Retail Banking
Hang Seng Bank launches HK$3b share buy-back programme
Hang Seng Bank launches HK$3b share buy-back programme
Merill Lynch International is appointed as the broker.
HKMA fines three banks for violating anti-money laundering policies
HKMA ordered fines and formulation of remedial measures.The Hong Kong Monetary Authority (HKMA) has conducted disciplinary action against Indian...
HSBC names Airport Authority HK chairman as new board member
Fred Lam Tin Fuk served as AAHK CEO from 2014-2024.
Nearly 2 in 3 Hong Kongers hold a digital bank account
Respondents said digital banks outperform incumbents in account opening promotions.
Banks see steady growth in 2024 amidst global uncertainty
Cost management, risk vigilance, and digital innovation give resilience to the industry.
Hang Seng’s HKD prime lending rate remains at 5.25%
Hong Kong dollar savings deposit rates were also unchanged.
Hang Seng Bank declares $1.30 first interim dividend for 2025
The payout is set for 5 June to shareholders on record as of 16 May.
Hang Seng Bank, Mastercard launch new multi-currency debit card for businesses
It offers instant debit, secure exchange rates, and free transaction fees.
Hong Kong rolls out new measures against fraud and mule accounts
The central bank will roll-out an updated platform for banks to exchange information.
190,000 public houses to be completed over next 5 years
About 17,000 private housing units will be built per year over the same period.
HDBank issues $918.71m in green bonds to fund eco-friendly projects
This aligns with the Vietnamese government's goal of carbon neutrality by 2050.
Bank of East Asia taps Bi Ming-qiang as deputy chief executive
He brings 27 years of experience in the banking sector.
Renminbi rise to fuel Bank of China HK’s growth
The lender expects the currency to be used more often in cross-border deals.
Hang Seng Bank eyes Middle East expansion
Its two subsidiaries already have collaborations planned in Saudi Arabia.
Over 97% of Hong Kongers trust digital banks’ security measures
Digital bank account holders are willing to open more accounts with other digital banks.
Hong Kong to rename ‘virtual banks’ to ‘digital banks’
The bank will set-out new guidelines shortly.
Hang Seng bank declares third interim dividend of HK$1.2 per share
The payment date is on 12 November 2024.
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