Financial Services

21 Mar 19
The balances of Generation Z customers skyrocketed 89%.
18 Mar 19
UBS faces the highest fine of $47.77m.
12 Mar 19
The Voluntary Health Insurance System will offer $1,000 in tax benefits to lure residents.
1 Mar 19
Their retail banking and wealth management arms account for 51.2% of the bank’s pre-tax profits.
1 Mar 19
This lender occupies the top spot for the second straight year.
1 Mar 19
It aims to nurture financial leadership and encourage applied research in cross-sectoral areas.
28 Feb 19
Weak investment activity hit its retail and private banking arm.
14 Feb 19
The number of defaults quadrupled to hit a record $17.68b in 2018.
13 Feb 19
There were 62 cases of phishing last year.
11 Feb 19
Weakening property demand has weighed on loan growth.
8 Feb 19
Some local brokers had to make do with a lai see.
7 Feb 19
Over the past few years, Hong Kong has established itself as one of the hottest global hubs for startups.
30 Jan 19
Around 81% of local firms use automation apps compared to 34.5% in Singapore.
28 Jan 19
However, 22% admit that the former are less trustworthy than old-guard lenders.
25 Jan 19
NIM rose to 1.62% from 1.45% in 2017.
23 Jan 19
The figure is 62% higher than the government estimate.
17 Jan 19
They are more open to the tech than Australia and UK users.
17 Jan 19
On the other hand, childless couples only need $3.29m in savings.
15 Jan 19
It was an undeniably terrible year for equities, but experts are not completely writing them off in 2019.
15 Jan 19
It aims to encourage collaboration amongst its 2,400 employees with communal areas and flexible workstations.
14 Jan 19
Lending to Mainland firms has been trending downwards to 6.1% in September 2018.
11 Jan 19
Over half admit to not having plans to ensure compliance with local and global requirements in 2019.
11 Jan 19
The insurer failed to meet the required number of personnel with sufficient investment experience.
9 Jan 19
The demand will be driven in large part by fintech, as banks apply for their virtual banking licenses.
8 Jan 19
Business sentiment recovered mildly as corporates ramped up borrowing.
21 Dec 18
This represents the fourth tightening in 2018.
21 Dec 18
The rolll-out of the IFRS 17 calls for massive hiring of regulatory professionals.
19 Dec 18
This translates to almost 50 investment bankers leaving in the past six months.
14 Dec 18
Only 2 in 5 industry professionals have gone through fintech training courses.
14 Dec 18
Those employed in senior management positions are the most willing to transfer.
12 Dec 18
The double-digit growth came as Mainland firms beefed up their wealth businesses.
12 Dec 18
The fund became short of over a million shares in Great Wall Motor Company in 2015.
12 Dec 18
Proceeds from New York IPOs only hit US$205b as it settles for a tentative second place.
10 Dec 18
They failed to submit sufficient information on authorisation criteria.
10 Dec 18
SMEs and corporates also acknowledge the merits of the pivot.
7 Dec 18
They will assist the elderly with their finances.
5 Dec 18
Gains from Chinese business will remain muted.
4 Dec 18
They will develop a remote account-opening solution.
3 Dec 18
The pioneer will be part of the new fast-track system.
3 Dec 18
This represents the fourth straight month of decline.