Frances Gagua
Hang Seng Bank names HSBC’s Luanne Lim as chief executive
Hang Seng Bank names HSBC’s Luanne Lim as chief executive
Diana Cesar will return to HSBC as vice chairman, Hong Kong.
Citi named primary liquidity provider in RMB repo scheme
It is currently the only American bank of the 11 dealers in the scheme, the bank said.
Futu opens largest HK store, rolls out institutional & private wealth service center
The 7,000 square feet flagship store in Causeway Bay spans two floors.
ABN AMRO Clearing Bank granted restricted banking licence in Hong Kong
There are now 16 restricted licence banks in the city.
Hong Kong’s mortgage loan applications, approvals rose in July
Mortgage loans for primary market and secondary market transactions both increased.
HSBC fined HK$4.2m for disclosure breaches in research reports
It is estimated to have affected disclosures in over 4,200 reports.
China CITIC Bank Int’l, Hang Seng Bank support offshore RMB repo reforms
CNCBI has completed the first batch of transactions, it said.
Commercial real estate woes persist for Bank of East Asia
NIM will weigh on profitability but its non-interest income will cushion impact.
Citi, Mastercard offer priority restaurant booking for HK’s National Day
Citi Mastercard cardholders can pre-book at 13 participating restaurants.
Hong Kong total credit card receivables down 2.5% to $19.03b in Q2
This is slower than the 5.8% decline recorded in Q1 2025, official data showed.
Dah Sing Bank launch Payment Connect service in online platforms
The bank now offers instant cross-border remittance between the two markets.
StanChart sets up JV in Hong Kong to apply for stablecoin issuer licence
SCBHK, Animoca Brands, and HKT earlier participated in Hong Kong’s stablecoin issuer sandbox.
Hong Kong banks lose top talent with drawn-out hiring steps
Hiring rose 2.5% among 15 lenders in Asian Banking & Finance’s annual survey.
ZA Bank’s Devon Sin joins TransUnion as chief product officer
Sin was most recently the bank’s alternative chief executive.
HSBC’s profits down 30.6% to $11.51b in H1 2025
Revenue declined by 9% to $34.1b during the six-month period.
Hang Seng Bank’s credit risks rise, but capital buffers remain strong
Credit losses rose to HK$4.86b in H1 versus HK$1.5b a year earlier.
Hang Seng Bank launches HK$3b share buy-back programme
Merill Lynch International is appointed as the broker.
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