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Global volatility, not Euro crisis to affect HK banking: Sec KC Chan
Global volatility, not Euro crisis to affect HK banking: Sec KC Chan
While Hong Kong’s banking sector does not have a high level of exposure to European countries with severe sovereign debt problems, the global financial markets may still adversely impact Hong Kong's banking sector.
China and Hong Kong renew currency swap agreement
The People's Bank of China and the Hong Kong Monetary Authority have signed a renewed currency swap agreement for a term of another three years.
Korea Exchange Bank’s outlook stable, says Fitch
As it holds 6% of the system's total assets and facilitates 30% of the nation's trade finance.
What you need to know about HK banks’ EU exposure
Can HK banks dispel the risks from European banks’ fundings?
China Investment Corp acquires $1.75bn CCB stake
China’s sovereign fund now has 60.46% stake in the lender, up from 59.31%.
CCB mulls to establish foothold in Brazil
The move to take advantage of China overtaking of the US to become Brazil’s largest trading partner.
South Korea orders Lone Star to sell KEB stake
FSC said Lone Star should reduce its 51.02% KEB stake to below 10% by mid-May.
Indonesia’s central bank mulls establishing e-money watchdog
Bank Indonesia raises concern on regulating e-money transactions for consumer safety.
Woori and Shinhan vies for Tomato Savings Bank
Tomato’s senior executive commits suicide amid probe on debts.
Vietinbank gets approval to increase charter capital to VND20.2 T
The Governor of the State Bank of Vietnam approved VietinBank’s application to raise its charter capital from current VND16.858 to VND20.23 trillion or US$1 billion.
RHB may pay up to $514m for OSK unit
The banking group may issue new shares equivalent to as much as 10% of its existing equity to pay for the unit.
Temasek buys one third of CCB shares
And the remaining stocks from BofA were bought by Chinese investors.
Malaysian banks hail central bank financing guidelines
The Association of Banks in Malaysia hailed Bank Negara's Guidelines on Responsible Financing.
Bank Indonesia sees need for e-money regulations
Bank Indonesia is calling for regulators to monitor purchases and banking transcations made through cellphones.
Bank Rakyat eyes more acquisitions
Bank Rakyat Indonesia's local expansion plans include buying into a local brokerage company or acquiring a bank.
Morgan Stanley to put up Indonesian brokerage
Morgan Stanley plans to set up a brokerage business in Indonesia in the middle of next year to capitalize on its accelerating economy.
Metrobank nine month profit up 47.6% to $205.08mn
The lender's performance brought the bank’s annualized return on equity to 12.3%.
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