Frances Gagua
Hong Kong needs to raise taxes to counter budget deficit— IMF board
Hong Kong needs to raise taxes to counter budget deficit— IMF board
Continued weakness of land premium revenues is a problem.
Jobless rate unchanged at 3.1%
The underemployment rates of the manufacturing and financing sectors declined.
Fusion Bank, WeBank ink commercial cooperation agreement
Fusion Bank can utilise WeBank’s digital banking tech.
Employment, not prices, to weigh on Hong Kong banks’ loans
Banks will face ‘minor but manageable’ pressure on such portfolios.
DBS welcomes deepening financial market ties between Hong Kong & China
It will broaden overseas investment channels for mainland institutional investors, a DBS managing director said.
StashAway sees investment deposits double in 2024
Its HNW and emerging HNW were more likely to invest in a diversified portfolio.
Mainland Chinese demand to help drive up home prices in 2025
In contrast, the outlook for the office rental market remains challenging.
Hong Kong launches incubator for banks’ adoption of DLT
Tokenised deposits will be a core focus upon the incubator’s inception.
Country Garden unveils debt restructuring deal to cut US$11.6b burden
The company has secured a maturity extension of up to 11.5 years from banks.
South African fintechs look to Hong Kong for funding
Tax perks and access to Africa await foreign investors.
ZA Bank to give out cash equivalent to 1 Bitcoin
You can earn points by doing crypto investment related activities in the app.
Nanyang Commercial Bank warns against fraudulent websites
It has reported the case to authorities.
BEA teams up with GRCB to expand WMC southbound business
GRCB is BEA’s first WMC partner bank outside the BEA group.
MPF Ratings records best annual result in 4 years
An extra $102.4b of investment returns were gained in 2024.
Hong Kong central bank warns against unauthorized finance firm
The firm reportedly does not have authorization to take deposits.
BEA saves 553,000 hours in processing time with UiPath
The bank has 77 attended automations as of December 2024.
Bank of East Asia foresees ‘moderate’ economic growth in Hong Kong for 2025
Home prices are slated to recover by around 5% in 2025, BEA’s chief economist said.
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