Financial Services

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.