Financial Services
Hong Kong to adopt bankruptcy system
Hong Kong to adopt bankruptcy system
The system would give companies a window to restructure their debt.
HKMA cuts base rate to 0.86%
It had already slashed the rate to 1.5% earlier this month.
Hang Seng Bank to reopen nine branches
Three in Hong Kong Island, three in Kowloon, and three in New Territories.
Citigroup names Loretta Ko as Hong Kong financial institutions head
She was formerly with Banco Santander where she held the same position.
Bank of East Asia Foundation ups COVID relief to $3m
Partner NGOs will distribute sanitary packs and necessities in Hong Kong.
Standard Chartered consortium unveils Hong Kong virtual bank Mox
It will launch Asia’s first numberless bank card when it launches later this year.
Bank of East Asia to review its portfolio
This follows after its profits were nearly halved in Q4 2019 due to losses.
Standard Chartered's earnings recovery to be delayed by COVID-19: S&P
The group’s target 10% RoTE will likely be delayed beyond 2021. Standard Chartered Bank’s performance for the first half of 2020 will be dragged by...
Check out Hong Kong's top fintech deals from 2015-2019
Online brokerage firm Futu Holdings raised $1.13b (US$145.5m), the largest deal since 2015.
HSBC Life floats new QDAP mobile app
The app will help clients on early retirement and tax savings.
Hong Kong's fintech investments hit $2.92b in 2019
WeLab $1.21b funding round was the largest fintech deal for the year.
Bank of East Asia's profit plunges 49.9% to $3.2b in 2019
The decline was attributed to an increase in impairment losses in Mainland China.
HSBC staff have qualms over bank's revamp
The bank’s commitment to the overhaul was questioned due to Quinn’s interim status.
HSBC profits crash 53% to $46.64b in FY2019
A goodwill impairment of $56.74 (US$7.3b) dragged down their profits.
Can Ping An Bank weather weakening interest rates?
Its retail lending clients are less sensitive to borrowing rates..
HSBC to shed $100b in assets in massive revamp
About 35,000 jobs may be axed over the next three years.
ZA Bank cools off price war talks: report
It offers an introductory deposit rate of 6.8%.
Read Here
Advertise
Sign Up
