Hong Kong

HSBC Hong Kong’s real estate risks to persist through 2025

The bank should see good profitability, strong capitalization, and adequate liquidity, however.

UOB, SGE ink MoU to deepen gold market cooperation

UOB is the only bank providing gold products in Singapore.

Hong Kong lenders chase after small-ticket loans, maintain tight standards

They’ve embedded services in digital wallets to increase to get more customers.

Hong Kong central bank welcomes complete migration to Credit Data Smart

Banks and lenders now operate under a multiple credit reference agencies model.

Hong Kong’s ZA Bank offers crypto trading services to retail users

Global crypto market capitalization has surged 90% to over US$2.3t.

OCBC taps Citi alt chief executive to lead Hong Kong consumer and wealth businesses

Josephine Lee had served as wealth head for retail banking in Citi Hong Kong.

BOCHK warns against phishing websites

The websites  have bill settlement pages with links that intend to steal customers' data.

Nanyang Commercial Bank needs more loss provisions to resolve property woes

The bank is expected to face profitability and asset quality challenges through 2025.

Hong Kong credit card receivables down 0.6% in Q3

The delinquent and rescheduled ratio was 0.4% in end-September.

Enhanced SME Financing Guarantee Scheme officially in effect

The enhancements aim to alleviate repayment pressures for SMEs seeking loans.

ICBC Asia net profit rise 9.58% to $547.2m in H1

Non-interest income rose by 67.01%, although fee and commissions declined.

HKMA and partners inject US$500m for sustainable finance investments in Asia

The partners will focus on renewable energy infrastructure, energy solutions, and sustainable transportation.

AlixPartner names Una Ge as new HK partner and managing director

She was previously a partner at Deloitte China, focusing on cross-border restructuring.

Hong Kong’s digital banks play crucial role in developing the fintech ecosystem

Public acceptance of digital banks is increasing in the city.

The Access Bank UK Limited officially opens Hong Kong branch

It will focus on international trade and commercial banking.

BOCHK reports 6.1% higher net operating profit for Q3

There were reportedly more business opportunities as tourism recovered.