Hong Kong

Citi Hong Kong unveils IADS-powered Wealth 360 

Citi Hong Kong unveils IADS-powered Wealth 360 

Customers can view their deposit accounts across different bank in one place.

DBS Hong Kong has sufficient buffers for property downsides

The bank is expected to maintain strong capitalisation and profitability.

Siam Commercial Bank names new wealth management head

He is tasked with driving SCB’s goal to be the #1 digital bank in WM.

Hong Kong Mortgage Corp names Colin Pou as new CEO

Pou, who is an executive director at HKMA, will be seconded to HKMC.

ZA Bank unveils payroll service with limited-time coupon

With the coupon, users can earn HK$1,775 in interest for a 90-day period.

China CITIC Bank warns against fraudulent website and emails

It has reported the matter to authorities in Hong Kong.

DBS HK fined US$1.28m for anti-money laundering, review lapses

The bank failed to conduct due diligence in ‘high risk situations’ from 2012 and 2019.

Hang Seng Bank sets benchmark in digital currency innovation with top honours at ABF Fintech Awards 2024

The Bank receives Digital Currency Award for its role as a leading advocate of central bank digital currency, through a hypothetical e-HKD-based e-Wallet prototype and demonstration of associated use cases.

Hong Kong banks ramped up hiring but investment bankers laid off

Trade and private bankers are most in demand, although banks are cautious.

Hong Kong banks face mixed outlook with expected rate cuts in 2024

Credit risk management will be a key concern for banks amidst fluctuating interest rates.

Endowus Private Wealth offers HK investors access to 400 fund strategies

Over 400 fund strategies are made available to Endowus clients. 

Mortgage applications in HK fall 16.1% in May

However, the value of mortgages approved rose by 8.8%, according to official data.

Total deposits in Hong Kong up 1.1% in May

Loans registered a decline, however, according to central bank data.

Dah Sing Bank unveils multi-currency debit card

It covers 11 currencies and has no annual fee.

Property and transport loans drag down Public Bank HK’s profits

Minibus and taxi licenses made up over 40% of PBHK’s loans.

Citi names HSBC banker as head of corporate banking in Hong Kong

Matthew Hung is head of corporate coverage for HSBC’s operations in the city.

Hong Kong sees 9.1% uptick in credit card spending in Q1

There were fewer transactions, but the value went up.