Hong Kong
HKMA reprimands TNG Asia for inadequate compliance systems
The HKMA has reprimanded and ordered TNG to pay a pecuniary penalty of HK$1.6m for contravening section 8Q of the PSSVFO.
HKMA reprimands TNG Asia for inadequate compliance systems
The HKMA has reprimanded and ordered TNG to pay a pecuniary penalty of HK$1.6m for contravening section 8Q of the PSSVFO.
ZA Bank’s Global Transfer service helps save HK$4m in transfer fees
Over 90% of the international money transfers are completed within a day’s time.
The Bank of East Asia builds data lakehouse for predicting trends, better CX
BEA will deploy a range of data analytics solutions from Google Cloud.
Bank of China HK uses e-CNY for $5.1m cross-boundary settlement
It's a stepping stone towards the normalization of e-CNY use amongst BOCHK's corporate customers.
Hang Seng Bank’s prime lending rate remains 5.875% per annum
Its deposit savings rate also remains unchanged.
JPMorgan Chase eyes outsourcing Hong Kong, Taiwan custody business
The bank is reportedly in the process of selecting another bank to take over operations.
Hong Kong publishes revised code of banking practice
Institutions are expected to achieve full compliance within 6 months.
Hong Kongers used credit cards more on average in Q3: study
Card origination volumes contracted, but average card limits are higher.
ING coordinates US$260m sustainability-linked loan for HK’s Hop Lun
Hop Lun designs and manufactures products for more than 200 brands.
Hang Seng Bank warns of phishing SMS messages, fake WhatsApp accounts
These phishing SMS and fake accounts prompt users to provide their banking info.
Tap & Go joins Hong Kong-Thailand cross border retail payment service
Hong Kong Tap & Go customers can now pay in Thailand locally with just their app.
Crypto-focused SEBA Bank rebrands to AMINA Bank
It recently clinched a license to offer regulated services in Hong Kong.
OCBC Hong Kong names Wang Ke as new CEO
The current CEO, Ivy Au-Yeung, will retire on 31 December.
Hang Seng Bank warns customers of fraudulent Facebook accounts, links, and websites
Customers are advised to report any suspicious emails, messages, accounts, or websites claiming to be Hang Seng Bank.
Hong Kong’s ZA Bank to roll out US stock trading services
The Hong Kong SFC has lifted previous conditions to the bank's securities license.
Hong Kong lending market rebounds, but bad loans also rise: study
Customers seem to be choosing banks over money lenders.
Visa launches updated security roadmap for Hong Kong
Amongst initiatives include reduction of SMS OTP reliance and adoption of tokenisation.
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1. Zed challenges banking norms with no interest, forward-looking credit card 2. HK-based fintech KPay expands operations to Singapore 3. Citi names Amit Dhawan as head of CCB Singapore 4. Hang Seng Bank warns against phishing email 5. StanChart joins Visa’s B2B Connect to enhance cross-border paymentsResource Center
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HSBC Hong Kong shines at ABF Retail Banking Awards
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The bank has been a digital and transformation pioneer in the industry.
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1. Zed challenges banking norms with no interest, forward-looking credit card 2. HK-based fintech KPay expands operations to Singapore 3. Citi names Amit Dhawan as head of CCB Singapore 4. Hang Seng Bank warns against phishing email 5. StanChart joins Visa’s B2B Connect to enhance cross-border paymentsAwards
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