Hong Kong
HSBC’s profits after tax dip 2% to $17.7b in H1
The bank recognized a $1.2b impairment for the sale of its Argentina business.
HSBC’s profits after tax dip 2% to $17.7b in H1
The bank recognized a $1.2b impairment for the sale of its Argentina business.
BOCHK to conduct system maintenance on 4 August
Some services will be unavailable until 12NN.
Eddie Yue reappointed chief exec of Hong Kong central bank
His annual fixed pay is $7.4m for the five-year term.
CashOn launches digital currency lending matching platform in Hong Kong
CashOn connects customers to licensed financial institutions.
KPay merchants can now accept payments from HSBC’s PayMe app
Over 33,000 merchants in KPay’s Hong Kong network can now accept PayMe payments.
ZA Bank rolls out reserve banking services to stablecoin issuers
It has on boarded RD InnoTech and is onboarding 10 other issuers.
Standard Chartered bolsters private banking team in Hong Kong
Two managing directors and three executive directors are joining the team.
Hong Kong’s ZA Bank welcomes planned stablecoin regulatory regime
The bank surpassed $1b in transfer turnover from Web3 clients in 2023.
Hong Kong process with plan to regulate stablecoin issuers
It has published a consultation paper based on 108 submissions.
Citi Hong Kong unveils IADS-powered Wealth 360
Customers can view their deposit accounts across different bank in one place.
DBS Hong Kong has sufficient buffers for property downsides
The bank is expected to maintain strong capitalisation and profitability.
Siam Commercial Bank names new wealth management head
He is tasked with driving SCB’s goal to be the #1 digital bank in WM.
Hong Kong Mortgage Corp names Colin Pou as new CEO
Pou, who is an executive director at HKMA, will be seconded to HKMC.
ZA Bank unveils payroll service with limited-time coupon
With the coupon, users can earn HK$1,775 in interest for a 90-day period.
China CITIC Bank warns against fraudulent website and emails
It has reported the matter to authorities in Hong Kong.
DBS HK fined US$1.28m for anti-money laundering, review lapses
The bank failed to conduct due diligence in ‘high risk situations’ from 2012 and 2019.
Hang Seng Bank sets benchmark in digital currency innovation with top honours at ABF Fintech Awards 2024
The Bank receives Digital Currency Award for its role as a leading advocate of central bank digital currency, through a hypothetical e-HKD-based e-Wallet prototype and demonstration of associated use cases.
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1. OCBC taps Citi alt chief executive to lead Hong Kong consumer and wealth businesses 2. DBS, UnionPay launch multi-currency debit card 3. Morgan Stanley opens Southeast Asia headquarters in Singapore 4. Southeast Asia’s digital banks – the road from good to great 5. Maybank rolls out green financial advisory service to SEA SMEsResource Center
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