Hong Kong
Xiaomi and AMTD-backed neobank Airstar starts pilot service
Xiaomi and AMTD-backed neobank Airstar starts pilot service
It will on-board 2,000 customers from acquaintances and families of staff.
Hong Kong's first virtual bank starts operations
The firm is offering a savings rate of 1% for deposits up to $500,000.
Volatile market tests Hong Kong banks' buffers
Local lenders face losses as stock markets globally fall to bear market.
HSBC names Noel Quinn as CEO
He had been serving as interim chief since August 2019.
HKMA cuts base rate to 0.86%
It had already slashed the rate to 1.5% earlier this month.
Hang Seng Bank to reopen nine branches
Three in Hong Kong Island, three in Kowloon, and three in New Territories.
Citigroup names Loretta Ko as Hong Kong financial institutions head
She was formerly with Banco Santander where she held the same position.
StanChart consortium unveils Hong Kong virtual bank Mox
It will launch Asia’s first numberless bank card when it launches later this year.
Bank of East Asia to review its portfolio
Profits were nearly halved in Q4 2019 due to impairment losses from mainland China.
StanChart's earnings recovery to be delayed by COVID-19: S&P
The group’s target 10% RoTE will likely be delayed beyond 2021.
J.P. Morgan names Filippo Gori as APAC chief
He will replace Nicolas Aguzin.
Check out Hong Kong's top fintech deals from 2015-2019
Online brokerage firm Futu Holdings raised $145.5m, the largest deal since 2015.
HSBC targets overseas-minded customers with $1.4t wealth unit
They plan to focus on mortgages, wealth and insurance products, and unsecured lending.
Hong Kong records $2.92b in fintech investments for 2019
WeLab $1.21b funding round was the largest fintech deal for the year.
Data and automation will help Hong Kong banks survive until the next decade
Emerging technology and customer data will help banks weather low interest rates and new competition.
Bank of East Asia's profit plunges 49.9% to $411m in 2019
The decline was attributed to an increase in impairment losses in Mainland China.
HSBC staff have qualms over bank's revamp
The bank’s commitment to the overhaul was questioned due to Quinn’s interim status.
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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?