Financial Services
Tax professionals urge Hong Kong to waive property stamp duty
Tax professionals urge Hong Kong to waive property stamp duty
They also call for tax deductions for companies hiring young people.
Why China insurers are suddenly flocking into Hong Kong
Insurers are the biggest gainers in the Hang Seng China index.
Chinese ATM usage up 23% in 2015
The number of ATM cash withdrawals worldwide increased 10%.
Exchange fund assets up $40.1b in December
HKD assets were up $12.5b.
HKMA alerts consumers of bogus bank apps
It was regarding a fraudulent mobile app linked to Wing Lung Bank.
Hong Kong issues alert on bogus banking apps
These apps are under the guise of Wing Lung Bank.
Hong Kong banks still well capitalised despite poor profit outlook
Total capital ratio came in at 19.4% in September 2016.
Bank of East Asia unveils mobile app for personalised banking
It teamed up with IBM for the design.
Hong Kong banks to cut down lending to Chinese SOEs
The sector is suffering from its mainland exposure.
Genuine startups and entrepreneurs being turned away by HK banks
Hong Kong has strongly built a reputation as a world-class business centre: not only is it one of the largest financial centres in the world, but it...
Hong Kong banks' share of loans to state-owned enterprises down to 41.7% in September 2016
Downside risks to the banks' balance sheets loom.
3 in 4 consumers are open to the use of robots in banking
More consumers are willing to switch to non-traditional financial services providers.
Hong Kong banks to suffer structural slowdown
Loan growth is predicted to be muted at 3%.
Hong Kong's 25 largest accounting firms in 2016
Major IPOs to keep HK’s accounting firms busy in 2017.
Hong Kong IPOs' total funds dropped 26% to $195b
But it still topped the world in IPO funds raised.
Hong Kong banks' system liquidity to remain robust
The largest banks will benefit from strong domestic deposit bases.
3 key risks that Hong Kong banks must face
Weakness of the Chinese yuan is one.
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