Hong Kong
China CITIC Bank Int’l adjusts down HKD prime rate to 5.375%
China CITIC Bank Int’l adjusts down HKD prime rate to 5.375%
This is 12.5 basis points lower than the previous 5.5% rate.
ZA Bank surpasses 1 million customers
The Hong Kong-based digital bank saw deposits and card transactions rise in H1.
Chart of the Week: Hong Kong card payments to hit $233.5b by 2029
Growing preference for contactless payments will lift the value up.
Hong Kong’s credit card transaction value decline in Q2
This is despite the volume of transactions rising during the quarter.
ZA Bank backs Hong Kong policies on AI and tokenisation
The Policy Address also introduced support for SMEs.
Hong Kong eases info-sharing in banks’ anti-fraud push
The changes let banks share more information without fear of liability.
Hang Seng Bank backs policy measures to bolster markets, finance
Chief exec Diana Cesar said that they will continue to work closely with Hong Kong authorities.
Hong Kong's banks encouraged to explore tokenised deposits and assets
Authorities are expected to work together to regularise the issuance of tokenised bonds.
Hong Kong’s PAObank to offer free travel insurance to new customers
New customers must use the referral code "PAOBPR" to avail of the insurance.
HK, China sign MoU on infrastructure financing, securitisation
The two will explore Renminbi opportunities for infrastructure loan securitisation.
Cambodia's Canadia Bank expands to Hong Kong
The group has a total asset of $116.7b (US$15b) and a total of 17,500 employees.
Hong Kong banks lift H1 profits on non-interest income growth
The four banks’ net interest margins are expected to improve in H2 2025.
Hong Kong opens consultation on phase 2 of green finance taxonomy
It added 13 new economic activities and expanded sector coverage.
Hong Kong banks may boost tax loan campaigns as Fed rate cut looms
Demand for debt consolidation may also rise.
Hang Seng Bank appoints HSBC’s Luanne Lim as new chief executive
Diana Cesar will return to HSBC as vice chairman, Hong Kong.
Citi named primary liquidity provider in RMB repo scheme
It is currently the only American bank of the 11 dealers in the scheme, the bank said.
Most HNWIs prefer hybrid model in wealth services: survey
Nearly 40% said they are interested in attending physical investment seminars.
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