Hong Kong

Employment, not prices, to weigh on Hong Kong banks’ loans

Banks will face ‘minor but manageable’ pressure on such portfolios.
2 days ago

Hong Kong leads APAC loan market with US$113.3b in 2024

Offshore loans for Chinese corporates drove Hong Kong’s loan volume, totalling to US$66.7b or a 19.5% increase compared to 2023.
3 days ago

DBS welcomes deepening financial market ties between Hong Kong, China

It will broaden overseas investment channels for mainland institutional investors, a DBS managing director said.
3 days ago

WeLab Bank achieves first breakeven in Dec 2024

WeLab Bank credited it to its expanded loan book.
6 days ago

Hong Kong launches incubator for banks’ adoption of DLT

Tokenised deposits will be a core focus upon the incubator’s inception.

Nine in 10 SMEs enhances brand image through HKSMEA, Dah Sing Bank initiative

The survey showed that 72.2% acknowledged funding support for certification.

South African fintechs look to Hong Kong for funding

Tax perks and access to Africa await foreign investors.

ZA Bank to give out cash equivalent to 1 Bitcoin

You can earn points by doing crypto investment related activities in the app.

PAObank, Mybooster launch cross-border e-commerce revolving loan

It offers funding of up to $5m, with tenor extending up to six months.

Dah Sing Bank warns against fake website

The bank has reported the incident to the Hong Kong Monetary Authority.

BEA teams up with GRCB to expand WMC southbound business

GRCB is BEA’s first WMC partner bank outside the BEA group.

OCBC Hong Kong sells 33% stake in Hong Kong Life

Yue Xiu Enterprises (Holdings) bought the stake from the bank.

Hong Kong bankers to see 15% to 20% salary hikes next year

But middle and back-office recruitment is expected to focus on replacing existing roles.

ZA Bank’s Rate Watch offers $114 for lower interest proof

Users can still receive up to $24.20 even if a loan application is unsuccessful.

BEA and IDA launch HKD-pegged stablecoin

The initiative includes a trial involving a local payment gateway.