Hong Kong
Hong Kong deposits see modest growth in August, up 1.1% YoY
Hong Kong deposits see modest growth in August, up 1.1% YoY
Year-to-date, total deposits have grown by 5.0%.
ZA narrows net loss, sees 46% net revenue rise in H1
Total assets and net interest margin grew during the first half of 2024.
Hong Kong rate cuts provide ‘modest’ relief to borrowers
Banks in the city still face profitability pressures, CRE-related woes.
EFG Bank clinches three Citi bankers to bolster Hong Kong operations
Seamus Yin, Miao Miao, and Lianghan Chen all previously worked at Citi Private Bank.
Hong Kong banks can handle CRE risks: analyst
They’ve been implementing measures to lower China-related property exposures.
ZA Bank unveils foreign exchange time deposit
Users can access it via the deposit page in the ZA Bank app.
Dah Sing Bank warns against fraudulent Facebook, website
The bank has reported the case to the Hong Kong central bank and police.
Bank of China Hong Kong to explore e-HKD payment programmability
BOCHK will work with a subsidiary of Sun Hung Kai Properties.
Citi wealth head visits Hong Kong
Andy Sieg attended three events and toured Citi’s Global Wealth Centre.
Hong Kong stored value transactions up 4.6% in Q2
A total of 2 billion transactions were made between April to June 2024.
Bank of Singapore flags fraudulent app
It has reported the matter to the Hong Kong police.
Hang Seng Bank reduces lending rate, deposit rates
Its prime lending rate and deposit rates are now 25 basis points lower.
ZA Bank cuts installment loan interest rate
Applicants get a cash reward of up to $188.6 until 30 September.
BEA lowers HK dollar savings rate, prime rate
The new rates come into effect on 20 September 2024.
DBS Hong Kong launches all-in-one sales management platform
Business accounts can be opened as fast as 1 working day.
Hong Kong, Macau establish direct link for bond clearing and settlement
Investors in Macao and Hong Kong will benefit from the arrangement.
SCB taps Baker & McKenzie for inheritance asset legal support
The partnership aims to provide clients with legal and tax advisory services.
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