Hong Kong
Hong Kong banks ramped up hiring but investment bankers laid off
Trade and private bankers are most in demand, although banks are cautious.
Hong Kong banks ramped up hiring but investment bankers laid off
Trade and private bankers are most in demand, although banks are cautious.
Hong Kong banks face mixed outlook with expected rate cuts in 2024
Credit risk management will be a key concern for banks amidst fluctuating interest rates.
Endowus Private Wealth offers HK investors access to 400 fund strategies
Over 400 fund strategies are made available to Endowus clients.
Mortgage applications in HK fall 16.1% in May
However, the value of mortgages approved rose by 8.8%, according to official data.
Total deposits in Hong Kong up 1.1% in May
Loans registered a decline, however, according to central bank data.
Dah Sing Bank unveils multi-currency debit card
It covers 11 currencies and has no annual fee.
Property and transport loans drag down Public Bank HK’s profits
Minibus and taxi licenses made up over 40% of PBHK’s loans.
Citi names HSBC banker as head of corporate banking in Hong Kong
Matthew Hung is head of corporate coverage for HSBC’s operations in the city.
Hong Kong sees 9.1% uptick in credit card spending in Q1
There were fewer transactions, but the value went up.
Hong Kong banks’ composite interest rate falls 4bp to 2.61% in May
This was due to a decrease in weighted funding cost for deposits during the month.
Hong Kong’s ZA Bank unveils stock rebate programme
Users can also collect a big-name US stock worth up to $77.77.
DBS Hong Kong names Ed Lam as board member
Lam is the CEO of LFX Limited.
ZA Bank’s Devon Sin on why Web3 is key to HK’s growth
The bank has expanded services to cater to stablecoin issuers and Web3 companies.
KPay’s unified payment solutions platform propels SME growth
After expanding into Singapore, KPay aims to dominate APAC and serve over 1 million merchants.
Hong Kong mortgage loans drawdown rises by 9.9%
This was translated to $1.69b in loans.
Citi meets wealth needs with launch of exclusive debit card
The card’s daily spending limit can be as high as HK$300,000.
HKMA reports 2.2% rise in total bank deposits
Total remittance of RMB for cross-border trade settlement saw $176b.
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