Winners aplenty in Hong Kong's job market

Winners aplenty in Hong Kong's job market

Is Hong Kong's job market now a "buyer's market" or a "seller's market"? Most people would answer by complaining about how hard it is to find a good job in the city. But once you speak to human resources experts, you find the reality may not be so simple.

Monday, 6 May, 2013, 6:45am 1 comment

'Abenomics' helps Daiwa profits soar

Daiwa Securities Group reported its highest quarterly profit in seven years on Wednesday, underscoring the brightening outlook for Japan’s brokerage industry as a result of the market-boosting policies of the country’s new premier.

1 May 2013 - 2:49pm

For senior and young, Hong Kong job market may be healthier than you think

In Hong Kong, 95 percent of financial industry employers say it is still challenging for them to find skilled financial services professionals. Photo: SCMP

Is Hong Kong’s job market now a ‘seller’s market’ or ‘buyer’s market’?

The reaction from most to this question will naturally be to complain about the difficulties in finding good jobs in Hong Kong. But when you speak to some human resources experts, the answer may not be as simple as you think.

1 May 2013 - 3:03pm

Hacked e-mail led to bank transfer of US$90,000, businessman's writ claims

Trumpex International Limited filed a writ against Hang Seng Bank for a bank transfer after bogus instruction. Photo: Bloomberg

In a writ lodged with the High Court, import-export business Trumpex International Limited asked Hang Seng Bank not to disburse the transferred amount, or to return the money.

1 May 2013 - 5:47am

Amex can make a difference if it takes complaints seriously

Amex can make a difference if it takes complaints seriously

It's no secret that many well-paid bankers are fans of American Express credit cards, which to some have an aura of exclusivity - Visa or MasterCard being considered too common.

22 Apr 2013 - 6:50am 2 comments

US banker proud to become Chinese national

Some in Hong Kong’s financial community were surprised by an e-mail from one of the most veteran investment bankers in the city on Tuesday night. Marshall Nicholson, a managing director in charge of investment banking in Hong Kong for China International Capital Corporation (CICC) told his colleagues and friends that he had officially renounced his United States citizenship and would soon receive a HKSAR passport.

29 Aug 2013 - 4:13am

RBS Japan head to roll over Libor rigging

Royal Bank of Scotland (RBS) faces penalties for attempts to manipulate Libor. Photo: AFP

Royal Bank of Scotland's Japan brokerage unit head is preparing to resign as the company faces penalties for attempts to manipulate benchmark interest rates, according to two people with knowledge of the situation.

12 Apr 2013 - 6:13am

HSBC: The hardly serious banking corporation

The logo of HSBC bank is seen at its office in the Canary Wharf business district of London. Photo: Reuters

It seemed simple. Pop into HSBC on a visit to England – it’s “The world’s local bank,” - and check my account. I poked my HSBC card into the Taunton HSBC ATM and got my balance, but no option for mini-statement to show recent transactions. Inside the helpful branch manager, Ivan, ushered me to a different machine – but still only the balance. The machine offered me cash.

10 Apr 2013 - 1:13pm 4 comments

Greek banks to be recapitalised separately: central bank

Greek Finance Minister Yannis Stournaras speaks to reporters after meeting with Greek Prime Minister Antonis Samaras and debt inspectors from the European Central Bank, European Commission and International Monetary Fund, known as the troika in Athens on Sunday. Photo: AP

Greece’s central bank said the country’s main four lenders would be recapitalised separately, a move that put on hold a planned merger between two of them.

“The Bank of Greece confirms that the recapitalisation process for the four systemic banks (National Bank, Alpha, Eurobank, Piraeus) is proceeding normally and will conclude in April in any case,” the central bank said.

8 Apr 2013 - 11:21am

Growing mistrust will result from 'no comments' or denials

UBS revealed as mystery lender for Thai group's purchase of Ping An. Photo: Reuters

While some scholars praise China for being a more open society, the business world in China is apparently the other way round. Doing business in China is becoming more important than ever amid an economic slowdown in the West in recent years, and it's also getting less transparent.

8 Apr 2013 - 8:56am

Time to take a long, hard look at your bank's track record

Time to take a long, hard look at your bank's track record

Recent events in Cyprus remind all of us that you cannot always count on the cash in the bank. It is vulnerable to bank runs, financial crises, institutional failures and government edicts - of which recent Asian history provides many, many examples.

8 Apr 2013 - 3:09am

China unlikely to challenge Japan's sway in Asian Development Bank

Takehiko Nakao. Photo: Bloomberg

In Asian Development Bank's 47-year history, all eight presidents of the multilateral lender have been the nominees of Japan, one of the largest shareholders of the bank. And it might be no different this time when the voting ends at the end of the month - to the disappointment of those hoping Beijing would enter the contest this time.

5 Apr 2013 - 5:11am

What analysts won't tell you about selling out of a stock

Deutsche Bank put a "sell" rating on Tsui Wah, the well-known local restaurant chain operator that recently went public in Hong Kong. Photo: K.Y. Cheng

In the stock market, there is a widely acknowledged principle: it's more important for investors to know when to sell than when to buy because you can only secure your profits when you sell.

1 Apr 2013 - 12:29pm

Bank of Cyprus chairman quits post

Bank of Cyprus employees frown as they demonstrate outside the main office of the bank in Nicosia. Photo: AFP

The chairman of Bank of Cyprus tendered his resignation yesterday following the appointment of an administrator to oversee the downsizing of the island's largest lender as a condition of a euro zone bailout, reports said.

27 Mar 2013 - 3:23am

Malaysian PM was ahead of his time

Former Malaysian prime minister Mahathir Mohamad. Photo: AFP

Dr Mahathir Mohamad is having the last laugh. Rather than going cap in hand to the International Monetary Fund, the former prime minister of Malaysia was called an idiot, an ignoramus and a pariah for introducing capital controls during the Asian financial crisis. Now look what's happening in Europe, especially with the latest rescue of Cyprus' banking system.

27 Mar 2013 - 3:09am 7 comments