Hong Kong
Hong Kong lenders consider making bad bank to offload $25b in soured loans
Hong Kong lenders consider making bad bank to offload $25b in soured loans
Hang Seng Bank and BoCom reportedly mulled setting up a special vehicle.
1 day ago
Airstar Bank honoured at Asian Banking & Finance Retail Banking Awards 2025
The Hong Kong-based digital bank was awarded for its efforts in driving innovation in digital banking.
3 days ago
OCBC Bank Hong Kong sets up team to support entrepreneurs
OCBC Group is aiming to disburse S$5b in loans to entrepreneurs by 2028
6 days ago
BOC International’s investment risk is limited, profitability stable: report
Its brokerage income has remained stable in the pats 4 years.
Hong Kong says Chong Sing Heritage Trust an unauthorized bank
The bank does not have authorization to carry a banking business in Hong Kong.
Stablecoins bill brings stricter oversight, opportunity to Hong Kong
The digital tokens could support cross-border payments and smart escrow.
Nearly 2 in 3 Hong Kongers hold a digital bank account
Respondents said digital banks outperform incumbents in account opening promotions.
PAObank extends 16% rate promo on HKD time deposits to July 31
The first HK$50,000 time deposit will enjoy the promo rate.
Chart of the Week: HK credit and charge card market to reach $132.4b
Banks are rolling out new services, such as a mobile virtual card and a dual-currency card.
AEON Credit Service’s profit up 31.3% to US$13.9m in Q1
Earnings per share is 26.11 HK cents.
Hong Kong credit card values up 8.4% to $34.91b in Q1
The number of debit card transactions fell although the value rose.
Hong Kong, China launch Payment Connect for faster cross-border payments
Supported services include instant remittance services, amongst others.
BEA property risks persist but capitalisation, funding offer buffers
Its impaired loan ratio is expected to remain high in 2025.
HSBC and Mastercard roll out mobile virtual corporate card in Hong Kong
HSBC’s commercial customers can issue virtual cards through a portal.
Nanyang Commercial Bank still weighed down by property risks in 2025
The de-risking process is expected to take a longer time, Moody’s said.
Hong Kong’s millionaire density trails only mainland China: report
It noted Hong Kong as having one of the highest millionaire densities in the world, second only to mainland China.
BoCom Hong Kong profitability lifted by interest and fee income
The growth of its wealth management business will benefit fee income, says Moody’s
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The bank was honoured for being a trusted wealth partner for high-net-worth clients and for setting a new standard in digital wealth management.
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