Financial Services
Local lenders jostle for market share as Chinese banks encroach into home turf
Local lenders jostle for market share as Chinese banks encroach into home turf
Mainland-owned banks accounted for 38% of system assets and deposits by 2017.
SFC laments underperforming bank IPO sponsors
It is enhancing sponsor standards in order to reclaim the global IPO crown.
Robo-advisory platform Quantifeed raises US$10m in series B round
The proceeds will be used to fuel its expansion plans.
Digital bank Neat scores US$2m from Dymon Asia and Portag3 Ventures
The proceeds will be used to boost onboarding and hiring processes.
Will the lack of mega-IPOs push Hong Kong out of the global IPO rankings?
With total funds raised at $54.8b, Hong Kong holds the fifth spot in the global IPO league.
Hong Kong nine-month IPO proceeds balloon 174% as pipeline looks fit to burst
The proceeds from share sales hit $240b as of Q3.
Bank loan growth slows to 8.4% in August as business sentiment sours
Domestic financing and mortgages took a beating.
OCBC Wing Hang Bank kills $425.9m sale of Hong Kong Life Insurance
The closing conditions have not been met in time.
Faster Payment System goes live
Customers can now make and receive real-time payments.
Approved mortgage loans up 7.7% to $47.7b in August
The number of mortgage applications also rose 26.3% to 17,963.
Hong Kong ends era of cheap money after hiking base lending rates to 2.5%
Banks are widely expected to hike prime rates soon.
Hong Kong set to vault to the top of global IPO league with $300b haul
A strong Q3 performance has boosted expectations of the SAR taking the top spot.
Hong Kong mulls remote bank account opening in the Mainland
Facial recognition technology and biometric methods may be used.
HKD posts largest growth in 15 years as liquidity tightens
The local currency climbed by as much as 0.63% to $7.793 against the USD.
Credit card transactions up 15.4% to $137.3b in Q2
The number of credit cards in circulation hit 20.06 million.
Hong Kong doubles down to capture the green finance opportunity
Around 15 green bonds with an aggregate size of US$8b were issued in H1.
Chinese medical firm Wuxi AppTec files for Hong Kong IPO after Shanghai float
It raised $2.58b in its listing earlier this year.
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