Hong Kong
OPINION: London vs Hong Kong – out of the frying pan…?
Even by the very nature of its name, HSBC has always been the most Asian-facing of the multinational super banks, so why does it want to extend its stay in London?
HSBC staying in London prompts mixed reaction
Industry reaction to the news HSBC would retain its London headquarters was mixed, as higher capital requirements and being “trapped” in the European Union might work against the banking giant.
Hong Kong to allow high risk ETFs under tight controls
Hong Kong’s main securities regulator has announced plans to allow a limited range of leveraged and inverse products, which are effectively higher risk exchange traded funds (ETFs), to be sold to the public.
China curb on credit card premium payments hits insurers
China’s reported crackdown on capital outflows by restricting the use of a major credit card to purchase insurance products in Hong Kong hit shares of some of the region’s top insurers on Wednesday.
China sets new rules for insurance companies
China’s foreign exchange regulator has officially implemented a new capital and risk regime for insurance companies, according to the Chinese news agency Xinhua.