Hong Kong
Hong Kong ends era of cheap money as banks hike prime rates
Hong Kong ends era of cheap money as banks hike prime rates
HSBC, Hang Seng Bank and Standard Chartered led the pack.
Hong Kong mulls remote bank account opening in Mainland China
Facial recognition technology and biometric methods may be used.
Hong Kong credit card transactions hit $137.3b in Q2
The number of credit cards in circulation hit 20.06 million.
Hong Kong digital banking startup Neat raised $2m to boost hiring
It aims to bolster onboarding for its mobile banking solution.
Hong Kong launches Faster Payment System in Smart Banking push
Consumers will soon be able to transfer funds instantly and without cost.
Citi appoints Gonzalo Luchetti as APAC and EMEA head of consumer banking
He is former retail banking head for APAC and EMEA since 2015.
Bank of East Asia steps up tech partnerships to capture Mainland market
The bank has already tied up with four tech companies.
Hang Seng Bank enhances capabilities of AI-powered chatbot
‘HARO’ can now help customers manage their personal finances.
HSBC moves to boost Asian private banking headcount and double client assets
Asia is the next big goldmine for the European lender.
China's ultra rich poised to boost Hong Kong wealth assets by 50% in 2023
HNWIs from the Mainland are edging out AuM from other APAC markets.
Hong Kong banks struggle to plug tech talent shortage
Engineers and developers are all in short supply.
Hang Seng Bank launches all-in-one payment collection service for merchants
Merchants may soon accept several payment methods through one integrated point-of-sale terminal.
Millennials drive Hong Kong's credit card growth as average balance hits $39,000 in Q2
They hold a fourth of the city’s total card balances.
Are Hong Kong lenders under threat as virtual banks zero in on their market?
The HKMA has received 29 applications in the first round of screening ending August 31.
What are the key risks to buoyant Hong Kong banks?
Intricate Mainland ties are both boon and bane.
Hong Kong bank lending slows to 9.5% in July amidst threats of higher borrowing costs
This represents the slowest pace of growth in over one and a half years.
Citi Hong Kong appoints Lawrence Lam as consumer banking manager
He was previously retail banking head.
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