Frances Gagua

Bank of China Hong Kong to explore e-HKD payment programmability

BOCHK will work with a subsidiary of Sun Hung Kai Properties.

Citi wealth head visits Hong Kong

Andy Sieg attended three events and toured Citi’s Global Wealth Centre.

Hong Kong stored value transactions up 4.6% in Q2

A total of 2 billion transactions were made between April to June 2024.

Bank of Singapore flags fraudulent app

It has reported the matter to the Hong Kong police.

Hang Seng Bank reduces lending rate, deposit rates 

Its prime lending rate and deposit rates are now 25 basis points lower.

ZA Bank cuts installment loan interest rate

Applicants get a cash reward of up to $188.6 until 30 September.

BEA lowers HK dollar savings rate, prime rate

The new rates come into effect on 20 September 2024.

DBS Hong Kong launches all-in-one sales management platform

Business accounts can be opened as fast as 1 working day.

Hong Kong, Macau establish direct link for bond clearing and settlement

Investors in Macao and Hong Kong will benefit from the arrangement.

Wealth transfers to spur family offices’ growth in SG, HK

The two markets each manage $1.3t in offshore assets.

HK-listed Chinese banks deliver 23% higher returns in 8M 2024

Major banks’ plans to distribute interim dividends lifted market sentiment.

CashOn to explore digital currency lending matching services

It signed a strategic cooperation memorandum with Wuxi Huishan (Shenzhen) Innovation Center.

Hong Kong fines WeChat Pay HK for legal breaches

WeChat Pay Hong Kong self-reported the case.

HSBC Singapore names James Coyle as independent non-exec director

Coyle had previously served on the boards of HSBC UK and HSBC Trust.

Higher deposits, wealth buoy BOCHK to 17.9% profit rise in H1

Interim dividend for the period is HK$0.57 per share.