The Hongkong and Shanghai Banking Corporation Ltd (HSBC) has appointed Rajnish Kumar as an Independent Non-Executive Director on the board of its Asian entity. ( read original story ...)
China banking and insurance regulator fines PICC Property & Casualty
China's banking and insurance regulator on Monday said it was fining PICC Property and Casualty Co Ltd due to a violation of the insurance law.The non-life insurer was fined 500,000 yuan (US$77,000), ... ( read original story ...)
Bank of China H1 profit rises 12%, biggest first half jump since 2013
Bank of China Ltd (BoC) (601988.SS), the country's fourth-largest lender by assets, posted a 11.8% increase in first-half net profit on Monday, the biggest jump since 2013 as business activity ... ( read original story ...)
Former SBI chairman Rajnish Kumar joins HSBC board in Asia
Rajnishs depth and breadth of experience across Indias financial industry will be an invaluable addition to the Board of the Groups flagship Asian entity as HSBC directs its focus towards the region. ( read original story ...)
HSBC Asia appoints former SBI chief Rajnish Kumar as independent director
Rajnish Kumar will also be a member of the Audit Committee and Risk Committee of HSBC's Asian entity, which includes the Indian operations of the bank. ( read original story ...)
Ex-SBI chief Rajnish Kumar appointed HSBC independent director
Rajnish’s depth and breadth of experience across India’s financial industry will be an invaluable addition," said Peter Wong, Chairman of the Board of HSBC ... ( read original story ...)
Axis Bank Limited, Hong Kong Branch — Moody’s assigns B1(hyb) Axis Bank’s proposed AT1 capital securities
Axis Bank's proposed AT1 capital securitiesRead the full article at Moody's ... ( read original story ...)
Shun Tak ends H1 with HK$470 mln in net profits
By the end of June, 2021 Sun Tak’s bank borrowings outstanding at the period end amounted to HK$18.3 billion. Including subsidiaries but excluding joint ventures and associates, employed approximately ... ( read original story ...)
Finastra upgrades Shanghai Pudong Development Bank treasury infrastructure
IBS Intelligence is a leading global FinTech News & Research firm. Get ✅ Latest Digital Banking & Financial Technology News, ✅ Research & ✅ Market Insights. ( read original story ...)
Hong Kong director accused of flouting Covid-19 rules over screening to take case to court instead of paying fine
Kiwi Chow says undercover raid on film screening that was meant to be a private event is ‘ridiculous and ugly’ and will not pay the HK$5,000 fine. ( read original story ...)
Shenzhen Daily: Qianhai strives to facilitate Shenzhen-Hong Kong cooperation
This is a report from Shenzhen Daily: The Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone celebrated its 11th anniversary of establishment on Aug. 26. Over the past 11 years, ... ( read original story ...)
Hong Kong bans PAL passenger flights for 2 weeks over virus cases, say HK media
Hong Kong on Sunday banned Philippine Airlines flights from Manila for two weeks after three of passengers from Manila tested positive for COVID-19, Hong Kong media reported. ( read original story ...)
SoftBank-backed AI startup SenseTime files for Hong Kong IPO
In the first half of 2021, the China-based startup’s revenue increased 2x while its gross profit margin went slightly up to 73%. ( read original story ...)
Half of Hong Kong’s eligible population fully vaccinated against Covid-19
Around 3.37 million Hong Kong residents have been fully vaccinated under a government inoculation programme.. Read more at straitstimes.com. ( read original story ...)