Financial Services
Mortgage loans down 20.7% to $23.5b in December
Weakening property demand has weighed on loan growth.
Hong Kong banker bonuses drop by a fifth as stock markets fall
Some local brokers had to make do with a lai see.
Branding is the foundation that every Hong Kong startup needs to ensure success
Over the past few years, Hong Kong has established itself as one of the hottest global hubs for startups. As the region’s financial hub, as well as...
Hong Kong accounting firms digitise faster than Singapore counterparts
Around 81% of local firms use automation apps compared to 34.5% in Singapore.
7 in 10 Hong Kongers believe fintechs are as trustworthy as banks: survey
However, 22% admit that the former are less trustworthy than old-guard lenders.
Hong Kong banks' pre-tax profit up 19.4% in 2018
NIM rose to 1.62% from 1.45% in 2017.
Half of Hong Kongers willing to give third-party data access in open banking boost
They are more open to the tech than Australia and UK users.
Hong Kong families need at least $6.63m to cover dependents in case of death: survey
On the other hand, childless couples only need $3.29m in savings.
Where to park your money in 2019
It was an undeniably terrible year for equities, but experts are not completely writing them off in 2019.
Banks' 2019 loan growth cut to 2% as trade and mortgage loans take hit
Lending to Mainland firms has been trending downwards to 6.1% in September 2018.
SFC slaps $2.4m fine on FWD Life
The insurer failed to meet the required number of personnel with sufficient investment experience.
Up to 4% salary hike awaits tech workers in 2019
The demand will be driven in large part by fintech, as banks apply for their virtual banking licenses.
Hong Kong banks loan growth rebounds 5.2% in November
Business sentiment recovered mildly as corporates ramped up borrowing.
Hong Kong hikes base interest rates by 25 bp to 2.75%
This represents the fourth tightening in 2018.
Insurtech, hiring spree reshape Hong Kong's insurance scene
The rolll-out of the IFRS 17 calls for massive hiring of regulatory professionals.
Hong Kong banking industry needs to amp up skills on fintech and cybersecurity: study
Only 2 in 5 industry professionals have gone through fintech training courses.
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