Financial Services
Hong Kong trails behind Singapore in ease of bank account opening for non locals
Startups, SMEs and foreign nationals lament the inefficiency.
Hong Kong trails behind Singapore in ease of bank account opening for non locals
Startups, SMEs and foreign nationals lament the inefficiency.
IPO loans boost bank lending by 0.9% in June
IPO loans were estimated at $15.3b.
Approved mortgage loans down 4.8% to $40.6b in June
However, the number of applications continued to rise to 14,579.
Hong Kong's asset and wealth management business hit $24.27t in 2017
The private banking unit and fund advisory business performed strongly.
Citibank Hong Kong boosts API ecosystem with three new partnerships
Watsons, EGL Tours and Fortress will integrate Citi Pay with Points API into their platforms.
Over 60 applicants scramble for a Hong Kong virtual banking license
This includes Standard Chartered Bank and online loan platform WeLab.
Exchange Fund income plunges 80% to $23.9b in H1 amidst trade worries
The fund’s total assets hit $4.1t.
SFC slaps HSBC Broking Securities with $9.6m fine
The firm failed to conduct due diligence in a bond sale between 2015 to 2016.
Grant ceiling for SME fund doubled to $1m
The changes would kick into effect by August 1.
Hong Kong's private banking assets hit $7.81t in 2017
More than half of total assets came from overseas locations.
Hong Kong launches Open API framework for banks
The central bank hopes that lenders start deploying open APIs within six months.
Hong Kong to launch blockchain-powered trade finance platform in September
This involves the participation of the central bank and seven other lenders.
MetLife Hong Kong bags three accolades at Insurance Asia Awards 2018
They recognised the firm's insurtech integration.
Hong Kong bourse brushes off Shanghai and Shenzen dual-class share ban
Access to WVR firms has been banned amidst a reported lack of understanding of the new reform.
Transfer pricing law gazetted
It ensures that the concessionary tax regime meets international standards.
Taipei-listed post-production house plans Hong Kong IPO
VHQ Media Holdings believes a local listing will boost its Chinese growth prospects.
SFC slaps $4m fine on Citi's Asia unit for 'dark pool' breaches
Over 130 clients were able to access ALP without proper assessment.
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