Hong Kong
Alipay, Macau Pass expand partnership for Lunar New Year
Alipay, Macau Pass expand partnership for Lunar New Year
Macao Government Tourism Office estimates an average of 185,000 daily visitors.
Aluminum Corporation of China enters Hang Seng, CSI index
This brings the total number of constituent companies to 50.
WeChat Pay HK extends services to small merchants in Mainland
The system automatically converts Renminbi payments to Hong Kong dollars.
Hong Kong fintech association unveils AI advisory council
It will serve as the industry voice to share best practices, amongst others.
Wise raises money transfer limits, lowers global average fee
Transfer limits to WeChat recipients is now at RMB50,000.
HKMA, AMCM unveil direct linkage for cross-border bond investment
This initiative aims to promote the development of bond markets in both regions.
Fusion Bank, WeBank ink commercial cooperation agreement
Fusion Bank can utilise WeBank’s digital banking tech.
Employment, not prices, to weigh on Hong Kong banks’ loans
Banks will face ‘minor but manageable’ pressure on such portfolios.
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.
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.
WeLab Bank achieves first breakeven in Dec 2024
WeLab Bank credited it to its expanded loan book.
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.
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