Financial Services
Prepare to go cashless or pay the price
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.
Financial services M&A deals reached $125b in 2021: KPMG
The deal value jumped from $11.35b in 2020.
Hong Kong proposes tax reduction for 2021/22 assessment
The tax measure will cost the government $14.3b and will benefit 2.01 million taxpayers.
HK likely to be a green financing hub: HKGFA
It compared HK's sustainable infrastructure financing with Australia and Singapore.
Greater Bay Area financial services continue to flourish: PwC
Businesses held up well despite the pandemic, the report said.
Hong Kong is the top international financial centre in Asia—survey
Survey respondents also saw Hong Kong as a gateway to mainland China.
RML in negative equity see increase to 21 cases in December 2021
The increase was attributed to bank staff housing loans.
HSBC Life opens online application for insurance plan
Eligible customers who will apply online can get a 20% first-year premium discount.
HSBC reveals senior appointments for IWS division
Wei Mei Tan and Michael Wong will see their roles take effect immediately.
StanChart’s HK workforce operates in split teams anew
The new arrangement came after the implementation of stricter measures in HK.
DBS Hong Kong, Haier Group sign $3.11b ESG-linked loan
The group will commit to reducing its energy consumption per business unit.
HK has 3rd highest adoption rate of neobanks: EY survey
The city ranked behind Germany and Mainland China.
Standard Chartered nabs an award in the Wealth Banking category at the HKB Greater Bay Area Enterprise Awards
The bank accelerates market influence to boost its brand and thought leadership in the region.
Hang Seng, HKTDC form one-stop digital solutions platform
InnoClub will provide solutions in three focus areas.
UOB and HSBC act as green loan coordinators for $1.85 loan
The Gaw Capital Partners-led consortium will use the loan for the acquisition of office buildings.
NFT adoption rate to soon hit 21.1%: report
The report said about 10.4% of locals are planning to own NFTs in the future.
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