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  • October 22, 2014
  • Last updated: 4:40pm
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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. 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 ...

  3. 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 ...

  4. 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 ...

  5. Public's investment in future a positive sign

    Posted Jun 16th 2004, 12:00am by Chris Davis

    ... with eligible banks, provided the amount of deposits avoids over-concentration. The total amount invested in securities and permissible investments issued by any one person may generally not exceed 10 ... interest in different methods of investing and planning for the future. There are currently 250 MPF pooled investment funds. Investment choices have also risen. The total number of 'collective ...

  6. Blame the bottom line, not a bronze lion

    Posted Sep 13th 2011, 12:00am

    ... peak of HK$140, complained at the bank's annual general meeting that her investment had fallen by half. The shares closed at HK$64.95 last Friday, 20 per cent lower than the time when ... by 2013. Unionists and staff have not been able to swallow the news and have taken it out on a defenceless victim. Poor Stephen - the iconic roaring bronze lion in front of the bank ...

  7. MPF investments pay off for first time since launch

    Posted Jan 17th 2004, 12:00am by Enoch Yiu

    ... funds, which invest in bank time deposits, were the worst performers with a return of 0.13 per cent, compared with 0.39 per cent in 2002. Bond funds reported a return of 6.06 per cent, down from ... Enoch Yiu A strong stock market gave a boost to employees' pension investments with an average return of 19.21 per cent last year, marking the first profitable year since ...

  8. HKIB talk offers key to banking

    Posted Nov 12th 2011, 12:00am

    ... Seminar: Getting into banking has never been easier Date: November 18 (Friday) Time: 7:00pm - 8:30pm Venue: HKIB Training Centre, 3/F Guangdong Investment Tower, 148 Connaught Road Central ... 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 ...

  9. NSSF moves to avert huge fund shortfall

    Posted Mar 29th 2007, 12:00am by Staff Reporter

    ... the fund's strategic investments in Bank of China, Industrial and Commercial Bank of China and Bank of Communications, for which it had an unrealised gain of about 300 per cent. The fund grows its ... Lee Yuk-kei The chairman of the National Social Security Fund (NSSF), which acts as a reserve for the mainland's ageing population, said the fund might increase its investments ...

  10. MPF may win some fans but choice is still the answer

    Posted Jan 10th 2008, 12:00am by Jake Van Der Kamp

    ... When the MPF came around he chose HSBC as the service provider because of a standing banking relationship with HSBC and because the local HSBC branch had been so very helpful as to deserve some ... should take over this aspect at no cost to the employees and leave the investment side and the fees to the free market.' This review of the MPF rings several bells for me. To start with, ...




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