Hong Kong banks

Hong Kong bankers’ exodus accelerates amidst strict quarantine rules: report

UBS recently shifted to two senior bankers and might move eight more to China.

Hong Kong bankers’ exodus accelerates amidst strict quarantine rules: report

UBS recently shifted to two senior bankers and might move eight more to China.

Banks welcome launch of Wealth Management Connect in Guangdong-Hong Kong-GBA 

BEA highlights hiring plans, whilst Citi says it will offer 100 types of wealth products under WM Connect.

HSBC exec Diana Cesar is new Hang Seng Bank chief

She will assume the post starting 1 September.

Bank of East Asia profit rebounds nearly 75% to $2.67b in H1

This increased from $1.53m in the same period last year.

Hang Seng Bank profit drops 4% to $8.76b in H1

The bank linked this to macroeconomic conditions that put pressure on its net interest margin.

Banks’ credit losses to revert to pre-COVID levels ahead of end-2022

It will likely decline faster, in light of the anticipated strong economic growth in the city.