Financial Services
Insurers gear for Hong Kong's $1.27b national health insurance programme
Insurers gear for Hong Kong's $1.27b national health insurance programme
The Voluntary Health Insurance System will offer $1,000 in tax benefits to lure residents.
Hang Seng Bank's profits up of 21% to $24.2b in FY2018
Their retail banking and wealth management arms account for 51.2% of the bank’s pre-tax profits.
Which bank enjoys the highest customer satisfaction in Hong Kong?
This lender occupies the top spot for the second straight year.
Hong Kong's Finance Academy to open in mid-2019
It aims to nurture financial leadership and encourage applied research in cross-sectoral areas.
BEA's profits crashed 30.4% to $6.5b in 2018
Weak investment activity hit its retail and private banking arm.
Struggling Chinese firms to lift Hong Kong banks' classified loan ratio to 0.75% by 2019
The number of defaults quadrupled to hit a record $17.68b in 2018.
Online banking scams rose threefold in 2018: HKMA
There were 62 cases of phishing last year.
Mortgage loans down 20.7% to $23.5b in December
Weakening property demand has weighed on loan growth.
Hong Kong banker bonuses drop by a fifth as stock markets fall
Some local brokers had to make do with a lai see.
Branding is the foundation that every Hong Kong startup needs to ensure success
Over the past few years, Hong Kong has established itself as one of the hottest global hubs for startups. As the region’s financial hub, as well as...
Hong Kong accounting firms digitise faster than Singapore counterparts
Around 81% of local firms use automation apps compared to 34.5% in Singapore.
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.
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