Hong Kong
InvestHK floats fast-track fintech programme
InvestHK floats fast-track fintech programme
Up to 90 firms could get funding and partnership opportunities with large corporates and investors.
Hong Kong banks move to avoid US sanctions
At least one US bank has suspended accounts linked to affected officials.
Hong Kong show growing preference for professional financial advice
But family remains the top source of advice amongst wealthy residents.
Hong Kong regulators pacify fears after US sanctions
"Unilateral sactions" has no legal status in the city, the HKMA said.
Standard Chartered Bank - Hong Kong wins 2 accolades at the ABF Awards
The bank was recognised for their digital innovations, significant income growth, and enhanced customer satisfaction.
Digital bank WeLab Bank launches in Hong Kong
Clients can open an account in five minutes.
HSBC's H1 profit plunges 69% to $3.1b
Rising expected credit losses and lower revenue contributed to the fall.
Credit Suisse's APAC business reports highest level of credit provisions
The lender is bracing for losses linked to Luckin Coffee.
Virtual banking knowledge remains moderate amongst Hong Kong customers
Neobanks are advised to partner with mobile wallets and offer credit cards to boost adoption.
Meet ZA Bank, Hong Kong's first virtual-only lender
The bank’s slogan of co-creation belies a strong charm offensive of attractive deposit rates.
Deutsche Bank partners with fintech Airwallex for cross-border payments service
Merchants using Airwallex do not need to open bank accounts to collect payments.
Tokyo, Sydney, aim to lure financial firms from Hong Kong
But Singapore remains the top draw due to its favorable environment and standing.
Citi, CSOP Asset Management to launch new L&I products
The bank will also provide custody, fund administration and trustee services.
Citi Hong Kong deploys bots to enhance securities services
It will help reduce potential fail trades and buy-in costs early.
Ant Group has picked banks for $10b Hong Kong IPO: report
The company could seek a valuation of at least $200b, according to sources.
Hong Kong neobank WeLab Bank, Mastercard to launch numberless bank card
It will be available for use immediately after opening an account with the lender.
Hong Kong banks suspend return-to-office plans amidst new wave of infections
As many as 70% of Citigroup’s staff will be working from home.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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Why high capital levels are a double-edged sword for Singapore banks