1. News - Hong Kong - COURTS

    Justice department sued over unpaid bill of HK$6.1m in Carson Yeung case

    Posted Jul 30th 2014, 04:38am by CHRIS LAU

    ... yesterday. Yeung's case ended in March with his conviction for laundering HK$721 million using five accounts at Wing Lung Bank and HSBC from 2001 to 2007. The owner of English soccer club ...

    http://www.scmp.com/news/hong-kong/article/1562122/justice-department-sued-over-unpaid-bill-hk61m-carson-yeung-case
  2. Business - Banking & Finance - CURRENCIES

    Singapore beats London as offshore yuan hubs jostle for new positions

    Posted Jul 30th 2014, 01:25am by Jeanny Yu

    ... in the use of RMB," said Martin Tricaud, chief executive for HSBC Korea, using the abbreviation for renminbi. "Korea has taken a number of steps to support internationalisation ...

    http://www.scmp.com/business/banking-finance/article/1562218/singapore-beats-london-offshore-yuan-hubs-jostle-new
  3. Business - Banking & Finance - MONEY LAUNDERING

    US monitor says HSBC’s anti-money-laundering fixes leave ‘much work to be done’

    Posted Apr 02nd 2014, 03:51pm by Reuters

    ... Reuters HSBC has made some progress in improving its anti-money laundering programme, as required by a 2012 deferred prosecution agreement with the US Justice Department, but there remains ... Cherkasky to monitor HSBC’s compliance with the agreement. Tuesday’s report describes Cherkasky’s conclusions to date. “Based on his initial review and subsequent conversations with the bank, ...

    http://www.scmp.com/business/banking-finance/article/1463131/us-monitor-says-hsbcs-anti-money-laundering-fixes-leave
  4. Business - Banking & Finance - REGULATION

    New York sues HSBC for breaking foreclosure law

    Posted Jun 05th 2013, 12:00am by KANIS LI AND BLOOMBERG

    ... Kanis Li and Bloomberg State legal chief says bank giant failed to file paperwork to allow homeowners to settle loans New York sues HSBC for breaking foreclosure law New York attorney general Eric Schneiderman yesterday filed a suit against HSBC Holdings, accusing the bank of breaking state foreclosure law and putting homeowners at greater risk of losing their homes. A state ...

    http://www.scmp.com/business/banking-finance/article/1253641/new-york-sues-hsbc-breaking-foreclosure-law
  5. Business - Economy

    China consumer sentiment edges up but still subdued

    Posted Jul 30th 2014, 01:40pm by Victoria Ruan

    ... from a year earlier, a tad faster than the 18-month low of 7.4 per cent in the first three months. HSBC/Markit's preliminary purchasing managers' index for the manufacturing sector ...

    http://www.scmp.com/business/economy/article/1562625/china-consumer-sentiment-edges-still-subdued
  6. News - Hong Kong - POLITICS

    Anti-Occupy Central campaign plans march in protest of sit-in threat

    Posted Jul 30th 2014, 04:38am by SAMUEL CHAN, NG KANG-CHUNG, BRIAN YAP

    ... the courts' order in 2012 to end an anti-capitalism protest camp that had occupied the open space under HSBC's headquarters for almost a year. It would advise business owners who felt the need ...

    http://www.scmp.com/news/hong-kong/article/1562116/anti-occupy-central-campaign-plans-march-protest-sit-threat
  7. Comment - Insight & Opinion

    Democracy diatribes are making us all mad in Hong Kong

    Posted Jul 11th 2014, 12:52pm by Michael Chugani

    ... lecturer for writing about the couple's daughter, who posted a Facebook picture of her slashed wrist. Democracy activists pressure HSBC to backtrack on a report warning that Occupy Central ... slams the HSBC report with the argument that the civil disobedience protest would only cause a temporary disturbance? Former chief secretary Anson Chan Fang On-sang said in a recent radio ...

    http://www.scmp.com/comment/article/1551827/democracy-diatribes-are-making-us-all-mad-hong-kong
  8. Business - Economy - SOUTH KOREAN ECONOMY

    South Korean factory output jumps

    Posted Jul 30th 2014, 03:39pm by Reuters

    ... the key driver for Korea's economic engine, and there's no reason to think this year is different," said Ronald Man, an economist at HSBC in Hong Kong. South Korean exports ...

    http://www.scmp.com/business/economy/article/1562671/south-korean-factory-output-jumps
  9. Asset and Wealth Management in Hong Kong

    Posted Jul 30th 2014, 03:21pm

    ... sectors have had the chance to westernise and flourish, especially in asset management. In fact, many asset management jobs in Hong Kong are in branches of global firms like HSBC, Aberdeen ...

    http://www.scmp.com/article/1561197/asset-and-wealth-management-hong-kong

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