Financial Services
Home loans in negative equity dropped to HK$195.1b in December
Home loans in negative equity dropped to HK$195.1b in December
The number of cases fell, but the three-month delinquency ratio rose.
3 days ago
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.
Emperor Capital Group's net profit rebounds to $66.4m in 2024
Basic earnings per share stood at $0.98.
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.
Gov't to adopt Crypto-Asset Reporting Framework to enhance transparency
It plans to begin automatic exchanges under the framework by 2028.
HKPC to offer two subsidy measures to strengthen industrialisation
A 30% concession of manpower cost will be offered to an applicant.
Mortgage loans up 9.5% to $19b in October
Applications increased month-on-month by 46.5% to 7,289.
HKUST launches new GenAI platform for financial services
The platform aims to help local financial institutions leverage AI technologies.
Hongkongers' monthly savings rise to $9,800
This represented a 10% increase from last year.
Hong Kongers turn to social media for financial advise: report
YouTube, Instagram, and Facebook are amongst the most popular platforms for Hong Kongers.
Two-thirds of Hong Kong entrepreneurs lack plans for wealth transfer
Entrepreneurs in Hong Kong lag global peers in succession strategies.
HK launches $20b retail infrastructure bond
It will be available in lots priced at $10,000 and a tenor of three years.
HKMA announces $1.5b tender for floating notes
Minimum tender amounts start at $50,000.
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