Financial Services
Hong Kong shapes up in heating virtual banking race
Hong Kong shapes up in heating virtual banking race
The first batch of licensees were granted to applicants with experience in running a deposit-taking and lending business.
AXA Hong Kong launches Voluntary Health Insurance Scheme
The insurer will offer personal reimbursement for hospitalisation.
Hong Kong bank loans grow 3.03% in February
Trade finance loans fell for the sixth straight month to $477.7b.
Hong Kong consumers more willing to share data than UK and Germany: survey
Consumers are willing to share income, location, lifestyle habit data in exchange for tailored offers.
Fitness app developer OliveX nabs US$1m funding
Fasting tracker Vora is part of the developer's offerings.
Crypto startup FinFabrik closes seed round from BitMEX Ventures
The startup digitises real-world assets.
Expense tracker gini raises $1.6m seed fund
The startup aims to make money management across markets easy and accessible.
Hong Kong credit card balances up 5% to $17.33b in Q4
The balances of Generation Z customers skyrocketed 89%.
Hong Kong slaps $100m fine on global banks over IPO sponsor failures
UBS faces the highest fine of $47.77m.
Insurers gear for Hong Kong's $1.27b national health insurance programme
The Voluntary Health Insurance System will offer $1,000 in tax benefits to lure residents.
Hang Seng Bank's profits up of 21% to $24.2b in FY2018
Their retail banking and wealth management arms account for 51.2% of the bank’s pre-tax profits.
Which bank enjoys the highest customer satisfaction in Hong Kong?
This lender occupies the top spot for the second straight year.
Hong Kong's Finance Academy to open in mid-2019
It aims to nurture financial leadership and encourage applied research in cross-sectoral areas.
BEA's profits crashed 30.4% to $6.5b in 2018
Weak investment activity hit its retail and private banking arm.
Struggling Chinese firms to lift Hong Kong banks' classified loan ratio to 0.75% by 2019
The number of defaults quadrupled to hit a record $17.68b in 2018.
Online banking scams rose threefold in 2018: HKMA
There were 62 cases of phishing last year.
Mortgage loans down 20.7% to $23.5b in December
Weakening property demand has weighed on loan growth.
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