Hong Kong

Hong Kong’s foreign currency reserve assets reached 281.7 billion U.S. dollars by the end of October, 2011, up 4.1 billion U.S. dollars compared to the end of September.

Before joining HSBC, Hou served in a number of roles at China's State Administration of Foreign Exchange for 11 years.

The three new senior appointments of BNP Paribas Wealth Management will give an added boost to the bank’s growth strategy for the region.

He will also be Chief Executive of the Hong Kong branch as of 19 April 2012, but is still subject to regulatory approvals.

HSBC Life’s bancassurance business handles insurance portfolios with an average case size of RMB100,000.

Andrea will report to David Covin, Global Head of Investor Sales Client Strategy and Business Development.

Concerns of rising exposure are indeed valid as HK banking assets' exposure was only 24% at end-June 2011 and 10% at end-2008.

Yann is also appointed as Head of Interest Rates and Forex Derivatives business for Asia Pacific.

The bank will also act as joint underwriter in the rights issue of about HKD11.33 billion.

The lender is the first in Hong Kong to be recognized by the Global Reporting Initiative standards.

Protestors rallied in Hong Kong and Tokyo in support of the Occupy Wall Street demonstrations that began last month in New York.

The promulgation of the Notice on Cross-border Renminbi Foreign Direct Investment by the Ministry of Commerce, and the Renminbi Foreign Direct Investment Settlement Rules by the People's Bank of China has been welcomed by Hong Kong.

Former NAB banker will be tasked to develop market and product strategy for the region.

She will head the Asia-Pacific operations, effective immediately.

The programme is aimed to achieve greater flexibility and diversity in the lender’s asset and liability management.

Comparing Hong Kong with Singapore: Which one is larger? Hard to tell