Hong Kong
Hong Kong-based wealth clients probed for pro-democracy ties
Hong Kong-based wealth clients probed for pro-democracy ties
"Politically exposed persons" can have a hard time accessing banking services.
HSBC global equities chief exits amidst restructuring: report
The bank has been revamping its investment banking arm.
Banks push remote work for Hong Kong staff as COVID cases rise anew
City officials have detected 40 local cases on 14 July.
Bank of East Asia launches cross-boundary mortgage loan service
Hong Kong customers may apply for mortgage loan for properties within the GBA.
Greater Bay Area regulators float wealth management connect scheme
It allows residents to invest in wealth products offered by banks in the area.
Bank transfers, digital wallets spur Hong Kong's e-commerce market
The two methods are rising at CAGR of 12% and 11%, respectively.
HSBC resumes plan to axe 35,000 jobs: report
CEO Noel Quinn said that they will maintain a freeze on almost all external recruitment.
HKEX-listed Link REIT secures $130m sustainability-linked loan from OCBC
It is the REIT's first sustainability-linked loan transaction in the Hong Kong dollar.
HSBC rebuked by US state secretary for backing China security law
The lender, along with Standard Chartered, has already been chided in Britain.
Hong Kong residents dash for offshore accounts amidst China security law
HSBC and Standard Chartered have seen high surges in enquiries.
Hong Kong regulator launch job programme for local financial industry
It will offer 300 roles for students graduating in 2020 with a bachelor’s degree.
Standard Chartered Hong Kong appoints Lay Choo Ong as head of retail banking
Incumbent head Vicky Kong will take over as global head of wealth proposition.
Hong Kong finance firms lead in AI deployment
58% of financial firms in the city will utilise AI next year.
HSBC sees significant growth in new APAC wealth arm
Double-digit growth is on the horizon over the next three years.
Chart of the Week: COVID-19 to drive digital payments take-up in Hong Kong
E-payments firm Octopus said that mobile wallet usage rose 30% in February.
Asian bankers face ‘new normal' as they return to offices
Despite the measures, some have expressed relief at physically seeing their colleagues again.
Less than 20% of Hong Kong adults ‘understand' fintech apps: survey
The majority of the city use such apps for personal finance.
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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