Financial Services
HKMC to launch new retirement plan products
HKMC to launch new retirement plan products
"HKMC Retire 3" brand will cover three of HKMC’s retirement plan products.
HKMA, Hong Kong banks warn public against phishing attacks
Phishing emails and messages detected in the first half were 145% higher.
CITI to provide fund services for Income Partners’ MRF Northbound Fund
It will also provide share class hedging services amongst others.
HKEX launches new funding scheme for local NGOs
It will extend some $10m for short-to-medium term local community projects.
AEON profit climbs 28.8% to $97m in Q1
This is despite a 14.4% drop in revenue.
SFC to raise standards for industry professionals
The revised guidelines will take effect on January 2022.
Here’s five focus areas of HKMA’s Fintech 2025 strategy
The HKMA eyes fully digital banks, next-generation data infrastructure and more.
The Exchange, FRC strengthen financial reports oversight
This is to ensure the quality of financial reports of listed companies is upheld.
Wealth Management Connect now in the “home stretch”: SFC
The scheme will allow cross-boundary investment in wealth products of banks in the Greater Bay Area.
StanChart unit, BC Group to create crypto-exchange platform
It will target corporate clients in the UK, and Europe.
Daily Briefing: Russia central bank governor says digital currencies are the future; OPEC to boost oil output; IMF and World Bank to prioritize vaccinations
Russia could pilot test the digital rouble next year.
Daily Briefing: US & China trade envoys meet; HSBC exits US retail banking; Australian state locks down
Trade envoys from the US and China talk on the phone for the first time since US President Joe Biden took office.
Global Strategic Group sees smaller loss at $17.46m over last half-year
The Group previously recorded a $61.06m loss in the six months to March 2020.
SFC starts granting subsidy for setting up REITs, OFCs
The scheme will operate for three years until 9 May, 2024.
No fees for loan scheme application: HKMCI
This follows reports that handling fees were being charged for false instruments.
Green finance grant scheme starts 10 May
The scheme will grant subsidies to bond issuers and loan borrowers to cover expenses.
Private Swiss bank buys BMO private bank in Hong Kong and Singapore.
The J Safra Sarasin Group completed the acquisition of the Bank of Montreal’s Private Banking Business.