Hong Kong
Bank of China Hong Kong to explore e-HKD payment programmability
Bank of China Hong Kong to explore e-HKD payment programmability
BOCHK will work with a subsidiary of Sun Hung Kai Properties.
Citi wealth head visits Hong Kong
Andy Sieg attended three events and toured Citi’s Global Wealth Centre.
Hong Kong stored value transactions up 4.6% in Q2
A total of 2 billion transactions were made between April to June 2024.
Bank of Singapore flags fraudulent app
It has reported the matter to the Hong Kong police.
Hang Seng Bank reduces lending rate, deposit rates
Its prime lending rate and deposit rates are now 25 basis points lower.
ZA Bank cuts installment loan interest rate
Applicants get a cash reward of up to $188.6 until 30 September.
BEA lowers HK dollar savings rate, prime rate
The new rates come into effect on 20 September 2024.
DBS Hong Kong launches all-in-one sales management platform
Business accounts can be opened as fast as 1 working day.
Hong Kong, Macau establish direct link for bond clearing and settlement
Investors in Macao and Hong Kong will benefit from the arrangement.
SCB taps Baker & McKenzie for inheritance asset legal support
The partnership aims to provide clients with legal and tax advisory services.
HKMA suspends banker for signature forgery on deposit form
He photocopied a customer's signature on a time deposit application form.
Hong Kongers seek digital channels, F2F meetings in wealth mgmt services
Nearly all use digital channels, yet nearly half still employ face-to-face meetings with advisors.
WeLab Bank served as official digital settlement bank for Dear Girlfriends subsidy
The program granted HK$3,300 cash subsidy to over 18,500 female students.
Hang Seng Bank taps Derek Ngai as new head of audit
Ngai was head of audit for Hong Kong and Macau at HSBC.
HK-listed Chinese banks deliver 23% higher returns in 8M 2024
Major banks’ plans to distribute interim dividends lifted market sentiment.
Hong Kong’s ZA Bank achieves monthly net profitability
The bank has over 800,000 users in the city.
Weekly Global News Wrap: Tech, rate woes weigh on regional lenders; VP Bank exiting Hong Kong?
And Russia’s Sberbank says it's business in India is booming.
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