Local banks in Hong Kong are well placed to meet higher international capital requirements from January but concerns remain over the details of the tough new rules, the Hong Kong Monetary Authority said.Wednesday, 30 May, 2012, 12:00am
Like most students, Mason Ma attended numerous careers talks during his graduation year before deciding to apply to the DBS management associate programme (MAP).11 May 2012 - 12:00am
Bank of Communications (BoCom), the mainland's fifth-largest lender, admitted it faces an uphill task to maintain high interest income this year in the face of narrower margins.
The Shanghai-based lender yesterday reported a 19.6 per cent increase in net profit for the first quarter of this year, earning 15.88 billion yuan (HK$19.5 billion).28 Apr 2012 - 12:00am
While most those best-backed to beat him were battling with the problems presented by wide draws, Tim Clark was able to take advantage of a low draw as Super Caga continued in the form of his life for new trainer Richard Gibson.22 Apr 2012 - 12:00am
Citigroup shareholders rejected its executive pay plan, a first among the six largest banks in the United States, amid criticism it lets chief executive Vikram Pandit collect millions of dollars in rewards too easily.
Bloomberg, SCMP, April 1922 Apr 2012 - 12:00am
There are signs that the heightened activity seen in the wealth management sector in 2008 and 2009 has slowed. Back then, many firms were looking to Asia, seeking refuge from the grim financial crisis in Europe and the United States.22 Apr 2012 - 12:00am
Anatural discretion precludes private banks from making big statements about their plans for expansion or pushing into new markets, but it is no secret their eyes are now firmly fixed on the potential in Asia and on serving the investment needs of the region's high-net-worth elite.21 Apr 2012 - 12:00am
Beijing will probably allow companies in Wenzhou to pioneer the sale of high-yield bonds as the mainland speeds up preparations for the launch of the junk debt market.
The move is in line with the efforts to bolster small and medium-sized businesses in the city in the eastern province of Zhejiang following a crisis involving the underground banking system last year.17 Apr 2012 - 12:00am
While many big banks and financial firms are axing staff to cut costs, it is interesting to see some medium size players in hiring mode.10 Apr 2012 - 12:00am
Hong Kong banks are failing to encourage children to save by not offering accounts designed for younger customers.
Most banks in Hong Kong do not have savings accounts that are specifically aimed at children, while some institutions will not even allow anyone aged under 16 to open an account.26 Mar 2012 - 12:00am
This week saw my first visit to Bangkok since the floods late last year. The city seems to have recovered and the economy is on the mend. After a 0.1per cent growth in gross domestic product in 2011, Thailand is forecast by the Institute of International Finance to stage a 7per cent recovery this year, helped by a multi-year fiscal stimulus.17 Mar 2012 - 12:00am
Mid-sized mainland banks have urged the industry's regulator to ease loan-to-deposit ratios as they struggle to attract deposits and expand lending amid the broader economic slowdown.15 Mar 2012 - 12:00am
After making the biggest investment decision of her life to buy a flat in Hong Kong, Palanka Luk is now wrestling with another challenge - what type of mortgage should she choose?
'A prime-linked rate, or a loan linked to the Hong Kong interbank offered rate (Hibor)?' mused the single office worker in her mid-30s.14 Mar 2012 - 12:00am
In a tough economic climate, the basic needs of individual investors don't change much. Their expectations and methods, though, certainly must. Hopes of quick gains or a sustained bull run on the stock market fade away, making it more essential than ever to have a holistic financial plan that looks to the long term.10 Mar 2012 - 12:00am
Today: French Chamber of Commerce event. 'How regulation is changing the face of banking'. French Chamber, Central.
Canadian Chamber of Commerce lunch: 'The business of a better world'. Kinwick Centre, Central.
Canadian Chamber of Commerce event: 'How do small retailers survive or succeed in Hong Kong's property market?' Kinwick Centre, Central.7 Mar 2012 - 12:00am