Hong Kong
Hang Seng names new head of commercial banking
She will take over Donald Lam beginning 14 October.
‘Optimism’ drives credit activity growth in Hong Kong
Hong Kongers are more optimistic about their household finances for the next 12 months.
HSBC raises rates on new Hong Kong mortgages to 4.125%: report
The raise will come into effect on 18 September.
Standard Chartered HK to maintain good loan quality, profitability
The non-performing loan (NPL) ratio will likely increase as well, however.
Foreign currency deposits push Hong Kong deposits to a 1.2% rise in July
Hong Kong dollar deposits dipped, whilst foreign deposits rose.
Hong Kong has issued US$22b in green bonds: report
Proceeds for the bonds have been allocated or earmarked for green projects.
Hong Kong’s mortgage loans drop 18.2% in July: HKMA
Applications also fell to 8,086.
CITIC Limited reports $4.4b profit in H1
An EPS of RMB1.10 has been announced.
Hong Kong’s business scholars target top finance employers for work-life balance
Educators at business schools confirm that students’ career priorities have shifted.
Statrys receives accolade at ABF Retail Banking Awards for comprehensive payment solution
It offers a wide range of services and boasts competitive exchange rates for FX services.
High interest rates stall foreign property deals in Hong Kong
Bank mortgage rates for commercial properties in the city can be as high as 6%.
Bank of East Asia’s profits up 75.8% to HK$2.63b in H1
Higher interest rates pushed up profits, but non-interest income fell.
1 in 4 Hong Kong consumers eyes getting a loan with fintechs, neobanks
Although traditional banks remain the preferred choice, 1 in 5 are ready to jump ship to another provider.
DBS Hong Kong finalises HK$800m green loan with HSH
KPIs set include reduction in carbon intensity, increase in waste diversion rate, amongst others.
Bank of East Asia extends hours of Shenzhen Futian Port sub-branch
It is now open on Saturdays from 10 AM to 5PM.
HSBC unveils ETF platform solutions
The bank has collaborated with Calastone to develop an ETF order management system.
Hang Seng Bank warns of phishing emails, fake website
The bank reminded customers that it will never ask them to log in through embedded links.
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HSBC Hong Kong shines at ABF Retail Banking Awards
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1. Zed challenges banking norms with no interest, forward-looking credit card 2. HK-based fintech KPay expands operations to Singapore 3. Citi names Amit Dhawan as head of CCB Singapore 4. StanChart joins Visa’s B2B Connect to enhance cross-border payments 5. Hang Seng Bank warns against phishing emailAwards
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