Banks have come out against proposed changes to Hong Kong company records which would hide the home address and full ID numbers of directors and secretaries from public scrutiny.Sunday, 13 January, 2013, 4:36am
Hong Kong's banking association has warned that the risk of higher interest rates will rise as the US economy improves and the Federal Reserve links the unemployment level with its short-term interest rate policy.2 Jan 2013 - 10:22am
An investigation into the setting of Hong Kong's interbank interest rates is unlikely to reveal any misconduct that had a major social impact because rates have been low for years, says the Hong Kong Association of Banks.
But the industry body admitted there might have been some "wilful intention" to manipulate the rates, which could dent banks' integrity and reputation.2 Jan 2013 - 4:24am
While Hong Kong banks welcomed Beijing's initiative to let them make yuan-denominated loans to companies operating in Qianhai, analysts warned the amount of new business would be small, at least at first, and not lucrative.29 Dec 2012 - 4:58am
The latest round of US monetary easing has put Hong Kong's de facto central bank on high alert over the outlook for inflation as the prospect of more speculative money finds its way into the city's economy.14 Dec 2012 - 3:00am
Beijing's efforts to promote the yuan by developing the offshore yuan business are well supported by increasing trade settlement with the rest of the world in the currency, officials and industry experts said yesterday.1 Dec 2012 - 4:31am
Hong Kong's banking association has proposed increasing market transparency and reducing the number of maturities in the city's interbank reference rates market following a price-rigging scandal in London.
The British scandal saw banks manipulate interbank rates to profit from trades.27 Nov 2012 - 4:17am
The Hong Kong Association of Banks is reviewing the fixing procedures and governance structures of the Hong Kong interbank offered rate (Hibor), following intense central bank scrutiny of the mechanism used for the London interbank offered rate (Libor).20 Jul 2012 - 12:00am
Financial Secretary John Tsang Chun-wah has defended the buy-back of Lehman Brothers derivatives as practical and capable of withstanding challenges.
His comments follow the announcement of a US class-action lawsuit by local investors expected to start by the end of next month.7 Dec 2008 - 12:00am
Call to uphold city's financial reputation in minibonds probe
Bankers have called on legislators to be discreet in conducting their inquiry into the Lehman Brothers minibonds debacle, saying they should respect the confidentiality of business information and protect customers' personal data.13 Nov 2008 - 12:00am