Hong Kong
Stable profits buoys Public Bank HK’s resilient credit profile
Stable profits buoys Public Bank HK’s resilient credit profile
However, higher funding and credit costs will weigh down on profitability.
Bank of East Asia extends weekend business hours in three branches
They will be open from 1PM to 5PM until 9 July 2023.
No changes to Hang Seng Bank's HKD dollar prime, savings deposit rates
Savings accounts with a total relationship balance of HK$1m or above will enjoy a bonus interest of 0.001% per annum.
Dah Sing Bank shows solid capitalisation, funding and liquidity: Moody’s
The bank has a stable outlook due to its capability to maintain strong credit profiles, including solid capitalisation, funding, and liquidity.
Citi to provide custody and fund services to Fubon’s latest Hong Kong ETF
The bank works with over 40 ETF issuers covering 500 ETFs in APAC.
Bank of China HK’s HKD prime rate, savings deposit rate unchanged
Savings accounts with HK$1m will enjoy a bonus rate of 0.001% per annum.
BNY Mellon names Hong Kong chief executive
Francis Giglio will sit in place and his designation is effective immediately.
livi bank, FWD General Insurance launch pet care insurance
Survey shows that 77% of pet owners have not purchased any pet insurance.
Bank of China Int'l Holdings issues first tokenised notes in Hong Kong
The product was derived from UBS, to which it marketed to its APAC clients.
Hang Seng Bank to launch RMB counter on 19 June
The bank’s shares will be designated as dual counter securities by the stock exchange.
Citi unveils automated settlement solution in Hong Kong
This connects to Hong Kong's central clearing and settlement system.
HSBC, FreightAmigo launch Ship Now, Pay Later in Hong Kong
Users will be able to utilise the digital logistics platform and choose extended payment terms.
PAOB launches Business Revolving Loan in expanded eftPay collaboration
It offers a maximum credit limit of up to HK$300,000.
Shareholder support key for Hong Kong virtual banks to weather failure risks
Six out of the eight virtual banks in the city reported narrower losses in 2022.
BOCHK warns customers against phishing messages, fake app
The case has been reported to the HKMA and the police.
Hong Kong’s livi bank launches game-changing app for SMEs
Going fully digital on opening accounts and approving quick loans to SMEs raises ‘livi Business’ disbursements to over HK$70m (US$8.9m) as of end-April.
Hong Kong mortgage loans down 21.2% in April
The number of mortgage applications also dropped by 27.6% to 8,368 applications.
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