Hong Kong
Hong Kong credit card values up 8.4% to $34.91b in Q1
Hong Kong credit card values up 8.4% to $34.91b in Q1
The number of debit card transactions fell although the value rose.
21 hours ago
Hong Kong, China launch Payment Connect for faster cross-border payments
Supported services include instant remittance services, amongst others.
23 hours ago
CITIC Bank International holds firm with solid capital and liquidity: analyst
The bank’s exposure to property development and investment in Hong Kong accounted for 13% of gross loans at the end of 2024.
1 day ago
BEA property risks persist but capitalisation, funding offer buffers
Its impaired loan ratio is expected to remain high in 2025.
3 days ago
HSBC and Mastercard roll out mobile virtual corporate card in Hong Kong
HSBC’s commercial customers can issue virtual cards through a portal.
4 days ago
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.
5 days ago
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
MoneyHero expands wealth product offerings with OSL partnership
Users can now compare digital asset account products.
Hang Seng unveils MTR Jordan Station Retail Banking Centre
It is open from 11 AM to 7 PM on weekdays.
Companies seek real-time liquidity management to avert cash-flow crisis
There is increased corporate demand for liquidity and risk coverage, says HSBC.
Mortgage loans approval increases 2.4% MoM in April
The number of mortgage applications decreased by 7.8% MoM.
HKMA, HKUST Business School ink MoU for applied cybersecurity research
They will explore supervisory tech and regulatory tech.
PAObank names Ronald Iu as chief executive
Iu has previously served as chief executive of two other digital banks in Hong Kong.
HSBC unveils Tokenised Deposit Service in Hong Kong for treasury management
Ant International is HSBC’s first client to adopt the service.
HSBC enhances entrepreneurial wealth proposition in Hong Kong
It has launched two programmes to support businesses and private banking clients.
Citi launches AI tools for Hong Kong employees
One tool can summarise, compare, and translate multiple documents at the same time.
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He advises that fintechs must align tech investments with business goals and evolving customer expectations.
