Financial Services
Hang Seng Bank to use fintech in credit risk assessment by Q4
Hang Seng Bank to use fintech in credit risk assessment by Q4
Fintech and big data will be used to evaluate loan applications.
Banks' bad loan ratio improves to 0.52% in 2017
Maintaining credit quality is no problem for the city’s top lenders.
What can Hong Kong banks gain from turning away from BPOs?
Managed services may just be the way to add further value for banking customers.
Hong Kong Exchange cracks down on backdoor listings
HKEX is also targeting companies that remain listed but do very little business.
Banks may lose $14.68m in net assets following HKFRS 9
Replacing the expected credit loss model is likely to shed off around 1% of net assets.
Hong Kong's blockbuster IPO year at risk from heating trade tensions
A liquidity crunch may force smaller firms to rake in less cash.
Investment holding firm DBA convicted of issuing misleading statement
The SFC claims that DBA's financial statement for the year ended 2012 did not follow listing rules.
Banks' cost to income ratios improve despite larger digital investments
The figure dipped from 47.9% in 2016 to 42.5% in 2017.
Non-bank Chinese exposure of Hong Kong banks doubles to 15% in 2017
Fitch, however, warns against the associated risks of closer ties.
Insurer FWD mulls Hong Kong IPO
Strategic acquisitions in the past five years have strengthened FWD’s foothold.
Citi joins Hong Kong's chatbot race with planned Facebook Messenger chatbot
Customers will soon be able to check account balance via the messaging app.
AlipayHK launches blockchain cross-border remittance service
The firm is tying up with Philippine-based micropayment service GCash.
Meituan Dianping hit by massive $22.79b loss ahead of blockbuster IPO
Ballooning market and research spending hit Meituan in its attempts to diversify.
Hong Kong could break into the top three IPO destinations by year-end
Total fundraising proceeds could hit $250b.
China Renaissance reportedly guns for US$800m in Hong Kong IPO
The investment bank is aiming for a valuation between US$4b to US$5b.
BOC (Hong Kong) to beef up private banking business by at least 20%
Given enough available talent, the bank aims to double the number of its relationship managers.
Xiaomi lays down terms for blockbuster IPO
The smartphone maker is said to offer 2.18 billion shares at $17 to $22 apiece.
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