Financial Services
7 in 10 Hong Kongers believe fintechs are as trustworthy as banks: survey
However, 22% admit that the former are less trustworthy than old-guard lenders.
7 in 10 Hong Kongers believe fintechs are as trustworthy as banks: survey
However, 22% admit that the former are less trustworthy than old-guard lenders.
Hong Kong banks' pre-tax profit up 19.4% in 2018
NIM rose to 1.62% from 1.45% in 2017.
Half of Hong Kongers willing to give third-party data access in open banking boost
They are more open to the tech than Australia and UK users.
Hong Kong families need at least $6.63m to cover dependents in case of death: survey
On the other hand, childless couples only need $3.29m in savings.
Where to park your money in 2019
It was an undeniably terrible year for equities, but experts are not completely writing them off in 2019.
Banks' 2019 loan growth cut to 2% as trade and mortgage loans take hit
Lending to Mainland firms has been trending downwards to 6.1% in September 2018.
SFC slaps $2.4m fine on FWD Life
The insurer failed to meet the required number of personnel with sufficient investment experience.
Up to 4% salary hike awaits tech workers in 2019
The demand will be driven in large part by fintech, as banks apply for their virtual banking licenses.
Hong Kong banks loan growth rebounds 5.2% in November
Business sentiment recovered mildly as corporates ramped up borrowing.
Hong Kong hikes base interest rates by 25 bp to 2.75%
This represents the fourth tightening in 2018.
Insurtech, hiring spree reshape Hong Kong's insurance scene
The rolll-out of the IFRS 17 calls for massive hiring of regulatory professionals.
Hong Kong banking industry needs to amp up skills on fintech and cybersecurity: study
Only 2 in 5 industry professionals have gone through fintech training courses.
More than half of Hong Kong banking professionals willing to work in GBA cities
Those employed in senior management positions are the most willing to transfer.
Investment product sales surged 34% to $508b in 2017
The double-digit growth came as Mainland firms beefed up their wealth businesses.
SFC slaps $1.5m fine on SFM HK Management over short selling violations
The fund became short of over a million shares in Great Wall Motor Company in 2015.
Hong Kong looks set to reclaim IPO crown with nearly US$300b haul in January-November
Proceeds from New York IPOs only hit US$205b as it settles for a tentative second place.
HKMA cuts down a third of virtual banking applicants
They failed to submit sufficient information on authorisation criteria.
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