Hong Kong
BOCHK net income up 20.8% to US$6.21b in 9M 2023
Net interest margin rose 36 basis points during the first nine months of 2023.
BOCHK net income up 20.8% to US$6.21b in 9M 2023
Net interest margin rose 36 basis points during the first nine months of 2023.
No changes to Hang Seng Bank’s HKD prime lending rate
Its HKD savings deposit rates also remain unchanged.
Bank of China Hong Kong keeps HKD prime rate, deposit rate steady
Savings accounts with over HK$1m will enjoy a 0.001% pa additional bonus rate.
Bank of China Hong Kong expanding e-HKD prepaid pilot to 50 products
It is now inviting customers to participate in the pilot.
1 in 2 Hongkongers hold ‘favorable’ views of virtual-only banks: study
45% have neobank accounts, and another 30% looks to sign-up over the next 3 months.
BOCHK warns customers of two fraudulent websites
Customers who used these sites are strongly urged to contact BOCHK immediately.
Bank of East Asia’s Mongkok Branch to operate on weekends
It will be open from 1PM to 5PM on Saturdays and Sundays until 31 December.
Bank of China Hong Kong kicks off pilot for e-HKD use for prepaid services
BOCHK hopes to create a new business model for retail SMEs.
Total loans in Hong Kong down 1.7% in August
Total deposits rose by 0.6% during the month, however.
Refinancing loans drive up mortgages by 26.9% in August
Mortgages for financing new homes or primary market transactions fell 19.8%.
Hong Kong warns of fraudulent phone calls posting as central bank staff
The fraudsters would request banking details in the guise of canceling a fake membership.
Bank of East Asia redesigns Mongkok branch
The bank has created a digital zone at the ground floor.
Hong Kong’s Mox unveils unlimited cashback rewards, new wealth platform
The virtual-only bank is also gearing up to launch a new app interface.
BOCHK Hong Kong dollar interest rates stay the same
Savings accounts with a daily account balance over HK$1m will enjoy a bonus rate.
BOCHK warns of 9 fraudulent websites, phishing email
It has reported the case to local authorities.
HSBC taps 8 ex-Credit Suisse bankers for equities business: report
Appointments were for Hong Kong, London, New York, and Mumbai.
StanChart HK inks MOU to promote business, dev’t between HK and Dubai
This include promoting the growth of family offices, fintechs, and virtual asset industries.
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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.
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. Citi names Amit Dhawan as head of CCB Singapore 3. StanChart joins Visa’s B2B Connect to enhance cross-border payments 4. Hang Seng Bank warns against phishing email 5. Fintech Qashier clinches in-principle approval for a MPI license from MASAwards
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