Financial Services

Foreign currency reserves down to US$441.7b in July

This is over US$5m lower from the preceding month.
2 days ago

Foreign currency reserves down to US$441.7b in July

This is over US$5m lower from the preceding month.
2 days ago

Hong Kong receives fewer insurance-related complaints in H1

Complaints about conduct have the most significant number.
6 days ago

Positive experience boosts Hong Kong’s retirement mastery index score

The city’s score went up from 4.8 to 61.1 in the Sun Life Retirement Mastery Index.

HKMA raises its base rate to 2.75%

The new rate took effect on 28 July.

DBS issues $107m (HKD210m) 3.47% notes due in 2024

The notes will be listed in the bonds market on 26 July.

Hang Seng issues $100-m green trade facility for Leo Paper

This marks the first green trade facility for Hong Kong’s paper and printing industry.

What do Hong Kongers buy after getting a loan

Over 33% use a loan to purchase property. 

HSBC pulls plug on Hong Kong-based trading startup Serai

The startup said it has been ‘difficult to build a commercially viable business’.

How did Hong Kong’s insurance industry fared in its first quarter?

The industry showed only flat growth across both long-term and general business.

Hong Kong ranks 2nd in the world in play-to-earn gaming adoption

At least two in five Hong Kongers have used play-to-earn platforms.

DBS, CNTIC ink $122m green bridge loan deal to fund wind farm project

The project will be in Tomislavgrad and Livno in Bosnia and Herzegovina.

Businesses lost over $1.18b due to hidden exchange rate markups

There were hidden exchange rate markups when sending cash overseas.

Prepare to go cashless or pay the price

One in three consumers will abandon a purchase if they cannot pay for it digitally.

Around 5 of 10 FIs use robotic process automation

This is expected to grow as 31% plan to adopt RPA in the next 6 months.