Hong Kong

Hong Kong’s consumer credit demand rebounds in Q1

Mortgages and credit card demand rose, whilst unsecured credit hit a historical low.

Why the hybrid work model is here to stay for banks

Banks stand to lose on cost savings and even on attracting talent if they stubbornly push for the return of pre-pandemic work set-up.

Balancing regulatory drivers and customer experience in financial institutions

The event will bring together experts from LexisNexis Risk Solutions and the city’s leading financial players.

Hong Kong’s Airstar Bank pilots corporate banking services for SMEs

The pilot trial is open to 100 small and medium enterprises.

Chart of the Week: Hong Kong card payments value to grow 4.4% in 2021

This comes after two years of decelerating growth due to trade tensions, protests, and the pandemic.

Citi APAC rolls out gender diversity program for investment, securities arm

The program’s 50 top candidates will have the chance to be recruited by the bank.

Airstar Bank launches 24-hour FX trading service

Customers who complete FX transactions worth HK$50,000 in total until 31 May will receive an HK$100 rebate.

HSBC stokes discontent amongst senior staff with pivot to Asia: report

Senior bankers reportedly expect friction with the regional chief, sources said.

Citi appoints co-heads of Citi Global Wealth in APAC

The bank saw record net new money inflows of $20b in the region last year.

Standard Chartered unveils K11 Atelier Priority Private Centre in Hong Kong

It aims to address the specific needs of affluent clients with HK$8m in AUM.

Citi appoints Kartik Mani as the Head of Consumer Banking in Asia

He replaces Gonzalo Luchetti, who is the new head of consumer banking in the US.

Citi Hong Kong installs 360 solar panels on Citi Tower

In 2020, the bank reached its goal to source 100% renewable energy to power local operations.

HSBC floats plan to phase out coal financing by 2040: report

The bank caved to investor pressure that called for the reduction of loans, underwriting services to fossil fuel companies.