Hong Kong
Hong Kong banks’ composite interest rate falls 4bp to 2.61% in May
Hong Kong banks’ composite interest rate falls 4bp to 2.61% in May
This was due to a decrease in weighted funding cost for deposits during the month.
Hong Kong’s ZA Bank unveils stock rebate programme
Users can also collect a big-name US stock worth up to $77.77.
DBS Hong Kong names Ed Lam as board member
Lam is the CEO of LFX Limited.
ZA Bank’s Devon Sin on why Web3 is key to HK’s growth
The bank has expanded services to cater to stablecoin issuers and Web3 companies.
KPay’s unified payment solutions platform propels SME growth
After expanding into Singapore, KPay aims to dominate APAC and serve over 1 million merchants.
Hong Kong mortgage loans drawdown rises by 9.9%
This was translated to $1.69b in loans.
Citi meets wealth needs with launch of exclusive debit card
The card’s daily spending limit can be as high as HK$300,000.
HKMA reports 2.2% rise in total bank deposits
Total remittance of RMB for cross-border trade settlement saw $176b.
ICBC Asia warns against phishing SMS message
The bank said that it has reported the case to the local police.
Fintech Aspire clinches money service operator license in Hong Kong
It aims to facilitate cash management and money transfers of local SMEs.
Hong Kong’s rich investors seek more risk for more returns
About 1 in 3 investors said that their current investment returns have room to grow
Shacom Bank face profit strains amidst elevated asset risk
Moody’s Ratings has changed the bank’s outlook to negative.
BEA offers up to HK$100,000 benefits to new CIES clients
BEA Private Banking will waive selected fees for clients who invest at least HK$30m.
Hong Kong’s investment bankers kicked to the curb as lenders tighten belts
No, they are not headed to Singapore to hunt new jobs.
Credit Data Smart ushers in new era of credit scoring in Hong Kong
It’s expected to promote healthy competition and improve credit knowledge of locals.
Hong Kong central bank extends deputy chief exec’s appointment for 2 years
Yuen will continue in his role for two more years beyond retirement age.
Two banks in Hong Kong warn against phishing emails
Tai Sang Bank cautioned against emails claiming to be from its chairman.
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