Hong Kong

Wise unveils international business payment account in Hong Kong

It has no minimum balance requirement and no monthly subscription fees.

China CITIC Bank and HKA launch travel card

Cardholders can earn up to 26,000 points when spending HK$25,000 within the first 5 months of issuance.

Hang Seng Bank welcomes HK budget initiatives

Meanwhile, HSBC’s CIO expects AI to benefit from the announced plans.

Thai banks told to use dynamic pricing

They are struggling because their pricing strategy is not transparent and too reactive.

HK’s card payment market to grow 11% in 2025

Credit cards accounted for 77.7% of the overall card payment value in 2024.

BEA’s profits up 11.9% to $591.9m in 2024

Operating profit before impairment losses is up 3%.

HSBC’s profits rise in FY2024; total dividend is $0.87

The fourth interim dividend is $0.36 per share.

Endowus launches US dollar time deposit service in Hong Kong

Minimum service is US$10,000, and rates are updated daily.

Hang Seng Bank profits up 3% to HK$18.38b in 2024

Earnings per share is HK$9.33; whilst total dividend is HK$6.8.

HSBC sells Bahrain retail banking business

It expects to complete the transaction in Q4 2025.

Hang Seng enhances dementia-friendly services in branches

Each of its branches now has a trained dementia-friendly ambassador.

StanChart HK enters JV to develop HKD-backed stablecoin

It is working with telecom company HKT and game software company Animoca Brands.

Fintech Aspire, Visa launch corporate card for Hong Kong’s SMBs

Globally, 4 in 5 small and medium businesses are looking to sell overseas.