Tag: banking

The SFC routinely warns about such entities and scams operating in Hong Kong, one of the region’s paramount financial markets. Presently, the SFC’s comprehensive Alert List features the names of businesses that have come to the attention of the ... ( read original story ...)

HONG KONG/LONDON HSBC (HSBA.L) broke with tradition by choosing outsider Mark Tucker to replace Douglas Flint as chairman later this year, handing the AIA Group (1299.HK) boss the task of selecting a new chief executive for Europe's biggest bank in 2018. ( read original story ...)

HONG KONG -- HSBC says it's tapping the head of Asian life insurer AIA Group to be its chairman, turning to an outsider for a job it has traditionally filled from within its own ranks. The London-based bank said Monday that it named AIA chief executive ... ( read original story ...)

Mr. Tucker, 59, would be the first outsider to take the chairman’s role at HSBC as the bank, which is based in London but generates much of its profit in Asia, reshapes its leadership. He is expected to relocate from Hong Kong to London for the role. ( read original story ...)

Hong Kong’s Hang Seng Index closed Monday at its best level in two weeks ... the issue as it has been the market focus for about two months.” China Construction Bank, Bank of China, and ICBC all jumped more than 3 per cent, closing at HK$6.25, HK$ ... ( read original story ...)

Because of its “currency board” exchange rate link to the US dollar, Hong Kong automatically imports US monetary policy. So when the US Federal Reserve initiated its “quantitative easing” (QE) policy in the depths of the financial crisis in 2008 ... ( read original story ...)

The Hang Seng ... Agricultural Bank of China has the shortest asset duration, which means it can roll over its short-term assets and invest at higher interest rates. Goldman also likes ICBC and Postal Savings Bank of China (1658.Hong Kong). ( read original story ...)

Hong Kong’s securities regulator is investigating CCB International Holdings Ltd., the No. 2 underwriter of initial public offerings in the city last year, for its role advising a Chinese seafood supplier on now-scrapped listing plans, according to ... ( read original story ...)

HONG KONG/LONDON HSBC Holdings Plc (HSBA.L), Europe's biggest bank, tapped an outsider for its top job on Monday, appointing insurance veteran and AIA Group boss Mark Tucker as chairman to replace Douglas Flint, who said last year he planned to step down ... ( read original story ...)

Mr. Tucker, 59, would be the first outsider to take the chairman’s role at HSBC as the bank, which is based in London but generates much of its profit in Asia, reshapes its leadership. He is expected to relocate from Hong Kong to London for the role. ( read original story ...)

HSBC Holdings Plc is lining up Mark Tucker, currently chief executive of insurer AIA Group Ltd, to be the next chairman of Europe's biggest bank, sources with direct knowledge of the matter said on Sunday. Regulators in Hong Kong and London have signalled ... ( read original story ...)

The appointment of Mr Tucker, a former boss of insurance giant Prudential who was also briefly the finance chief of ill-fated HBOS, was confirmed by HSBC shortly before the open of Hong Kong stock market trading late on Sunday night. The 59-year-old said ... ( read original story ...)

HSBC (5.Hong Kong/HSBC) has named AIA Group‘s (1299.Hong Kong) CEO Mark Tucker as its next chairman. Tucker is set to begin his new role on October 1. Tucker is a good fit for HSBC, because HSBC’s business opportunities and focus are also in Asia ... ( read original story ...)

HONG KONG Europe's biggest bank HSBC Holdings Plc (HSBA.L) on Monday said AIA Group Ltd (1299.HK) Chief Executive Mark Tucker had been appointed as its chairman, replacing Douglas Flint. Tucker would take over responsibility for identifying a successor to ... ( read original story ...)