Hong Kong

China's payment giants try to conquer Asia's banking scene

Alipay's aggresive Southeast Asian foray is making banks nervous.

China Everbright Bank taps on Alibaba's Ant Financial for fintech programme

The tech firm will help the bank develop cloud platforms and AI applications.

Hong Kong loses to Singapore in managing the assets of the world's wealthy

However, a growing preference of China’s HNWI for closer wealth managers is fast narrowing the gap.

Can Hong Kong steal the wealth manager crown from Switzerland?

The banking secrecy capital's dominance has been on a steady decline since 2010.

Fintech loan platform pushes to be Hong Kong's first licensed virtual bank

WeLab is backed by financial heavyweights like Alibaba and IFC.

Hang Seng Bank rolls out AI chatbot for business banking

The virtual assistant BERI will be available on the bank’s website and mobile app.

Hong Kong banks face heightened risks from close Chinese ties: Fitch

The credit rating agency noted that China's governance standards are lower than Hong Kong's.

Hong Kong banks authorised to apply fintech in credit assessment

Instead of collecting income proof, banks may use big data and other fintech.

Citi to link open API technology with five companies

The partnership would result in streamlined retail and insurance purchases.

Hong Kong loan growth extends climb after rising 15% in March

This represents the fourteenth consecutive month of double-digit annual growth.

Hong Kong amends bank disclosure rules to meet Basel III standards

It enhances transparency and comparability requirements.

Hong Kong loans up 3.6% in Q1 amidst intensified construction activities

On a monthly basis, loans for use also inched up 1.2% in March.

Hong Kong banks lift time-deposit rates amidst expected rate hikes

Standard Chartered and ICBC raised time-deposit rates to more than 2%.

Nearly 2 in 5 Hong Kongers open to sharing banking data with third parties

Almost 40% believe that open banking can provide them with better customer service.

BOCHK intensifies blockchain use across retail segment

The lender processes 85% of its mortgage-related property valuations on its digital ledger.

Hong Kong banks scrap fixed-rate mortgages as interbank lending rates surge

HSBC and BOC have stopped offering the popular loans whilst ICBC will stop on May 1.