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HSBC swaps private banking unit CEOs
2015
05
19
16:17
HSBC, one of the world's largest money managers for the ultra-wealthy, has changed the leadership of a key private banking unit that serves them. Henry Lee is now global head and CEO of HSBC's Alternative Investment Group, replacing Peter Rigg, who is leaving the bank. HSBC's alternative investment business manages and advise...
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China retakes spot as biggest holder of U.S. debt
2015
05
19
16:16
Well, that was short-lived. After just one month, China has nudged Japan out of the way, retaking the top spot as the world's biggest holder of U.S. debt. Treasury Department data released Friday showed that China owned $1.261 trillion worth of U.S. government securities at the end of March, compared to $1.2269 trillion for Japan. ...
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Janet Yellen is now taking a back seat to China
2015
05
18
16:55
Traders have been panicking over the sudden rise in global bond yields triggered by the expected tapering of the Federal Reserve’s stimulus programs. But an unlikely savior may emerge to limit the damage: China. That’s the view of researchers at Oxford Economics, who think the world’s second-largest economy is starting ...
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Financial Briefs: News Digest
2015
05
18
16:54
Acquisitions Alibaba’s Jack Ma In Deal for Reorient Five investors including Alibaba Chairman Jack Ma agreed to acquire a controlling stake in Hong Kong-listed Reorient Group Ltd. amid growing interest in the city’s brokerages. According to a Hong Kong stock exchange filing on Thursday, Mr. Ma’s Yunfeng Financial Hold...
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MBA Jobs: Hong Kong Stock Leads Finance Hiring Surge In China
2015
05
15
16:44
China’s frothy stock markets have boosted the job market in Hong Kong, with banks and other finance institutions ramping up recruitment of candidates who can bridge China with global capital markets. The Shanghai Composite stock market has more than doubled over the past year, pushing China to be rated as best performing stock mark...
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HSBC moved by dilemma
2015
05
15
16:43
With the dust settled over Britain's general election, HSBC's possible relocation has become a hot talking point. When the London-based banking giant earlier floated the idea of moving its headquarters, it was seen as posturing made in response to a possible Labour Party victory. A veteran in local political and economic circle...
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Fight Over China Currency Policies Threatens Vote on Trade Bill
2015
05
14
11:53
WASHINGTON — A heated dispute over how to challenge China on currency policy has imperiled a trade bill that has become President Obama’s top legislative priority, uniting even the president’s top Democratic supporters against taking up the bill in the Senate. Senator Mitch McConnell, Republican of Kentucky and the majo...
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The Hot Money Cools on China
2015
05
14
11:51
-Some $300 billion has been moved out in the past six months While the world marvels at the rise of Chinese stock prices, money is quietly leaving the country at the fastest pace in at least a decade. Louis Kuijs, Royal Bank of Scotland’s chief China economist, estimates that China lost $300 billion in financial outflows in the six...
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Here's why investment volume dropped in Q1 2015
2015
05
11
14:47
The market has become quieter. The Hong Kong commercial property investment market turned quieter in Q1 2015, with transaction volume falling significantly. According to a research note from CBRE, total investment turnover (including transactions worth US$10 million and above, excluding pure land site transactions) during the period decl...
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Fluctuations dizzy investors
2015
05
11
14:45
The Hang Seng Index extended Tuesday's downtrend and fell another 114 points to close at 27,640, though it had once reached an intraday of 28,054. The Shanghai Composite Index lost another 1.6 percent yesterday after diving 4 percent the day before. The daily movement was near 5 percent. The HSI intraday range was 718 points on Tue...
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