Hong Kong
HK’s young affluent families eye HK$18m in savings, but lack plans
HK’s young affluent families eye HK$18m in savings, but lack plans
Only a third of respondents have financial strategies to meet their needs.
Hong Kong green financing steering group unveils 2025 priorities
The group group is led by the HKMA and the SFC.
ZA Bank partners with TransUnion to offer credit alert service for free
It notifies of new credit accounts opened under their name, amongst others.
HSBC, Delta Capita collaborate on post-trade services
Delta Capita established operational hubs in Kuala Lumpur and Manila.
New Policy Pulse details efforts to achieve HK’s financial hub status
It provides an overview of the developments and achievements of HK’s financial services in recent years.
Hong Kong’s total loans down 2.8% in 2024
Loans for use outside Hong Kong dropped by 1.3% in December.
Home loans in negative equity dropped to $25.03b in Dec 2024
The number of cases fell, but the three-month delinquency ratio rose.
Hong Kong’s total deposits up 7.1% in 2024
Renminbi deposits fell, whilst RMB remittance rose in December.
Hong Kong banks to focus on resilience, costs in 2025: KPMG
Interest rate reductions are likely to be slower.
Hang Seng Bank fined HK$66.4m for overcharging, sales misconduct
It reportedly received HK$22.4m in excess benefits and fees, the HKMA and SFC said.
Alipay, Macau Pass expand partnership for Lunar New Year
Macao Government Tourism Office estimates an average of 185,000 daily visitors.
Aluminum Corporation of China enters Hang Seng, CSI index
This brings the total number of constituent companies to 50.
WeChat Pay HK extends services to small merchants in Mainland
The system automatically converts Renminbi payments to Hong Kong dollars.
Hong Kong fintech association unveils AI advisory council
It will serve as the industry voice to share best practices, amongst others.
Wise raises money transfer limits, lowers global average fee
Transfer limits to WeChat recipients is now at RMB50,000.
HKMA, AMCM unveil direct linkage for cross-border bond investment
This initiative aims to promote the development of bond markets in both regions.
Fusion Bank, WeBank ink commercial cooperation agreement
Fusion Bank can utilise WeBank’s digital banking tech.
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08
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The company was recognised for accelerating its growth and cementing leadership in wealth management.
