Hong Kong
Hong Kong to adopt loose approach to Basel II
The Hong Kong Monetary Authority, the financial regulator for the special administrative region of China, will not be mandating that certain types of banks adopt certain portions of the revised Basel Accords, according to a speech by Simon Toping,…
Hong Kong and Shanghai exchanges in energy derivatives venture
The Hong Kong Exchanges and Clearing Limited (HKEx) and the Shanghai Futures Exchange (SHFE) have signed a memorandum of understanding to develop an Asian energy derivatives market, the exchanges said today.
Hong Kong retail credit-linked bond is latest victim of 'atypical pneumonia'
SHK Fund Management, a unit of Hong Kong conglomerate Sun Hung Kai, has postponed the sale of a retail minibond linked to the credits in the Standard & Poor’s 100 Index, due to the deteriorating social and economic environment in Hong Kong caused by the…
BNP Paribas hires Hong Kong-based securitisation specialist from Fitch
BNP Paribas has hired Sunny Park as a Hong Kong-based associate director and structured credit research analyst. She is due to start work at the French bank this week, and was previously an analyst in the structured finance division of credit rating…
Prebon Yamane names new MD in Hong Kong
International brokerage house Prebon Yamane has named Peter Pao as its new managing director in Hong Kong following the retirement of 28-year veteran, Joe Lam, in December last year. In his new role, Pau will be responsible for the greater China region.
Hong Kong banks lagging in preparation for Basel II
Hong Kong's banks are lagging their European counterparts in preparing for Basel II with most still at the early stages of project planning, according to a report by consultants KPMG.
Hong Kong’s PCI sees opportunities in US, Europe synthetic CDOs
Hong Kong-based PCI Investment Management, which recently closed a $500 million Asian managed synthetic collateralised debt obligation (CDO), is in no hurry to market another synthetic CDO, but managing director Herman Fung reckons that there could be…
BIS opens representative office in Mexico
The Bank for International Settlements (BIS) has opened a representative office in Mexico City to serve as a centre for its activities in the Americas.
Merrill Lynch targets Asian retail investors
Investment bank Merrill Lynch has finally joined the flock of institutions battling for Hong Kong’s retail investors, with the launch of its first publicly offered capital guaranteed fund, with more issues planned in the coming months.
One-fifth of Hong Kong investors will consider hedge funds
Around one-fifth of Hong Kong investors that currently invest in traditional mutual funds said they may buy hedge funds, following the Special Administrative Region’s decision in May to open up the hedge fund market to retail investors, according to a…
Hong Kong Exchange to allow more derivatives listings
The Stock Exchange of Hong Kong, a unit of Hong Kong Exchanges and Clearing Limited (HKEx), said it is changing its main board listing rules from July 1 to allow more derivatives products, such as equity-linked instruments (ELIs), to be listed on the…
Hedge funds open to retail investors in HK
A new ruling by Hong Kong's Securities and Futures Commission (SFC) today will allow retail investors in the Special Administrative Region to buy hedge funds from the third quarter of this year.
Hong Kong banks set to struggle with Basel II
Many of Hong Kong’s banks could struggle to implement the Basel II capital adequacy accord because of their lack of sophisticated risk management systems, professional services firm Deloitte Touche Tohmatsu said in October.
Asian banks face hedging threat
Hong Kong - The Basel II bank capital adequacy accord could stop Asia's banks from hedging risk, resulting in their being shut out of the global banking system entirely, says Paul Sheehan, Hong Kong-based co-head of Asian bank research at US investment…
Asian banks fear unfair op risk capital charges
Operational risk has long been a challenge for Asia’s banks. But many smaller banks in the region fear that a capital charge against such hazards as fraud, computer systems failure and settlement foul-ups would penalise them unfairly if it took the form…