standard chartered Tag

17 Feb GBA@5: how Hong Kong has become the investment and insurance hub of Greater Bay Area

Posted at 03:30h in Asia

Developments like these have enticed high-net-worth individuals from the mainland to use Hong Kong as a base to manage their investments and diversify their portfolio.“I am very impressed by the thoughtful and excellent quality of service provided by financial advisers in Hong Kong,” said a...

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14 Feb Standard Chartered considers revamp of institutional banking arm to boost returns

Posted at 03:25h in Asia

Standard Chartered is considering restructuring its institutional banking arm, the unit that houses the firm’s investment bankers and traders, as part of the latest effort by chief executive officer Bill Winters to improve the lender’s returns.The lender has been weighing options including separating its...

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11 Feb Year of the Dragon: most popular of the Chinese zodiac signs dominates corporate lai see packets again

Posted at 06:30h in Asia

“This is because the dragon is the most popular zodiac animal of them all. Everybody likes dragons, so the companies want to deliver dragon-designed lai see packets to their customers.”It is Chinese tradition for married couples to hand out lai see, or blessing money,...

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04 Feb Year of the Dragon: Hong Kong banks line up fireworks dinners, lucky draws and boost deposit rates to entice new clients

Posted at 02:00h in Asia

Fireworks dinners, lucky draws, high deposit rates, air tickets and donations to charities are among the major incentives Hong Kong banks are dangling to attract wealthy customers and depositors ahead of the Lunar New Year.HSBC, Bank of China (Hong Kong) (BOCHK), Standard Chartered, Bank of...

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31 Jan Hong Kong’s banks report bumper profits in 2023 as record interest rates swell margins

Posted at 07:39h in Asia

Hong Kong’s banks reported their second straight year of bumper profits, as higher funding costs bloated their net interest margins, while a general recovery in post-pandemic business activity increased the demand for loans.Pre-tax profit among the city’s retail banks increased by 62.1 per cent in...

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17 Jan Hong Kong airport operator’s retail bonds take off on first day of sales, HSBC and BOCHK say

Posted at 11:10h in Asia

In fact, demand for the notes matched the popularity of the Hong Kong government’s green bonds issued in September last year, according to HSBC, Hong Kong’s biggest bank and a co-arranger of the deal.“Compared to the retail green bond issuance by the Hong Kong government...

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16 Jan HSBC, Standard Chartered, Bank of China among lenders waiving fees for Hong Kong airport operator’s US$640 million retail bond

Posted at 00:30h in Asia

Banks and brokers are waiving a range of fees for retail investors eyeing Airport Authority Hong Kong (AAHK)’s highly anticipated HK$5 billion (US$640 million) bond, which opens for subscription on Wednesday.HSBC, Hong Kong’s biggest bank, plans to waive eight types of charges for the airport...

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11 Jan Hong Kong’s family office push, investment scheme and US rate cuts to spur demand for yuan assets: Standard Chartered

Posted at 00:00h in Asia

The anticipated US interest-rate cuts, the Hong Kong government’s measures to attract family offices and the coming investment migration scheme will attract investors to yuan-denominated assets this year, according to a senior executive at Standard Chartered Bank.The lender, one of the three note-issuing banks in...

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02 Jan Wealth Management Connect: HSBC, Standard Chartered among top banks eyeing Greater Bay Area sales boost with roll-out of enhancements to cross-border investment scheme

Posted at 00:30h in Asia

The soon-to-be-launched enhancements to the cross-border Wealth Management Connect scheme are set to boost sales and capital flows between Hong Kong, Macau and the nine mainland Chinese cities in the Greater Bay Area development zone, Hong Kong’s biggest banks said.The People’s Bank of China’s...

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