HSBC Starts Intertek Coverage at Reduce
Express News | HSBC Holdings has hired Lawrence Xu from Goldman Sachs to be in charge of European financial credit trading.
The Hong Kong Monetary Authority has designated 11 banks as primary liquidity providers for the offshore Renminbi market, with the total scale expanded to 20 billion Renminbi.
HKMA announced that 11 banks have been designated as primary liquidity providers for the Hong Kong offshore RMB market for a two-year period. The arrangement will take effect from October 27 this year upon the expiration of the current designated period, and the total RMB liquidity available under the primary liquidity provider arrangement will increase from 18 billion RMB to 20 billion RMB. The 11 primary liquidity providers include Agricultural Bank of China, BOC Hong Kong (02388.HK), Bank of Communications, BNP Paribas, ICBC (Asia), CICC, Citibank, Hang Seng Bank (00011.HK), HSBC Hong Kong, and ICBC (Asia).
Chung Yuen: In September, there were 468 recorded Hong Kong property transactions, the second lowest in history, and it is expected to remain at a low level in the future.
In September, there were 468 cases of mortgage registration at banks in Hong Kong, second only to the historical low of 463 cases in August, ranking as the second lowest level on record.
Express News | Digital Realty Trust Inc : HSBC Raises Target Price to $168 From $160
Express News | HSBC joins the RMB cross-border payment system