Hong Kong
CashOn to explore digital currency lending matching services
CashOn to explore digital currency lending matching services
It signed a strategic cooperation memorandum with Wuxi Huishan (Shenzhen) Innovation Center.
Hong Kong fines WeChat Pay HK for legal breaches
WeChat Pay Hong Kong self-reported the case.
HSBC Singapore names James Coyle as independent non-exec director
Coyle had previously served on the boards of HSBC UK and HSBC Trust.
Higher deposits, wealth buoy BOCHK to 17.9% profit rise in H1
Interim dividend for the period is HK$0.57 per share.
HKMA launches sandbox to accelerate tokenisation adoption
The sandbox will facilitate interbank settlement using experimental tokenised money.
Bank of East Asia seen to cut commercial real estate over the next two years
The bank has shifted its focus from real estate to manufacturing, retail trade, and technology.
HSBC’s net profit down 2% to $17.7b in H1; dividend is $0.10
Gains from the sale of its Canada and France businesses were offset by impairments.
Bank of East Asia logs HK$2.1b profit for H1
Ongoing commercial real estate (CRE) concerns led to the 19.9% decline.
BOCHK warns against suspicious SMS messages
It reminded customers that it will only send messages starting with a “#”.
Futu bags $1.2b net income in Q2 2024
Earnings per share stood at 1.08 Hong Kong cents.
‘Deteriorating’ property market leads to 1% drop in Fubon Bank’s H1 net profit
Total impairment losses amounted to HK$279m.
Hong Kong central bank launches gen AI sandbox
Banks are encouraged to make full use of the sandbox.
Bank of Singapore warns against fake app
It has reported the link and app to the police and regulators.
Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
HKMA preparing law amendments for proposed two-tier bankings system
The central bank has published results of its consultation and new parameters added.
HKMA rules out new virtual banking licenses
Competition is keen in the market and enquiries have declined.
HK virtual banks' record 2.2 million depositors by end-2023
Hong Kong's eight licensed virtual banks experienced modest growth over the past three years.
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