Financial Services

EU blacklists 20 Hong Kong firms for alleged trade violations

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.
5 hours ago

Trust industry to remain stable amidst market headwinds

The report found that regulatory developments are increasing confidence.
2 days ago

Gov’t enhances two funding schemes for SMEs

The changes will apply to funding requests received from 14 March.
6 days ago

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.

Home loans in negative equity dropped to HK$195.1b in December

The number of cases fell, but the three-month delinquency ratio rose.

Hong Kong and GCC explore further collaboration in financial services

The first GCC Chapter was held at the Asian Financial Forum.

Paragon Capital expands into Hong Kong

The firm received two licenses to operate from the SFC.

HKVAX, Victory Securities ink MoU to advance virtual assets services

It also aims to reinforce Hong Kong's competitiveness in the global industry.

Crypto adoption in Hong Kong lags at 24% despite rising optimism

Trust remains a challenge with 33% of non-users citing security concerns.

Specific licensing regime needed for fiat-referenced stablecoins

Hong Kong is still a leader in tokenised asset markets with the government’s multi-currency digital green bond issuance.

Octopus expands payment options for visitors to Mainland China

The new seamless payment solution is available starting this December.