Hong Kong Banking News

The Kronos Group announced today that their European accounts Manager will be retiring at the end of June 2012.

The Kronos group a group announced that many of the world’s rich are abandoning the usual tax havens for Taiwan.

Ex-Banker Reveals Surprising Facts About TARP, Taxes, Wealth Gap And The Need To Increase The US Savings Rate

Leading online retailers YesStyle and YesAsia.com announced today a partnership with Japanese credit card company JCB to offer special benefits, including exclusive discounts and prizes, to customers in 2012.

CTRISKS Rating Limited (“CTRISKS”) publishes the corporate credit ratings Q3 2011 for listed companies in Greater China, covering mainland China, Taiwan and Hong Kong.

Cititrust International, Inc.: 90% of companies on the Hong Kong Stock Exchange are incorporated in an offshore financial center (including Hong Kong). Clients will have new investment services opportunities.

Gold plummeted this week amid a sharp decline in stock markets, capping the week off with a record daily loss of over US$100 on Friday to hit one month lows.

China's Premier Wen Jiabao said his country's expanding economy can contribute further to global growth. China is sitting on more than $3 trillion in foreign currency reserves and has already committed to investing in Greece, Spain and Portugal.

The EU's sovereign debt crisis has worsened, and the financial market turmoil is set to dampen the real economy. There is also increasing speculation that Greece may have to leave the 17-nation single currency zone - Provideo Financial Report.

Latin America's largest economy is reacting as expected to a series of interest-rate increases and other measures implemented by the government in late 2010 and early 2011, designed to contain inflation by reining in access to credit.

The IMF has warned Spain of the risk of contagion from the eurozone debt crisis. Spain is now battling to convince markets that it should not be lumped together with the three lame ducks now under EU and IMF rescue programs - Pretium Ventures Report

Mundial Securities (HONG KONG), an integrated investment research and management firm based in Hong Kong, has announced that Severiano Aguilar has retired from his executive duties at Mundial Securities.

Beacon Pointe Securities (HONG KONG), a leading manager of global investments, with a focus on the developing markets of Asia-Pacific and the Americas, has announced that Mr. Peter Chong will retire as Senior China Strategist on 10th June 2011.

Global use of ‘mobile finance’ surged in the past year as the spread of new technology and mobile banking infrastructure drove a huge increase in take-up rates around the world, new research from TNS, reveals today.

Mundial Securities (HONG KONG), an integrated investment research and management firm based in Hong Kong, has announced that Nathan Fox has been co-opted to the Board of Management and appointed as Vice-President of Mundial Securities.

ACS was present at Cards Asia 2011 to unveil its latest products and solutions in contactless payment and participate in the event's conferences with a speech on online banking security and one card solution.

The price of gold has risen for the seventh consecutive trading session and China Mineral Company analysts expect a continuation of this run.

The 2011 UK budget has been delivered to mass criticism, inciting political protest culminating in violence.

Following the Chinese New Year Festival, Pretium Ventures will be increasing their financial and logistical support in undisclosed Chinese mining ventures.

Provideo Financial reports on the promise of silver in coming years. With demand outpacing supply, silver could be a big winner in 2011.

Boca Comm Global Capital Markets, the boutique investment banking and strategic advisory firm, announced that its MD John Reynolds has been recognized as a leader making a difference to the Chinese investment banking industry.

Provideo Financial analyst agrees that India’s economic growth will overtake China’s in the next 3 years.

Pretium Ventures Analyst Charles Shin offers some insight into the future of China’s economic growth.

Peter Van Kleef, Chief Executive Officer of Lakeview Arbitrage, at Golden Networking's High-Frequency Trading Experts Workshop 2010, in London, October 4 & 5, New York, October 7 & 8, Dubai, October 25 & 26, and Hong Kong, October 28 & 29

Like abandoned donkeys markets have moved around aimlessly. Long-term 'buy-and-hold' investors have not much to show for their patience. In real terms and accounting for dividends the S&P is now doing worse than during the depression of the '30s

HSBC Business Advisor Award 2010 winner helps you with Company Incorporation in and Bank Account Opening in Hong Kong.

The track record was good but short. For a dozen years the European Central Bank (ECB) managed the euro in the austere spirit of the German Bundesbank and didn't allow politicians to interfere in its monetary politics.

At the “6th Banking and Finance Technology Forum Asia 2010” sponsored by NTT Communications, IT management personnel and professionals in the Asian banking and finance industry are invited to examine prospective IT development trends.

Asia's top financial service providers looking to bag US$500,000,000 are in a bidding frenzy for the title sponsorship of Mediazone Group's -Hong Kong's Most Valuable Companies- business awards......

Insurance industry and South African banking urging progress on a workable climate pact.

$230 Million carbon credit forestry fund to be launched by South Africa’s Standard Bank.

In 2007 we have successfully built up business partnership with the world’s leading professional security product manufacturer in United Kingdom ITW-ENVOPAK, and was appointed authorized distributor.

Bond trading revenues drive Wall Street recovery hopes.

The Federal Reserve chief’s recent comments on economic policy gave the Dollar some strength.

In a global economy where multiple currencies are sharing power, one thing separates and Gold from the gang –Neutrality!

The U.S. GDP is looking healthier, but IMF does caution on debt.

Federal Reserve should not be alone in monitoring systemic risk to the economy.

After barely surviving a Lehman Brother’s collapse, CEO John Mack steps down.

Hong Kong-based Mediazone Group remains financially sound with ample cash to finance its much-publicized expansion plans, a company communiqué told Wall Street today.

Over 80 percent of Chinese banks need to invest more in Risk Management training, according to a survey conducted by Vast Talent, a specialized provider of compliance and talent development solutions in China.

The International Association of Risk and Compliance Professionals (IARCP) and JZ Partners Limited have partnered to offer training and certification to individuals in Asia.

As the world’s traditional tax havens come under scrutiny, Singapore’s private banking sector is emerging as a prime destination for wealth from around the globe.

As the global economic turmoil continues to wreak havoc, Malaysia has moved to ease restrictions on foreign investment in order to boost competitiveness.

Yet another area that Singapore is beginning to challenge the old guard in, is private banking needs.

The China New Corporate Income Tax Law(CIT) came into power on Jan 1st, 2008. The Law has allocated a whole chapter-Chapter six: Special Taxation Adjustment to the transfer pricing.

Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations.Additional information may be found at www.citigroup.com or www.citi.com.

A recent ruling in Jersey has given Jersey a boost and may have a domino effect for other tax havens in protecting a party to a divorces assets.

The FTSE blue chip index has fallen nearly 19% since its peak and while many of the investors are spooked by the economic gloom, Beijing has piled in.

Everything you have heard over the last two weeks has been wrong. China was not the top-performing country at the Olympic Games. Jamaica was. And the United States did not come second Mongolia did.

PASSENGERS flying from American airports are to be allowed to put carry-on baggage through X-ray screening machines without having to remove laptops first