Financial Services
Hong Kong and Singapore private banks wage war for wealth managers to lure Asia's crazy rich
Hong Kong and Singapore private banks wage war for wealth managers to lure Asia's crazy rich
Banks are willing to offer pay hikes between 30-45% to secure the best talent.
Hong Kong's aggregate balance expected to hold above $50b in end-September
The HKMA drained further liquidity after buying $14.57b last week.
What are the key risks to buoyant Hong Kong banks?
Intricate Mainland ties are both boon and bane.
World's largest lithium metals producer files for Hong Kong IPO
Ganfeng Lithium plans to raise up to US$1b in its flotation.
Bank lending slows to 9.5% in July amidst threats of higher borrowing costs
This represents the slowest pace of growth in over one and a half years.
Approved mortgage loans rally 9% to $44.3b in July
This comes from a mild 4.8% growth in June.
Chinese payment service firm Yeepay eyes Hong Kong IPO
Its planned share sale could raise about US$200m.
Standard Chartered sets up new entity to support virtual bank ambitions
Deniz Güven has been appointed as its CEO.
Citi Hong Kong unveils senior appointments to consumer banking unit
The heads of insurance as well cards and unsecured business have been appointed.
Bank of East Asia's half-year profit surges 25.9% to $3.99b
Earnings were boosted by net fee and commission income growth.
Currency peg defense pushes aggregate balance down to $91b
The central bank is expected to make purchases that will drain liquidity further.
Hong Kong-Shanghai bond connect implements delivery versus payment system
Bond payments are due at the time of delivery.
SFC slaps $2m fine on HPI Forex Limited
The company used client money to conduct proprietary transactions.
Close Chinese ties raise Hong Kong banks' compliance risk
The SAR already faces medium-high money laundering risk.
Is the Asian wealth race shifting away from Singapore and Hong Kong?
Wealth managers are shifting to cities like Jakarta, Shanghai and Manila.
HKMA slaps $5m fine on Shanghai Commercial Bank over money laundering breaches
SCOM failed to monitor its relationship with 33 customers with suspicious transactions.
Can China's payment titans crack Hong Kong's mobile wallet market?
AlipayHK users have doubled to 1.5 million since March.
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