Financial Services

Here’s five focus areas of HKMA’s Fintech 2025 strategy

The HKMA eyes fully digital banks, next-generation data infrastructure and more.
6 days ago

Here’s five focus areas of HKMA’s Fintech 2025 strategy

The HKMA eyes fully digital banks, next-generation data infrastructure and more.
6 days ago

The Exchange, FRC strengthen financial reports oversight

This is to ensure the quality of financial reports of listed companies is upheld.
6 days ago

Wealth Management Connect now in the “home stretch”: SFC

The scheme will allow cross-boundary investment in wealth products of banks in the Greater Bay Area.
7 days ago

StanChart unit, BC Group to create crypto-exchange platform

It will target corporate clients in the UK, and Europe.
12 days ago

Daily Briefing: US & China trade envoys meet; HSBC exits US retail banking; Australian state locks down

Trade envoys from the US and China talk on the phone for the first time since US President Joe Biden took office.
19 days ago

Global Strategic Group sees smaller loss at $17.46m over last half-year

The Group previously recorded a $61.06m loss in the six months to March 2020.
1 month ago

SFC starts granting subsidy for setting up REITs, OFCs

The scheme will operate for three years until 9 May, 2024.
1 month ago

No fees for loan scheme application: HKMCI

This follows reports that handling fees were being charged for false instruments.
1 month ago

Green finance grant scheme starts 10 May

The scheme will grant subsidies to bond issuers and loan borrowers to cover expenses.
1 month ago

Private Swiss bank buys BMO private bank in Hong Kong and Singapore.

The J Safra Sarasin Group completed the acquisition of the Bank of Montreal’s Private Banking Business.
1 month ago

Fewer SMEs now struggle in securing bank credit: survey

A total of 30% of SMEs perceived more difficult credit approval, down from 35% previously.
1 month ago

BOC Hong Kong's operating income climbs 16% to $13.42b in Q1

The Q1 performance, however, was lower by 9.8% year-on-year.
1 month ago

HSBC's profit up 82% amidst expected credit losses

Its net profit for the quarter amounted to $35.7b (US$4.6b).
1 month ago

Citi to hire 300 new relationship managers for Hong Kong wealth arm

The bank has outlined bold plans to triple its client numbers and double assers under management by 2025.
1 month ago

Savings, investment-linked insurance products boom amidst low rates

Hong Kong Business' annual insurance rankings reveal that the city’s top insurers yielded $688b in terms of assets in 2019.
1 month ago

China Merchants Bank net operating income increases to $345b in 2020

It represented a 7.6% YoY rise, compared to 2019.
1 month ago