Financial Services
Breadwinners support at least 3 relatives financially: survey
Breadwinners support spouses/partners, parents/in-laws, and children.
4 hours ago
Breadwinners support at least 3 relatives financially: survey
Breadwinners support spouses/partners, parents/in-laws, and children.
4 hours ago
Hong Kong’s credit card market to hit $1.02t in 2024
This growth is driven by the city’s robust payment infrastructure and e-commerce growth.
6 days ago
What’s shaping Hong Kong’s asset management sector
The report highlights evolving investment trends such as ESG, alternative assets, and virtual assets.
Hang Seng Bank launches $80b green financing solutions fund
The bank also launched green assessment and knowledge advocacy programmes.
Indosuez appoints Michaël Kofman as Hong Kong CEO
He has nearly 30 years of experience in finance.
HKMA keeps base rate at 5.75%
It said that the high interest rate environment could persist for some time.
Paragon Capital appoints Arthur Fong as CEO, Faye Ng as COO
The appointees bring over 30 and 15 years of finance experience, respectively.
Existing credit card usage up, new card interest down
Credit card enquiries decreased by 8% YoY in Q1 2024.
Mezzofy secures $2M investment for digital coupon innovation
The funding round was led by Isola Capital’s IPVF VII.
Outdated financial methods cost SMEs $160,000 annually
To help solve the issue, KPay launched a unified pay-in/pay-out platform for SMEs.
KPay’s unified payment solutions platform propels SME growth
After expanding into Singapore, KPay aims to dominate APAC and serve over 1 million merchants.
Hong Kongers pay most for ATM withdrawals in Thailand
Thailand has a 2.53% ATM withdrawal fee rate.
97% of consumers prefer traditional banks for top-of-wallet credit card: report
However, most respondents said they opt for other lenders for additional credit products.
Hong Kong's card payments market poised for 12.2% growth in 2024
The local card payments market will be worth $1.3t by year-end.
Nearly 9 in 10 use mobile wallets for payments in HK: study
This is expected to increase amidst efforts to push for electronic payment.
Gov’t orders Worldcoin to halt operations over data privacy violation
Authorities said the collection of face and iris images were excessive.
HKMA and PBoC extend e-CNY pilot to Hong Kong residents
E-CNY wallet users can top up their wallets through 17 partner banks.
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