Hong Kong

Hong Kong’s ZA Bank to roll out US stock trading services

The Hong Kong SFC has lifted previous conditions to the bank's securities license.

Hong Kong lending market rebounds, but bad loans also rise: study

Customers seem to be choosing banks over money lenders.

Visa launches updated security roadmap for Hong Kong

Amongst initiatives include reduction of SMS OTP reliance and adoption of tokenisation.

BOCHK net income up 20.8% to US$6.21b in 9M 2023

Net interest margin rose 36 basis points during the first nine months of 2023.

No changes to Hang Seng Bank’s HKD prime lending rate

Its HKD savings deposit rates also remain unchanged.

Bank of China Hong Kong keeps HKD prime rate, deposit rate steady

Savings accounts with over HK$1m will enjoy a 0.001% pa additional bonus rate.

Bank of China Hong Kong expanding e-HKD prepaid pilot to 50 products

It is now inviting customers to participate in the pilot.

1 in 2 Hongkongers hold ‘favorable’ views of virtual-only banks: study

45% have neobank accounts, and another 30% looks to sign-up over the next 3 months.

BOCHK warns customers of two fraudulent websites

Customers who used these sites are strongly urged to contact BOCHK immediately.

Bank of East Asia’s Mongkok Branch to operate on weekends

It will be open from 1PM to 5PM on Saturdays and Sundays until 31 December.

Bank of China Hong Kong kicks off pilot for e-HKD use for prepaid services

BOCHK hopes to create a new business model for retail SMEs.

Total loans in Hong Kong down 1.7% in August

Total deposits rose by 0.6% during the month, however.

Refinancing loans drive up mortgages by 26.9% in August

Mortgages for financing new homes or primary market transactions fell 19.8%.

Hong Kong warns of fraudulent phone calls posting as central bank staff

The fraudsters would request banking details in the guise of canceling a fake membership.

Bank of East Asia redesigns Mongkok branch

The bank has created a digital zone at the ground floor.

Hong Kong’s Mox unveils unlimited cashback rewards, new wealth platform

The virtual-only bank is also gearing up to launch a new app interface.