Financial Services
New payment systems integrated into Kai Tak Sports Park
New payment systems integrated into Kai Tak Sports Park
More than 300 payment terminals have so far been installed.
Hang Seng Bank funds $20m green loan for low-noise equipment
The financing will support the acquisition of electric construction machinery designed to reduce noise and emissions on building sites.
Hong Kong to log largest rise in bad loans in APAC in 2025
Banks in Hong Kong and the mainland still face subdued loan demand.
Credit card issuance slows in Q1 2025 amidst soft retail demand
Gen Z accounted for 26.9% of total originations.
Mastercard, HSBC Hong Kong to offer privileged access to Live Nation events
Eligible cardholders can have early access to priority booking before public sales.
HashKey expands bank services to 32 countries
The platform now supports transfers in CNH, HKD, USD, and EUR.
4 in 5 consumers hold only credit cards: report
Only 11% belong to the "flexible funding wallet" segment.
Gov’t OKs revised Banking Bill 2025
The ordinance will enable banks to share account information to detect and prevent crimes.
About 74% of HK SMEs struggle with payment reconciliation: survey
21% strongly agreeing that reconciliation poses a critical challenge, compared to 9% of small businesses.
Gov’t greenlights Stablecoins Bill
The bill is expected to come into effect this year.
Gov’t hikes fees for land registration
The fee adjustments will range from 15% to 30%.
Hang Seng Bank opens flagship wealth centre in Central
The new facility is the largest amongst the bank’s nine such centres across Hong Kong and mainland China.
HKEX reappoints Carlson Tong as chairman
His chairmanship will coincide with his term as an HKEX board member.
Hang Seng’s HKD prime lending rate steady at 5.25% per annum
HKD savings deposit rates also remain unchanged.
Hong Kong OTC derivatives reporting re-write – Are you ready?
With early testing expected from June 2025, firms are encouraged to begin preparations now.
Credit access remains stable for SMEs in Q1
Credit approval eased or remained unchanged for SMEs.
HKMA buys $7.8b to defend Hong Kong dollar peg: report
Aggregate balance will rise to HK$116.6b on May 7, 2025.
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