Financial Services

HTX platform withdraws license application in Hong Kong 

It withdrew three days after it lodged its application.

HTX platform withdraws license application in Hong Kong 

It withdrew three days after it lodged its application.

Singaporean finance and tech professionals earn less than Hong Kong peers: Bloomberg

Investment banking analysts in Hong Kong earn 46% more than Singaporeans.

BOCHK grants $625.5m sustainable loan to Shangri-La Asia

Shangri-La will receive interest rate reductions when ESG targets are achieved.

Bonnie Chan to take over as HKEX CEO

Chan will succeed Alejandro Nicolas Aguzin.

Gov’t issues $6b digital green bonds

The two-year bonds are under the Green Bond Programme.

Mortgage loans drop 25.3% MoM in December 2023

The value of mortgage loans approved in December was $18.3b.

Mainland Chinese tourists fuel growth in Hong Kong’s life insurance market

The industry will grow 4.1% by 2028 due to more mainland tourists and the super aging population.

Octopus expands taxi QR payments

Operators can now accept payments from UnionPay, AlipayHK, and Alipay.

Financial trailblazers and innovators recognised at Hong Kong Fund Managers Awards 2023

Hosted by RaffAello Investment Management (HK) Limited, the prestigious event was held on 31 December 2023, in Conrad, Hong Kong.

Zurich Hong Kong and Hutchison Telecommunications join hands to promote travel insurance to customers

The partnership offers personalised travel insurance packages to customers.

MTR rolls out contactless bank card payment for train rides

Visa will be the first bank card that will be accepted for payment.

Endowus enters Hong Kong, challenging commission biases in financial advisory

The digital wealth advisor offers a 100% rebate on all trailer commissions.

Hong Kongers used credit cards more on average in Q3: study

Card origination volumes contracted, but average card limits are higher.

Hong Kong banks lead adoption of Generative AI: survey

This contrasts with their attitudes towards AI more broadly.

Hang Seng Bank warns customers of fraud

Customers were advised to report suspicious emails and websites posing as Hang Seng Bank.

FOMO Pay acquires new Hong Kong license

The license will allow FOMO Pay to operate businesses in Hong Kong.

SFC grants SEBA HK full license for crypto-related services

SEBA can now deal in and distribute securities in Hong Kong.