Hong Kong
HSBC unveils invitation-only credit card for ultra wealthy clients
HSBC unveils invitation-only credit card for ultra wealthy clients
It debuted in Hong Kong and will launch in Singapore and India next.
Over 97% of Hong Kongers trust digital banks’ security measures
Digital bank account holders are willing to open more accounts with other digital banks.
Hong Kong unveils sustainable finance action agenda
Banks are required to achieve net zero in their operations by 2030.
Bank of Singapore nabs BOCHK banker as market head for GC Hong Kong
Chi brings over 20 years of experience into her new role.
2024 Policy Address: Family office policies affirm HK's wealth management hub status
An analyst said the initiatives will boost investor confidence.
2024 Policy Address: Hong Kong to boost offshore RMB business
Plans include upgrading the Central Moneymarkets Unit.
Hong Kong hospitals, banks embrace relaxed data transfer rules
Whilst not mandatory, they could simplify data exchange with cities in South China.
Hong Kong to rename ‘virtual banks’ to ‘digital banks’
The bank will set-out new guidelines shortly.
Airwallex Capital launches Airwallex Yield for asset management
The service was first introduced in Australia.
HK central bank, banking assoc express support for banking integrity charter
The HKMA and HKAB co-hosted the launching ceremony with ICAC.
Hang Seng has approved $60m of SME loans with HKMA’s account data sharing model
Customers can authorize Hang Seng to directly retrieve info and data from other participating banks.
Hong Kong Fintech Week 2024 kicks off on 28 October
InvestHK expects to draw about 30,000 attendees from 100 economies across the globe.
Hang Seng bank declares third interim dividend of HK$1.2 per share
The payment date is on 12 November 2024.
DBS Hong Kong names Kuok Khoon Hua as independent non-exec director
The appointment is effective 7 October 2024.
BNY names ex-HSBC banker as head of APAC corporate trust
Jamie Pratt will lead, develop, and execute BNY’s corporate trust strategy.
Bank of East Asia, UDPN test stablecoin transfers via digital currency wallets
BEA was able to gain insights on CBDCs and the mechanism of stablecoins.
Hong Kong deposits see modest growth in August, up 1.1% YoY
Year-to-date, total deposits have grown by 5.0%.
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1. Singapore banks introduce safeguard for large digital withdrawals 2. SMBC Group establishes offshoring hub in Chennai, India 3. Singapore banks lead globally in AI use for financial crime compliance 4. Private lenders step in as Hong Kong banks cut real estate loan growth 5. CIMB unveils new wealth management platform in MalaysiaResource Center
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Electronic trading proves its strength in times of volatility