Financial Services
Govt to raise protection limit of Deposit Protection Scheme
The protection limit will be increased by $300,000.
17 hours ago
Govt to raise protection limit of Deposit Protection Scheme
The protection limit will be increased by $300,000.
17 hours ago
Govt to launch eMPF platform in June
The platform will reduce admin costs.
3 days ago
HK extends grant scheme to boost OFCs and REITs
The extended scheme will start accepting applications from 10 May.
Hong Kong and Shanghai to enhance financial ties
The two cities will leverage on their competitive advantage to boost their financial cooperation.
Debt use surges in Hong Kong, driven by lifestyle and property spending
Hongkongers obtained loans ranging from $93,000-$1m for lifestyle-related expenses.
Hong Kong sees 194% surge in credit monitoring enrollment
About 84% of Hong Kong consumers deemed credit monitoring important.
Hang Seng Bank joins Hong Kong Jockey Club's financial literacy project
The project will cover 4,200 families in transitional housing areas.
Hong Kong green lights first Bitcoin, Ether EFTs
So far, three offshore fund managers said they will launch virtual asset management services soon.
HKMA, HKAB anti-scam initiative strengthens with more sectors joining efforts
Over 200 financial institutions and merchants have partaken in the new charter.
Hang Seng Bank announced HK$3b share buyback programme
Independent broker Merril Lynch will execute all buybacks.
DBS Hong Kong announces HK$350m green loan with Kwoon Chung Bus
This is the bank’s second SLL loan with the company.
Ripple to issue US-backed stablecoin to bring more liquidity to XRP Ledger
The cryptocurrency will initially be available on XRP Ledger and Ethereum blockchains.
Bonuses surge for Hong Kong financial professionals
Managing directors in Hong Kong received an average bonus of $3.5m in 2023.
DigiFT navigates Hong Kong expansion with fresh leadership
The firm appointed a new CEO and managing director.
BOCHK profit soars 28% YoY to $34.86b in 2023
With improved profit, the bank proposed a 23.2% YoY higher dividend per share.
Mortgage loans value drop 15% MoM to $17.9b in February
The outstanding value of mortgage loans remained virtually unchanged at $1.85t.
BEA advances in sustainability with $71b GSF loans and ESG bond investments
The bank also recorded a 31% drop in emissions.
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