Frances Gagua
Less containers, ocean vessel arrivals in Q3
Less containers, ocean vessel arrivals in Q3
The port handled 3.41 million TEUs of containers during the quarter.
Total port cargo throughput down 3.5% YoY in Q3
Both inward and outward port cargo declined.
KPay raises $55m in series A funding round
It will use the funds for M&A opportunities and to double its partnerships.
HSBC Hong Kong’s real estate risks to persist through 2025
The bank should see good profitability, strong capitalization, and adequate liquidity, however.
Hong Kong lenders chase after small-ticket loans, maintain tight standards
They’ve embedded services in digital wallets to increase to get more customers.
Hong Kong central bank welcomes complete migration to Credit Data Smart
Banks and lenders now operate under a multiple credit reference agencies model.
Hong Kong’s ZA Bank offers crypto trading services to retail users
Global crypto market capitalization has surged 90% to over US$2.3t.
OCBC taps Citi alt chief executive to lead Hong Kong consumer and wealth businesses
Josephine Lee had served as wealth head for retail banking in Citi Hong Kong.
Nanyang Commercial Bank needs more loss provisions to resolve property woes
The bank is expected to face profitability and asset quality challenges through 2025.
Hong Kong credit card receivables down 0.6% in Q3
The delinquent and rescheduled ratio was 0.4% in end-September.
ICBC Asia net profit rise 9.58% to $547.2m in H1
Non-interest income rose by 67.01%, although fee and commissions declined.
Hang Seng Insurance to benefit from parental ties
It is expected to penetrate its parent’s client base further.
The Access Bank UK Limited officially opens Hong Kong branch
It will focus on international trade and commercial banking.
Hang Seng Invest, SAB Invest launch ETF
The ETF will debut on the Saudi Exchange on 31 October 2024.
BOCHK makes fully automated transactions of corporate remittances
BOCHK is the first Hong Kong commercial bank to connect to mBridge.
Hang Seng Bank eyes Middle East expansion
Its two subsidiaries already have collaborations planned in Saudi Arabia.
Standard Chartered, Ant complete HKD intra-group transactions
Ant will make use of StanChart’s treasury management principles in moving funds.
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