Financial Services

Businesses lost over $1.18b due to hidden exchange rate markups

There were hidden exchange rate markups when sending cash overseas.

Prepare to go cashless or pay the price

One in three consumers will abandon a purchase if they cannot pay for it digitally.

Around 5 of 10 FIs use robotic process automation

This is expected to grow as 31% plan to adopt RPA in the next 6 months.

Hong Kong proposes tax reduction for 2021/22 assessment

The tax measure will cost the government $14.3b and will benefit 2.01 million taxpayers. 

HK likely to be a green financing hub: HKGFA

It compared HK's sustainable infrastructure financing with Australia and Singapore.

Greater Bay Area financial services continue to flourish: PwC

Businesses held up well despite the pandemic, the report said.

Hong Kong is the top international financial centre in Asia—survey

Survey respondents also saw Hong Kong as a gateway to mainland China.

RML in negative equity see increase to 21 cases in December 2021

The increase was attributed to bank staff housing loans.

HSBC Life opens online application for insurance plan

Eligible customers who will apply online can get a 20% first-year premium discount.

HSBC reveals senior appointments for IWS division

Wei Mei Tan and Michael Wong will see their roles take effect immediately.

StanChart’s HK workforce operates in split teams anew

The new arrangement came after the implementation of stricter measures in HK.

DBS Hong Kong, Haier Group sign $3.11b ESG-linked loan

The group will commit to reducing its energy consumption per business unit.

HK has 3rd highest adoption rate of neobanks: EY survey

The city ranked behind Germany and Mainland China.

Standard Chartered nabs an award in the Wealth Banking category at the HKB Greater Bay Area Enterprise Awards

The bank accelerates market influence to boost its brand and thought leadership in the region. 

Hang Seng, HKTDC form one-stop digital solutions platform

InnoClub will provide solutions in three focus areas.