Royal Bank joins Air Canada in labeling Taiwan as part of China

The bank’s designation is coming to light after a similar move ... on April 25 to 36 air carriers that “demanded” they change the reference of Taiwan, Hong Kong and Macao to “fall in line with the Communist Party’s standards,” according to ... ( read original story ...)

Pressure on Hong Kong to Scrap Currency Peg

If only Chief Executive Carrie Lam and Norman Chan, who heads Hong Kong’s de facto central bank, spent as much time and resources addressing worsening inequality and social mobility. The falling Hong Kong dollar is a distraction—more symptom than cause ... ( read original story ...)

HSBC Can Feast on Deutsche Bank’s Pain

Tellingly, Hossein Zaimi, named by HSBC to run its global equities business last year, is based in Hong Kong and not London, the location of his predecessor. Two of the bank’s five biggest and fastest-growing markets — Hong Kong and China — are ... ( read original story ...)

HSBC raises deposit rates

Janice HuangHSBC (0005) will increase both Hong Kong dollar and US dollar time deposit rates.On Hong Kong dollar time deposit rates, HSBC is to raise the six-month rate from up to 1.35 percent a year to up to 1.6 percent a year and 12-month rate from up to ... ( read original story ...)

HSBC headhunts equities experts

Others joining HSBC in Hong Kong include Edman Won... HSBC Holdings (0005) is continuing a hiring spree for its equities business in the Asia-Pacific region, recruiting executives from firms including Deutsche Bank AG and Citigroup Inc, according to sources. ( read original story ...)