Credit Suisse Hong Kong
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.










Hong Kong SFC & HKMA on Credit Suisse: Open for Business, Total Assets $7.85 Billion Represents 0.5% of Total Banking Sector Assets & 9th Largest Listed Structured Product Issuer with 4% of Current Market Share

21st March 2023 | Hong Kong

The Hong Kong Securities & Futures Commission (SFC) and central bank Hong Kong Monetary Authority (HKMA) has released a joint statement (20/3/23) on UBS acquisition of Credit Suisse, with Swiss National Bank (SNB) to provide liquidity assistance to support the acquisition.  Credit Suisse is open for business as usual, and Credit Suisse total assets is around $7.85 billion representing 0.5% of total Hong Kong banking sector assets and is the 9th largest listed structured product issuer with 4% of current market share (outstanding issues). Hong Kong SFC & HKMA: “ (Credit Suisse HK businesses) All of them will open for business today as usual. Customers can continue to access their deposits with the branch and trading services provided by Credit Suisse for Hong Kong’s stock and derivatives markets.  The total assets of Credit Suisse AG, Hong Kong Branch amounted to about HK$100 billion, representing less than 0.5% of the total assets of the Hong Kong banking sector.  The exposures of the local banking sector to Credit Suisse are insignificant.   The Hong Kong banking sector is resilient with strong capital and liquidity positions.  The total capital adequacy ratio of locally incorporated authorized institutions stood at 20.1% at the end of 2022, well above the international minimum requirement of 8% … … Credit Suisse’s licensed corporations are not among the top 10 active brokers in the stock market and the derivatives market.  As of the end of February 2023, Credit Suisse was the 9th largest listed structured product issuer, accounting for about 4% of the total market in terms of market value of outstanding units.  Their overall exposures to the Hong Kong market are not significant.”  See below for Hong Kong SFC statement.”

“ Hong Kong SFC & HKMA on Credit Suisse: Open for Business, Total Assets $7.85 Billion Represents 0.5% of Total Banking Sector Assets & 9th Largest Listed Structured Product Issuer with 4% of Current Market Share “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
6th March Hong Kong | 13th March Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 6th March 2024 in Hong Kong, 13th March 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
10th April Hong Kong | 24th April Singapore

Join 100+ single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





 

Hong Kong SFC & HKMA Joint Statement on Credit Suisse

Credit Suisse Hong Kong

20th March 2023 – The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) welcomed the announcements made by the Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank (SNB) early this morning (20 March) relating to the acquisition of Credit Suisse AG by UBS AG.  SNB will provide liquidity assistance to support the acquisition.

Credit Suisse’s operations in Hong Kong comprise a branch supervised by the HKMA and two licensed corporations supervised by the SFC.  All of them will open for business today as usual. Customers can continue to access their deposits with the branch and trading services provided by Credit Suisse for Hong Kong’s stock and derivatives markets.

The total assets of Credit Suisse AG, Hong Kong Branch amounted to about HK$100 billion, representing less than 0.5% of the total assets of the Hong Kong banking sector.  The exposures of the local banking sector to Credit Suisse are insignificant.  The Hong Kong banking sector is resilient with strong capital and liquidity positions.  The total capital adequacy ratio of locally incorporated authorized institutions stood at 20.1% at the end of 2022, well above the international minimum requirement of 8%.  The average Liquidity Coverage Ratio of category 1 institutions was 162.3% in the fourth quarter of 2022, staying well above the statutory minimum requirement of 100%.

In addition, Credit Suisse’s licensed corporations are not among the top 10 active brokers in the stock market and the derivatives market.  As of the end of February 2023, Credit Suisse was the 9th largest listed structured product issuer, accounting for about 4% of the total market in terms of market value of outstanding units.  Their overall exposures to the Hong Kong market are not significant.

The HKMA and the SFC will stay in close touch with the Swiss authorities, and will monitor the financial markets very closely.




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    InvestorProfessionalFamily OfficeExecutive


    SubscriptionMembershipEvents


    Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights










    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014




    Previous articleSingapore MAS: Credit Suisse Will Continue Operations in Singapore with No Interruptions or Restrictions Following Takeover by UBS
    Next article$8.59 Trillion BlackRock Hires Goldman Sachs Nicholas Peach as Head of APAC Markets & Investments for iShares & Index Investments 
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia