Financial Services
BOCHK grants $625.5m sustainable loan to Shangri-La Asia
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.
Foreign currency reserves hit US$416b in September
It increased from the US$415.7b record in September.
Dah Sing Bank warns customers about fake ‘Dah Sing Finance’ website
Consumers are advised not to leak their personal information on the website.
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