Financial Services
Gov’t expands GREEN$ scheme with redeemable e-points
Gov’t expands GREEN$ scheme with redeemable e-points
E-points can be used to redeem gifts at over 500 retail stores.
2 days ago
Stable credit use seen in youth, but education gaps remain: survey
TransUnion warns that continued financial education is essential to maintain and improve these positive trends.
2 days ago
Hong Kong to update virtual asset policy
It will focus on Web3 innovation.
5 days ago
HKMA welcomes Euroclear in tokenisation project
The initiative aims to develop the tokenisation ecosystem in Hong Kong.
5 days ago
AEON net profit up 2.1% YoY in FY2024/25
Revenue rose 8.4% YoY to $1.759b.
Hong Kong ECM raises $129.97b in Q1, led by BYD and Xiaomi
The rise was primarily driven by two major follow-on offerings in March.
Securities industry profits up 56% to $44.4b in 2024
Income from underwriting and placing of securities more than doubled.
Gov’t aims to attract more family offices with new measures
Currently, Hong Kong has more than 2,700 family offices.
EU blacklists 20 Hong Kong firms for alleged trade violations
The US Office of Foreign Assets Control also sanctioned companies allegedly involved in financial transactions.
Trust industry to remain stable amidst market headwinds
The report found that regulatory developments are increasing confidence.
Gov’t enhances two funding schemes for SMEs
The changes will apply to funding requests received from 14 March.
Millennials and Gen Z drive 76% surge in Hong Kong's revolving credit
Millennials accounted for 40% of new revolving credit users, whilst Gen Z’s participation more than doubled (+127.8% YoY).
Hong Kong to review listing rules and virtual asset licensing
It will also explore enhancing measures for the issuance and transaction of digital bonds.
Lendela appoints new CTO and CFO
The new CTO will be based in Malaysia, whilst the new CFO will be based in Singapore.
3 key trends shaping payment systems
Customers now demand seamless and rapid checkout experiences.
Rich Hong Kong families focus on savings but lack strong plans: survey
These families set a savings goal of $18m, which includes retirement planning and medical insurance, amongst others.
Hang Seng amongst first to execute offshore RMB bond repurchase
It leverages eligible onshore bonds held under the Northbound Bond Connect scheme as collateral.
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Commentary
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