Hong Kong
Bank of East Asia posts 53.2% profit jump to HK$1.5b
Bank of East Asia posts 53.2% profit jump to HK$1.5b
Lower impairment losses in Mainland China caused the surge.
Mastercard Business extends freebies to Hong Kong cardholders
Clients are eligible for up to 30% discounts on select digital tools and services.
The Bank of East Asia, Ltd. hailed at the ABF Awards
The bank was recognised for their all-round achievements in full-year results, client segment growth, digital development, and their strategic alliance.
HSBC extends PayMe solution to convenience store chain Circle K
PayMe has also launched a new QR feature for payments.
InvestHK floats fast-track fintech programme
Up to 90 firms could get funding and partnership opportunities with large corporates and investors.
Hong Kong banks move to avoid US sanctions
At least one US bank has suspended accounts linked to affected officials.
Hong Kong show growing preference for professional financial advice
But family remains the top source of advice amongst wealthy residents.
Hong Kong regulators pacify fears after US sanctions
"Unilateral sactions" has no legal status in the city, the HKMA said.
Standard Chartered Bank - Hong Kong wins 2 accolades at the ABF Awards
The bank was recognised for their digital innovations, significant income growth, and enhanced customer satisfaction.
Digital bank WeLab Bank launches in Hong Kong
Clients can open an account in five minutes.
HSBC's H1 profit plunges 69% to $3.1b
Rising expected credit losses and lower revenue contributed to the fall.
Credit Suisse's APAC business reports highest level of credit provisions
The lender is bracing for losses linked to Luckin Coffee.
Virtual banking knowledge remains moderate amongst Hong Kong customers
Neobanks are advised to partner with mobile wallets and offer credit cards to boost adoption.
Meet ZA Bank, Hong Kong's first virtual-only lender
The bank’s slogan of co-creation belies a strong charm offensive of attractive deposit rates.
Deutsche Bank partners with fintech Airwallex for cross-border payments service
Merchants using Airwallex do not need to open bank accounts to collect payments.
Tokyo, Sydney, aim to lure financial firms from Hong Kong
But Singapore remains the top draw due to its favorable environment and standing.
Citi, CSOP Asset Management to launch new L&I products
The bank will also provide custody, fund administration and trustee services.
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