Hong Kong
Hang Seng Bank maintains HKD lending and savings rate
The lending rate is still 5.875% per annum.
Hang Seng Bank floats Q1 dividend of HK$1.2 per share
The payment date is set for 6 June.
HSBC’s profit dips to $12.7b in Q1; special dividend after Canada sale
A first interim dividend of $0.1 per share has been approved by the board.
Alipay+ enables 14 foreign e-wallets to pay in Hong Kong
About 90% of HK merchants now accept payments using foreign e-wallets.
Manulife, Standard Chartered expand 2016 ties
Manulife will gain access to the bank’s clientele.
Hong Kong SME’s funding gap at $21.7b
About 1 in 3 small businesses who need money choose not to get a loan.
Deutsche Bank cuts 10 private banking roles in Asia: report
The bank has cut about 60 roles in Singapore and Hong Kong over the past year.
Hong Kong’s Mox Bank one of fastest growing digital banks worldwide
Mox has the 7th largest credit card book in the city and has 550,000 customers.
1 in 2 Hong Kong adults trying to break free from parents’ bad money habits
Adults have the tendency to mirror their parents’ money habits, both good and bad.
4 in 10 Hong Kongers use alternative payments for online purchases
Online payment modes and payment cards are most preferred by Hong Kong shoppers.
Hong Kong investment bankers risk losing jobs as banks cut costs: report
About 200 bankers in the city have reportedly lost their jobs in the past year.
Hang Seng Bank warns against phishing email
The emails lead to a fraudulent website that may request their bank or card information.
Hong Kong launches new credit reference operating model
Credit Data Smart will guide the collection of credit as future reference to loan providers.
Endowus launches full-service digital wealth platform in Hong Kong
It is also launching its flagship portfolios in May 2024.
ZA Bank unveils business loan for Global Payments merchants
The virtual bank examines credit health based on business activities, amongst others.
BOCHK warns against phishing website
The fake login page intends to steal customers’ data, BOCHK said.
AMINA onboards clients for crypto financial services
Its initial product offering includes crypto ETPs, dual currency notes, and capital-protected notes.
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1. OCBC taps Citi alt chief executive to lead Hong Kong consumer and wealth businesses 2. DBS, UnionPay launch multi-currency debit card 3. Morgan Stanley opens Southeast Asia headquarters in Singapore 4. Southeast Asia’s digital banks – the road from good to great 5. Maybank rolls out green financial advisory service to SEA SMEsResource Center
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