Hong Kong
Hang Seng Bank profits up 3% to HK$18.38b in 2024
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.
Hang Seng enhances dementia-friendly services in branches
Each of its branches now has a trained dementia-friendly ambassador.
StanChart HK enters JV to develop HKD-backed stablecoin
It is working with telecom company HKT and game software company Animoca Brands.
Fintech Aspire, Visa launch corporate card for Hong Kong’s SMBs
Globally, 4 in 5 small and medium businesses are looking to sell overseas.
BEA introduces new loans for SMEs' growth and green goals
The loans range from HK$1m to HK$2m.
HK’s young affluent families eye HK$18m in savings, but lack plans
Only a third of respondents have financial strategies to meet their needs.
Hong Kong green financing steering group unveils 2025 priorities
The group group is led by the HKMA and the SFC.
ZA Bank partners with TransUnion to offer credit alert service for free
It notifies of new credit accounts opened under their name, amongst others.
HSBC, Delta Capita collaborate on post-trade services
Delta Capita established operational hubs in Kuala Lumpur and Manila.
New Policy Pulse details efforts to achieve HK’s financial hub status
It provides an overview of the developments and achievements of HK’s financial services in recent years.
Hong Kong’s total loans down 2.8% in 2024
Loans for use outside Hong Kong dropped by 1.3% in December.
Home loans in negative equity dropped to $25.03b in Dec 2024
The number of cases fell, but the three-month delinquency ratio rose.
Hong Kong’s total deposits up 7.1% in 2024
Renminbi deposits fell, whilst RMB remittance rose in December.
Hong Kong banks to focus on resilience, costs in 2025: KPMG
Interest rate reductions are likely to be slower.
Hang Seng Bank fined HK$66.4m for overcharging, sales misconduct
It reportedly received HK$22.4m in excess benefits and fees, the HKMA and SFC said.
Alipay, Macau Pass expand partnership for Lunar New Year
Macao Government Tourism Office estimates an average of 185,000 daily visitors.
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