Financial Services
SFC slaps $2.4m fine on FWD Life
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.
Hong Kong's open banking movement lures interest beyond retail clients
SMEs and corporates also acknowledge the merits of the pivot.
HSBC installs ‘dementia' specialist staff in Hong Kong
They will assist the elderly with their finances.
Banks make do with falling loan growth as earnings lifeline
Gains from Chinese business will remain muted.
Hang Seng Bank beefs up fintech capabilities in Tencent tie-up
They will develop a remote account-opening solution.
Hong Kong to license first online-only insurer in December
The pioneer will be part of the new fast-track system.
Banks' loan growth eases to 2% in October
This represents the fourth straight month of decline.
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