Hong Kong
Hang Seng Bank launches all-in-one payment collection service for merchants
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.
Standard Chartered Hong Kong sets up new entity to support virtual bank ambitions
Deniz Güven has been appointed as its CEO.
Citi Hong Kong unveils senior appointments to consumer banking unit
The heads of insurance as well cards and unsecured business have been appointed.
Bank of East Asia's half-year profit surges 25.9% to $3.99b
Earnings were boosted by net fee and commission income growth.
Hong Kong central bank slaps $5m fine on Shanghai Commercial Bank over money laundering breaches
SCOM failed to monitor its relationship with 33 customers with suspicious transactions.
Can China's payment titans crack Hong Kong's mobile wallet market?
AlipayHK users have doubled to 1.5 million since March.
Bank of East Asia unveils centralised e-payment platform for merchants
BEA’s ‘i-Payment hub’ can process different payment types in a single device.
Hong Kong's sought-after bank relationship managers demand 30% wage hike
The Greater Bay Area project has fuelled demand for such candidates.
Homeowners to feel pinch as Hong Kong banks hike mortgage rates
BOC (Hong Kong), HSBC and Hang Seng Bank raised rates by 10bp.
Hong Kong banks' loan growth may slow to 5% in H2
Trade tensions and higher interest rates are to blame.
Hang Seng Bank profit surges 29% to $1.61b in H1
Earnings per share hit $6.62 per share.
Hong Kong trails behind Singapore in ease of bank account opening for non-locals
Startups, SMEs, and foreign nationals lament the inefficiency.
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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?