Financial Services
Hang Seng Bank beefs up fintech capabilities in Tencent tie-up
They will develop a remote account-opening solution.
Hang Seng Bank beefs up fintech capabilities in Tencent tie-up
They will develop a remote account-opening solution.
Hong Kong to license first online-only insurer in December
The pioneer will be part of the new fast-track system.
Banks' loan growth eases to 2% in October
This represents the fourth straight month of decline.
Hong Kong finance M&As plunge to US$1.15b YTD amidst Beijing crackdown
This could mark the lowest possible deal volume in 13 years.
Hong Kong beats Tokyo and Singapore to rank as Asia's top finance location
Its dominance, however, may be challenged by deepening trade tensions.
Exchange Fund recovers from massive hit amidst $1.6b gain in Q3
However, performance is likely to remain subdued amidst forex losses.
Hong Kong fintech investments more than doubled to US$550m in 2017: FS Chan
The level of investment exceeds that of Singapore, he says.
Faster Payment System processed 1.58 million transactions in October
The value of Hong Kong dollar-denominated transactions hit $33.29b.
Do banks have reason to fear as Chinese lending accelerates?
Mainland Chinese exposure accounted for nearly a third of total assets.
Bank loan growth may halve to measly 3% in December
The steep decline is partially due to higher interest rate environment.
Asia's ultra wealthy stoke Hong Kong and Singapore's family office boom
The number of newly built offices may have grown 15% in first three quarters of 2018.
Blockchain-powered trade finance platform goes live
eTradeConnect will digitise the paper-intensive process.
Bank of East Asia debuts trade finance services on blockchain-powered platform
It will be available on eTradeConnect.
Singapore beats Hong Kong in Asia's open banking readiness rankings
The SAR still needs to work on extending APIs for banking needs.
Hong Kong beefs up e-wallet identity verification
Enhanced security features include two-factor authentication process.
Hong Kong suspends e-wallet top-ups amidst fraud reports in blow to Smart Banking push
Customers were hit by a combined loss of $180,000.
HSBC Hong Kong launches fund transfer service with Lu International partnership
It cuts transfer time from 1-3 days to within the same day.
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