Hong Kong banks

Hong Kong dollar deposits dipped, whilst foreign deposits rose.

NIMs are expected to rise and outweigh asset quality deterioration in the near term.

Inflows from Mainland China will support the city, but issues are challenging this role.

UBS recently shifted to two senior bankers and might move eight more to China.

BEA highlights hiring plans, whilst Citi says it will offer 100 types of wealth products under WM Connect.

Digital lenders are currently at a loss-making and some may fold over the next few years.

This increased from $1.53m in the same period last year.

Users can get their monthly payroll up to seven days in advance, interest-free.

The increase in credit losses in 2020 was manageable compared globally.