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  • April 18, 2014
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  1. Business - Banking & Finance - BANKING

    Brokers flee HSBC for Chinese investment banks in Hong Kong

    Posted Mar 11th 2014, 11:44am by George Chen; Kanis Li

    ... their income package, and many of them have worked for HSBC for many years, so they are very experienced and know their clients very well," said one of the sources, who was involved in the hiring ... volume, now receive a basic monthly salary and a performance-based bonus. Brokers who achieve high sales volumes could take home less income under the new system, which gave rise to tension ...

  2. Business - Banking & Finance - RESULTS

    Emerging markets power HSBC's income

    Posted Mar 05th 2013, 12:00am by KANIS LI

    ... of the income of global banking group HSBC, chief executive Stuart Gulliver said yesterday. Gulliver said half of the group's loan growth came from Hong Kong, mainland China, and the rest of Asia, ... Iain Mackay said the decline was driven by adverse fair-value movements on its own debt, a higher tax charge, and a much stronger equity base. Its cost-income ratio worsened to 62.8 per cent ...

  3. BOCHK's operating income rises to HK$22.6b

    Posted Oct 27th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Bank of China (Hong Kong) said net operating income before impairment rose 15 per cent in the third quarter to HK$22.6 billion, from HK$19.65 billion a year earlier. Analysts said the bank's strong capital base would help it weather an increasingly tough market. BOCHK, whose biggest shareholder is Bank of China, the mainland's fourth-largest ...

  4. Ranks of younger, lower-income investors growing, survey shows

    Posted Oct 26th 2007, 12:00am by Nevin Nie

    ... Nevin Nie Hong Kong's investor base is gaining more new faces who are relatively younger and have lower incomes, while overall appetite for risk has risen with stocks being the most ... monitor survey, which polled 1,305 investors aged 18 to 64 years old. Those with monthly incomes less than HK$10,000 accounted for 31 per cent, up from 22 per cent, the report said. 'The ...

  5. Premium incomes surge at China Life and Ping An

    Posted May 19th 2007, 12:00am by Andy Chen

    ... Andy Cheng China Life Insurance and Ping An Insurance (Group), the mainland's two largest life insurers, reported strong premium income growth in the first quarter as more local residents bought policies amid rising incomes. China Life said its life insurance premium income rose 15 per cent in the quarter to 89.4 billion yuan from 77.8 billion yuan a year earlier. Its ...

  6. Business - Banking & Finance - BANKING

    HSBC tipped for surge in pre-tax earnings

    Posted Oct 31st 2013, 10:49am by KANIS LI

    ... the results may be tempered by the need to set aside more provisions for legal costs and a drop in the return on its fixed-income investments. The average estimate by five analysts in a Bloomberg ... and Wells Fargo, showed weakness in revenue from fixed-income trading and mortgage banking. "HSBC is trying to grow its revenue, but in general, the global banks had weak results in the third ...

  7. Business - Banking & Finance - EARNINGS

    HK comes out tops in HSBC report

    Posted Nov 05th 2013, 02:42am by Enoch Yiu

    ... tops in HSBC report Better investment product sales and higher interest income saw HSBC's Hong Kong operation become the global bank's best-performing region in the third quarter ... with mainland China. We remain well positioned to capitalise on improving economic conditions in these markets." Hong Kong contributed most to the group by offering higher net interest income ...

  8. Bond fund attracts more than $2bn

    Posted Jul 10th 2005, 12:00am by Chris Oliver

    ... Treasuries is changing the game, according to Cecilia Chan, head of fixed income at HSBC. Denominated in Hong Kong dollars, the Asia Bond Fund (ABF) is a milestone in Asian financial history, she ... for young investors, income seekers and income preservation. Since launch three weeks ago, the fund has attracted more than $2 billion. Historically, bonds offering a 3 per cent yield are considered ...

  9. Business - Banking & Finance - INVESTMENT

    Controversial investment-linked assurance schemes poised to make a comeback

    Posted Dec 05th 2013, 10:50am by KANIS LI

    ... an important stream of fee income to the banks, especially the bigger ones, which have a large customer base," said a senior executive at another bank who asked not to be named. The Hong Kong ...

  10. Business - Banking & Finance - EARNINGS

    Cleaner HSBC balance sheet leaves doubts

    Posted Nov 05th 2013, 02:42am by KANIS LI

    ... International unit for violating federal securities laws. The group is appealing against the verdict. HSBC chief executive Stuart Gulliver said income from global banking and markets remained sluggish. "The [interest rate] yield curve remained flat and it is hard to get the revenue," he said, noting that income would return only when the curve went positive. HSBC's stock was up 2.9 ...




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