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  • April 20, 2014
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  1. 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 ...

  2. Bank invests in a cohesive workforce

    Posted Jun 26th 2007, 12:00am by May George

    ... May George To promote inclusion, Merrill Lynch launched four programmes across Asia this year, one of which is a Young Professionals' Network which deals with generational issues in the workforce, and is exclusive to Asia. Roman Matla, Merrill Lynch vice-president and divisional diversity manager, Asia, said the programme provided a network for younger workers in the bank ...

  3. Mainland banks may soon manage pension funds

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

    ... 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 to a mainland newspaper. The China Banking Regulatory Commission and the Ministry of Labour and Social Security had jointly drafted plans to establish pilot pension fund management companies within ...

  4. Investment curbs lifted on enterprise annuities

    Posted Feb 08th 2007, 12:00am by Staff Reporter

    ... funds could invest in the interbanking bond market would be issued by the Ministry of Labour and Social Security and the central bank in a few days, a source said. The pension funds set up ... are not permitted to invest in the interbanking bonds since the funds have not been granted qualifications required by the central bank to be market participants. '[Enterprise annuity] investing ...

  5. Mainland pension fund earmarks 7b yuan for five investment targets

    Posted Apr 12th 2010, 12:00am by Staff Reporter

    ... Exchanges, said at the forum that the mainland and other Asian countries should use their foreign reserves to set up three Asian banks to invest in the region's infrastructure and agricultural ... The mainland pension fund has chosen five funds to invest in this year, and the amount may involve up to 7 billion yuan (HK$7.96 billion), the fund's head said yesterday. Dai ...

  6. HSBC to axe 3,000 Hong Kong jobs

    Posted Sep 08th 2011, 12:00am

    ... 'When we talk about 3,000 job cuts, it's not in net reduction,' said Wong, adding that the bank would continue to hire on the front-end and invest for growth. Louis Tse Ming-kwong, ... by approximately 3,500, or 5.4 per cent. The bank said in the August statement that 'in Hong Kong, business is as usual, and we are not expecting drastic cuts here but will continue to invest in our ...

  7. HSBC may boost region's workforce 5pc despite cuts

    Posted Feb 29th 2012, 12:00am

    ... chief executive Peter Wong Tung-shun. Last year the bank said it would cut 30,000 jobs globally, or 10 per cent of its workforce, as part of plans to save US$3.5 billion in annual costs. In Hong ... be completed by the end of June. He also said the bank would continue to hire in the region as it developed more fee-income and yuan-related businesses. But even as the bank's Asia-Pacific ...

  8. Township reaps a bitter harvest on investment of farmers' pensions

    Posted Jun 19th 2007, 12:00am by Staff Reporter

    ... than the bank. We saw the loans as an investment.' Only recognised financial institutions are allowed to extend loans on the mainland. But, according to Beijing Times, Dadi chairman, Yu Yang, rejected Mr Bai's explanation, saying he had been doing a personal favour to Sijiqing's then party secretary by taking out the loans with the township rather than banks. 'I ...

  9. Bright outlook for key professionals

    Posted Apr 25th 2008, 12:00am by John Cremer

    ... employment sectors in major international markets, recruitment firm Robert Walters found that the banking and financial services industry was entering a periodic bout of soul-searching. ... continue, but concluded that employers would be more selective in their recruitment. After the steady increase in staffing levels across most sectors of the banking industry over the past couple ...

  10. Today's HR practices have the heft to sway investment decisions

    Posted Jul 15th 2006, 12:00am by Andrea Zavadszky

    ... Andrew Banks at a recent seminar organised by the Australian Chamber of Commerce. He warned that investment companies have noted that HR practices were significantly affecting the bottom line and were therefore looking in detail at how companies managed their people before investing. 'Companies with weak HR practices are not valued any more. Good HR practices create more ...




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