Hong Kong
Bank of China HK uses e-CNY for $5.1m cross-boundary settlement
Bank of China HK uses e-CNY for $5.1m cross-boundary settlement
It's a stepping stone towards the normalization of e-CNY use amongst BOCHK's corporate customers.
Hang Seng Bank’s prime lending rate remains 5.875% per annum
Its deposit savings rate also remains unchanged.
JPMorgan Chase eyes outsourcing Hong Kong, Taiwan custody business
The bank is reportedly in the process of selecting another bank to take over operations.
Hong Kong publishes revised code of banking practice
Institutions are expected to achieve full compliance within 6 months.
Hong Kongers used credit cards more on average in Q3: study
Card origination volumes contracted, but average card limits are higher.
ING coordinates US$260m sustainability-linked loan for HK’s Hop Lun
Hop Lun designs and manufactures products for more than 200 brands.
Hang Seng Bank warns of phishing SMS messages, fake WhatsApp accounts
These phishing SMS and fake accounts prompt users to provide their banking info.
Tap & Go joins Hong Kong-Thailand cross border retail payment service
Hong Kong Tap & Go customers can now pay in Thailand locally with just their app.
Crypto-focused SEBA Bank rebrands to AMINA Bank
It recently clinched a license to offer regulated services in Hong Kong.
OCBC Hong Kong names Wang Ke as new CEO
The current CEO, Ivy Au-Yeung, will retire on 31 December.
Hang Seng Bank warns customers of fraudulent Facebook accounts, links, and websites
Customers are advised to report any suspicious emails, messages, accounts, or websites claiming to be Hang Seng Bank.
Hong Kong’s ZA Bank to roll out US stock trading services
The Hong Kong SFC has lifted previous conditions to the bank's securities license.
Hong Kong lending market rebounds, but bad loans also rise: study
Customers seem to be choosing banks over money lenders.
Visa launches updated security roadmap for Hong Kong
Amongst initiatives include reduction of SMS OTP reliance and adoption of tokenisation.
BOCHK net income up 20.8% to US$6.21b in 9M 2023
Net interest margin rose 36 basis points during the first nine months of 2023.
No changes to Hang Seng Bank’s HKD prime lending rate
Its HKD savings deposit rates also remain unchanged.
Bank of China Hong Kong keeps HKD prime rate, deposit rate steady
Savings accounts with over HK$1m will enjoy a 0.001% pa additional bonus rate.
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