Financial Services
Hong Kong-based wealth clients probed for pro-democracy ties
"Politically exposed persons" can have a hard time accessing banking services.
Debates arise on security law's effects on Hong Kong finance sector
Is there really a capital exodus from Hong Kong to Singapore?
Meet ZA Bank, Hong Kong's first virtual-only lender
The bank’s slogan of co-creation belies a strong charm offensive of attractive deposit rates.
Federated Hermes questions HSBC's support for security law
The firm expects companies to back moves supporting human rights.
How FDT is modernising the trust scene
FDT is behind Asia’s first Rapid Settlement and Clearing Network (RSCN).
Bank transfers, digital wallets spur e-commerce market
The two methods are rising at CAGR of 12% and 11%, respectively.
Standard Chartered and HKTDC roll out market survey
The survey will look into business sentiment across the Greater Bay Area.
Insurtech OneDegree upgrades pet insurance
Enrollment age limit for pets has been raised to 11 years old.
Manulife Hong Kong pilots virtual sales platform
Products will be available to customers starting 15 June.
Hong Kong virtual bank Airstar launches services to the public
The bank offers savings, time deposit, and personal loan products.
HSBC rebuked by US state secretary for backing China security law
The lender, along with Standard Chartered, has already been chided in Britain.
Mad dash for offshore accounts amidst security law
HSBC and Standard Chartered have seen high surges in enquiries.
HKMA, banking industry launch job programme
It offers 300 roles for students graduating in 2020 with a bachelor’s degree.
UnionPay, Bank of Communications remove cross-network ATM withdrawal fees
The exemption also covers customers in Macau.
Local finance firms lead in AI but regulations hinder growth
58% of financial firms in the city will utilise AI next year.
HSBC sees significant growth in new APAC wealth arm
Double-digit growth is on the horizon over the next three years.
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