Hong Kong
Standard Chartered Hong Kong appoints Lay Choo Ong as head of retail banking
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.
Regulations to quell slight uptick in Hong Kong banks' credit losses
Credit losses will notably decline in 2021.
HSBC's Q1 profit halved to $3.2b
Weakening oil prices hurt the bank.
HSBC axes top managerial posts in investment bank
Last month, the bank announced a temporary hold in redundancies.
Citibank Hong Kong launches special personal loan
Clients can apply for loans up to $30,000.
A third of Hong Kong adults to have digital bank accounts in 2025: study
Currently, only 16% or 999,000 people own one.
Citi rolls out relief measures for APAC customers
The bank is offering waivers for credit card clients and commercial clients.
MUFG names new head of transaction banking for East Asia
Belinda Han previously worked for Standard Chartered Hong Kong and HSBC China.
HSBC shareholders mull action after dividend payout scrapped
British regulators earlier told the bank to preserve capital as buffers.
Bank of China HK's NIM contracts despite cross-border growth
The bank will likely focus on loan mix and deposit adjustment to reduce impact.
Hong Kong banks' asset quality battered by COVID-19 and protests
Exodus of corporate clients, mortgage risks, and dropping credit card use pose a big threat on revenues.
MUFG Bank names Pierre Ferland as co-head of global markets for Asia
He was the former CEO of MUFG Securities Asia.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
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Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?