Hong Kong

DBS Hong Kong, Sun Hung Kai subsidiary unveil green payments

The supplier payment services are for Hong Kong’s construction industry.

BOCHK warns against remittance phishing email

The email reportedly intends to steal customers’ data.

Hong Kong extends green and sustainable finance grant scheme for 3 years

The grant scheme will also expand to cover transition bonds and loans.

Fubon Bank HK warns against fraudulent website

The bank has already reported the matter to the Hong Kong police.

HK mortgage loans in negative equity surpasses 32,000 in March

The delinquency ratio also jumped to 0.06% from 0.03% previously.

Hong Kong banks’ loans and deposits ‘virtually unchanged’ in March 

But banks saw a decline in foreign currency and renminbi deposits.

HKMA denies links to firms claiming to assist in financial fraud cases

The central bank said that it has reported the case to the police.

Hang Seng Bank maintains HKD lending and savings rate

The lending rate is still 5.875% per annum.

HSBC’s profit dips to $12.7b in Q1; special dividend after Canada sale

A first interim dividend of $0.1 per share has been approved by the board.

Alipay+ enables 14 foreign e-wallets to pay in Hong Kong

About 90% of HK merchants now accept payments using foreign e-wallets.

Manulife, Standard Chartered expand 2016 ties

Manulife will gain access to the bank’s clientele.

Hong Kong SME’s funding gap at $21.7b

About 1 in 3 small businesses who need money choose not to get a loan.

Deutsche Bank cuts 10 private banking roles in Asia: report

The bank has cut about 60 roles in Singapore and Hong Kong over the past year.

Hong Kong’s Mox Bank one of fastest growing digital banks worldwide

Mox has the 7th largest credit card book in the city and has 550,000 customers.

1 in 2 Hong Kong adults trying to break free from parents’ bad money habits

Adults have the tendency to mirror their parents’ money habits, both good and bad.