Hong Kong
Hang Seng Bank to launch RMB counter on 19 June
The bank’s shares will be designated as dual counter securities by the stock exchange.
Hang Seng Bank to launch RMB counter on 19 June
The bank’s shares will be designated as dual counter securities by the stock exchange.
Citi unveils automated settlement solution in Hong Kong
This connects to Hong Kong's central clearing and settlement system.
HSBC, FreightAmigo launch Ship Now, Pay Later in Hong Kong
Users will be able to utilise the digital logistics platform and choose extended payment terms.
PAOB launches Business Revolving Loan in expanded eftPay collaboration
It offers a maximum credit limit of up to HK$300,000.
Shareholder support key for Hong Kong virtual banks to weather failure risks
Six out of the eight virtual banks in the city reported narrower losses in 2022.
BOCHK warns customers against phishing messages, fake app
The case has been reported to the HKMA and the police.
Hong Kong’s livi bank launches game-changing app for SMEs
Going fully digital on opening accounts and approving quick loans to SMEs raises ‘livi Business’ disbursements to over HK$70m (US$8.9m) as of end-April.
Hong Kong mortgage loans down 21.2% in April
The number of mortgage applications also dropped by 27.6% to 8,368 applications.
HSBC unveils new measures to support Hong Kong, mainland startups
A specified lending fund was increased to $3b.
Hang Seng, Mastercard to launch the MMPOWER touch card
Cardholders can earn up to 5% +FUN Dollars whilst spending online and offline.
ING closes $404.8m infrastructure securities for the Hong Kong Mortgage Corp
ING also acted as the sole finance adviser for the issuance's sustainable tranche.
Hang Seng Bank appoints Kathy Cheung as chief risk and compliance officer
She was formerly chief risk officer for HSBC Hong Kong.
Hang Seng warns customers of faux Instagram account
This is the fifth time in May that Hang Seng Bank warned of a fake account.
Hong Kong’s SFC to allow crypto trading
Final guidelines for crypto investment will become effective starting 1 June 2023.
Hang Seng says ‘be vigilant’ of new deceptive sites
Fraudulent websites may display the bank’s logo.
Hong Kong’s ZA Bank floats virtual asset trading services
The virtual bank also mulls launching US stock trading services in due course.
Hang Seng organises $100m social loan for Unistress
This funding will entail establishing schools for children and transitional homes for low-income households.
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