Hong Kong

Even prospects just got disappointing.

Net profit surged 14.6% to $635m.

But here's the catch.

Lower margins are largely to blame.

Find out what's in it for customers.

Can be used with any smartphone and on any network.

Upgraded service to be available early next year.

Others are seen to deteriorate.

Here is what to blame.

Fund will be listed on Hong Kong Stock Exchange November 26.

The People’s Bank of China (PBoC) is likely to lift the RMB 20,000 daily limit on currency conversion for Hong Kong residents, according to the Hong Kong Monetary Authority’s chief executive Norman Chan. As we have long argued, the removal of the conversion cap is crucial to further facilitate the growth of the Hong Kong’s offshore RMB market (see “It’s time to review the personal conversion quota” 3 Apr 2012, and “How will HK maintain its RMB edge?” 25 Oct 2012).

LT Group Inc. becomes majority owner of Allied Banking Corp.

It'll comprise traders across key markets.

Thanks to an increase in the monetary base.

Here's what boosted this growth.

Most originally came from the mainland, however.