Hong Kong
More Gen Z Hong Kongers taking up revolving line accounts
More Gen Z Hong Kongers taking up revolving line accounts
New accounts granted to them more than doubled.
Bank of Singapore names new head of Hong Kong’s investment solutions group
Joey Tang worked in the Bank of China (Hong Kong) and Citi prior to joining BOS.
Hong Kong’s uFinance offers student loans to college students
They can borrow up to $21,050 per semester, at an interest rate of 6%.
PAObank secures insurance agency licence
It also inked a deal with China Ping An Insurance and FWD Hong Kong.
Prudential, StanChart cement 25 years of bancassurance tie-up
They have the longest-running bancassurance partnership in Singapore and Asia.
Wise unveils international business payment account in Hong Kong
It has no minimum balance requirement and no monthly subscription fees.
Endowus revamps HK advisory and investment leadership
Four new key appointments have been made.
China CITIC Bank and HKA launch travel card
Cardholders can earn up to 26,000 points when spending HK$25,000 within the first 5 months of issuance.
Hang Seng Bank executes pilot trades under RMB Trade Financing Liquidity Facility
It is one of the first banks to participate in the facility.
Hang Seng Bank welcomes HK budget initiatives
Meanwhile, HSBC’s CIO expects AI to benefit from the announced plans.
Thai banks told to use dynamic pricing
They are struggling because their pricing strategy is not transparent and too reactive.
HK’s card payment market to grow 11% in 2025
Credit cards accounted for 77.7% of the overall card payment value in 2024.
BEA’s profits up 11.9% to $591.9m in 2024
Operating profit before impairment losses is up 3%.
HSBC’s profits rise in FY2024; total dividend is $0.87
The fourth interim dividend is $0.36 per share.
Endowus launches US dollar time deposit service in Hong Kong
Minimum service is US$10,000, and rates are updated daily.
Hang Seng Bank profits up 3% to HK$18.38b in 2024
Earnings per share is HK$9.33; whilst total dividend is HK$6.8.
HSBC sells Bahrain retail banking business
It expects to complete the transaction in Q4 2025.
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Electronic trading proves its strength in times of volatility