Frances Gagua
Bank of China (Hong Kong) adjusts HKD prime rate to 5.875%
Bank of China (Hong Kong) adjusts HKD prime rate to 5.875%
The savings deposit rate will also be adjusted to 0.875% for accounts with a $5,000 balance and above.
Hotel Ease ‧ Mong Kok for sale via expression of interest: Colliers
The 30-storey hotel has 199 guest rooms and is near an MTR Station.
Grade A building at Wing Lok Street for sale
The EOI deadline is 12NN on 20 September 2023.
Hang Seng expands remote account opening service to HK companies with mainland shareholders
The e-Sign service can also now be used to provide signatures for loan documents.
Bank of East Asia extends Sheung Shui Branch hours to seven days a week
Its Tsim Sha Tsui and Shatin Plaza branches have reverted to regular business hours.
BOCHK warns of fraudulent website
BOCHK said that it has no connection to pulsboc(dot)com.
ZA Bank welcomes deposit protection hike
Raising the limit will increases awareness and trust in virtual banks, ZA Bank said.
Hong Kong mulls raising deposit protection limit to HK$800,000
The number of depositors fully protected will rise to 92%.
Sheraton, Four Points hotels restructure project loans
Shimao Group Holdings’ shares will remain suspended.
Chart of the Week: Hong Kong’s card payments market to grow 4.8% in 2023
Growth of e-commerce will spur card payments’ growth even further.
Average wage rate up 3.2% in March
Ongoing economic recovery is expected to drive labour demand.
HKMA, local bank association launch charter to prevent credit card scams
The industry is directed not to send SMS with embedded hyperlinks.
Surging costs dampen demand for new homes
Plans to relax loan-to-value ratio will have little effect on boosting transaction volumes.
Stable profits buoys Public Bank HK’s resilient credit profile
However, higher funding and credit costs will weigh down on profitability.
Bank of East Asia extends weekend business hours in three branches
They will be open from 1PM to 5PM until 9 July 2023.
No changes to Hang Seng Bank's HKD dollar prime, savings deposit rates
Savings accounts with a total relationship balance of HK$1m or above will enjoy a bonus interest of 0.001% per annum.
SME’s business outlook softens in May
The tighter financial conditions will affect business sentiment in the near future.
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