Hong Kong

Small Hong Kong banks dead set on expanding abroad

Small Hong Kong banks dead set on expanding abroad

Blame it on competitive pressure in a mature low interest-rate Hong Kong market.

Mortgage loans in Hong Kong declined 15.9%

Blame it on the property cooling measures.

Hong Kong banks' system deposits up 2.9% in January

Thanks to the 3.6% growth in HK$ deposits.

This is how HKMA's tighter regulations help banks' credit profiles

The more severe 300bp interest-rate stress test is a boon after all.

Bank of East Asia posted ~USD780m net profit for FY12

Barclays cites 3 reasons behind the profit beat.

Hong Kong banks' earnings to only grow 5% in 2013

Blame it on abundant liquidity conditions exacerbated by weaker loan demand.

Hang Seng Bank introduces gold-linked deposits

It’s the first gold-linked deposits since Hong Kong began requiring approvals for structured products in 2010.

Myanmar opens banking sector more to foreigners

Foreign banks could own majority shares in joint-venture banks.

China Big Four’s new loans up from year earlier

Top state-owned banks extend more loans in January.

Deutsche Bank looks to Asia for more profits

Intends to double earnings from the Asia Pacific between 2011 and 2015.

HSBC appoints new head of internal audit

HSBC has appointed Manveen Pam Kaur as Group Head of Internal Audit effective April 1.

Hong Kong banks' system loans up 9.6% in 2012

Thanks to trade finance and China-related lending.

HKMA warns of fraudulent website

Some fraud is pretending to be HSBC.