Hong Kong
Mox Bank launches 24/7 equities and fund trading services
Customers can invest as little as HK$1.
Hong Kong’s mortgage demand rose 36.8% in January
Loans for brand new and resale residential properties registered double-digit increases.
Hong Kong’s total loans, deposits fall in January
This reflects fund outflows from corporates, says the Hong Kong Monetary Authority.
Hang Seng Bank expresses support of budget measures for SME, financial market
Amongst initiatives were the advancement of digital finance and support for SMEs.
StashAway launches wealth management offering for Hong Kong’s HNWs
HNW clients make up 65% of StashAway’s AUM in the city.
ZA Bank officially unveils US stock trading service in Hong Kong
The bank charges a trading commission of US$0.012 per share.
Mastercard, Octopus enable contactless payments in 180,000 HK touchpoints
Travelers will be able to use their Mobile Octopus across all MTR routes.
Hong Kong’s BEA launches WMC 2.0 Southbound services
BEA offers 250 eligible fund products under the expanded WMC scheme.
Hong Kong’s BEA expected to withstand asset quality strain in 2024: analyst
BEA’s reduced exposure to China’s commercial real estate sector is a positive.
Bank of East Asia unveils mobile app with personalised interface
Users can create shortcuts for frequently performed tasks and can avail of rewards.
HSBC Hong Kong shines at ABF Retail Banking Awards
The bank has been a digital and transformation pioneer in the industry.
Hong Kong’s BEA reports 5.5% lower profit in 2023
Basic earnings per share is HK$1.32, unchanged from a year ago.
Hang Seng profits up 58% to $2.28b in 2023; Dividend is HK$6.5 per share
A fourth interim dividend is HK$3.2 per share.
Hong Kong’s credit card issuers advised to seek more merchant deals
Most issuers focus more on onboarding card users, the study found.
BOCHK warns of phishing emails
It has reported the case to Hong Kong authorities.
Citi names Joy Cheng as head of Hong Kong commercial bank arm
Cheng brings 30 years of banking experience to the role.
Hong Kong mulls raising deposit protection limit to HK$800,000
The raise is 60% higher than the previous protection limit of half a million dollars.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
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