Financial Services
Credit card transactions up 15.4% to $137.3b in Q2
The number of credit cards in circulation hit 20.06 million.
Credit card transactions up 15.4% to $137.3b in Q2
The number of credit cards in circulation hit 20.06 million.
Hong Kong doubles down to capture the green finance opportunity
Around 15 green bonds with an aggregate size of US$8b were issued in H1.
Chinese medical firm Wuxi AppTec files for Hong Kong IPO after Shanghai float
It raised $2.58b in its listing earlier this year.
Hong Kong loses to Singapore in ease of corporate compliance
The SAR ranks seventh in APAC whilst the Lion City is second.
HSBC steps up Hong Kong and Singapore hiring to cash in on Asian goldmine
The bank is planning to add over 1,300 positions by 2022.
SFC slaps Huatai Financial Holdings with $800,000 fine over short selling failures
The stock broker short-selled bonus shares.
Hong Kong launches Faster Payment System in Smart Banking push
Consumers will soon be able to transfer funds instantly and without cost.
Tighter oversight pushes Chinese life insurers premiums down 24% in H1
Sales of short-term savings product were hit.
Wealthtech firms poised to snap up to 10% of wealth manager assets
Robo-advisors are steadily luring the tech-savvy mass affluent.
Bank of East Asia steps up tech partnerships to capture Mainland market
The bank has already tied up with four tech companies.
Hang Seng Bank enhances capabilities of AI-powered chatbot
‘HARO’ can now help customers manage their personal finances.
China's ultra rich set to boost Hong Kong wealth assets by 50% in 2023
HNWIs from the Mainland are edging out AuM from other APAC markets.
Hong Kong inks fintech cooperation deal with Brazil
The two central banks will share information and lead joint innovation projects.
Hang Seng Bank launches all-in-one payment collection service for merchants
Merchants may soon accept several payment methods through one integrated point-of-sale terminal.
Number of mortgage accounts up 7.6% to 532,000 in Q2
The number of mortgage inquiries also hit a three-year high.
Millennials drive credit card growth as average balance hits $39,000 in Q2
They hold a fourth of the city’s total card balances.
Fosun International to list Club Med unit in Hong Kong
The company plans to raise up to US$700m.
Read Here
Advertise
Sign Up
