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Financial Services

Staff Reporter

, Hong Kong

Published:

13 years ago

Current climate for Hong Kong banks worse than in 2008, says Nomura

The 2008 global financial crisis was apparently better for Hong Kong banks.

A report on Reuters said, “Many analysts have become increasingly pessimistic about the Hong Kong banking sector.”

View the report here.

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Also Read

EMSD rolls out Green Welfare NGOs scheme applications

Home & Youth Affairs Bureau launches family education scheme

Top News

2024 Policy Address: HK expands investment scheme to include residential property assets

2024 Policy Address: HK expands investment scheme to include residential property assets

2024 Policy Address: HK expands investment scheme to include residential property assets

The assets must be valued at over $50m.

Markets & Investing

2024 Policy Address: Hong Kong cuts tax on liquor priced above $200 to 10% to boost trade

2024 Policy Address: Hong Kong cuts tax on liquor priced above $200 to 10% to boost trade

2024 Policy Address: Hong Kong cuts tax on liquor priced above $200 to 10% to boost trade

The previous rate was 100%.

Economy

2024 Policy Address: Hong Kong to eradicate subdivided flats under 8 square meters

2024 Policy Address: Hong Kong to eradicate subdivided flats under 8 square meters

2024 Policy Address: Hong Kong to eradicate subdivided flats under 8 square meters

Owners must convert substandard SDUs to basic housing units.

Residential Property

Foreign trade outlook dims amidst economic and geopolitical concerns: report

Foreign trade outlook dims amidst economic and geopolitical concerns: report

Foreign trade outlook dims amidst economic and geopolitical concerns: report

Hang Seng Bank forecasts a 2.8% market expansion for 2024.

Shipping & Marine

Exclusives

Genting Singapore net profit down 5% to $578.9m in FY2024

Genting Singapore net profit down 5% to $578.9m in FY2024

Genting Singapore net profit down 5% to $578.9m in FY2024

Revenue rose 5% to over $2.5b.

Zhongxin Fruit and Juice records $4m net profit in HY2025

Zhongxin Fruit and Juice records $4m net profit in HY2025

Zhongxin Fruit and Juice records $4m net profit in HY2025

However, the gross profit margin decreased to 16.3% from 18.4%.

Cross Domain [Manu + SBR + ABF + ABR + FMCG + HBR + ]

Cross Domain [Manu + SBR + ABF + ABR + FMCG + HBR + ]

Cross Domain [Manu + SBR + ABF + ABR + FMCG + HBR + ]

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Hong Kong hospitals, banks embrace relaxed data transfer rules

Hong Kong hospitals, banks embrace relaxed data transfer rules

Whilst not mandatory, they could simplify data exchange with cities in South China.

Event News

Compass Group revolutionises school meal enrolment with new mobile app

Co-Written / Partner Compass Group revolutionises school meal enrolment with new mobile app

The mobile app enhances parent interactions and streamlines operational processes.

HKB Technology Excellence Awards 2024 Winner: HSBC

HKB Technology Excellence Awards 2024 Winner: HSBC

HSBC wins Hong Kong Business Technology Excellence Award for pioneering AI and data innovation

Co-Written / Partner HSBC wins Hong Kong Business Technology Excellence Award for pioneering AI and data innovation

MTR clinched the wins at HKB Technology Excellence Awards 2024 for enabling sustainable transport ecosystem

Co-Written / Partner MTR clinched the wins at HKB Technology Excellence Awards 2024 for enabling sustainable transport ecosystem

Videos

Hong Kong patients seek faster, cheaper care in Mainland China

Hong Kong patients seek faster, cheaper care in Mainland China

Hong Kong consumers delay big purchases amidst low confidence

Hong Kong consumers delay big purchases amidst low confidence

HKB Technology Excellence Awards 2024 Winner: HSBC

HKB Technology Excellence Awards 2024 Winner: HSBC

HKB Technology Excellence Awards and National Business Awards 2024 Event Highlight Video

HKB Technology Excellence Awards and National Business Awards 2024 Event Highlight Video

View more videos