Financial Services
Hong Kong green lights first Bitcoin, Ether EFTs
Hong Kong green lights first Bitcoin, Ether EFTs
So far, three offshore fund managers said they will launch virtual asset management services soon.
HKMA, HKAB anti-scam initiative strengthens with more sectors joining efforts
Over 200 financial institutions and merchants have partaken in the new charter.
Hang Seng Bank announced HK$3b share buyback programme
Independent broker Merril Lynch will execute all buybacks.
DBS Hong Kong announces HK$350m green loan with Kwoon Chung Bus
This is the bank’s second SLL loan with the company.
Ripple to issue US-backed stablecoin to bring more liquidity to XRP Ledger
The cryptocurrency will initially be available on XRP Ledger and Ethereum blockchains.
Bonuses surge for Hong Kong financial professionals
Managing directors in Hong Kong received an average bonus of $3.5m in 2023.
DigiFT navigates Hong Kong expansion with fresh leadership
The firm appointed a new CEO and managing director.
BOCHK profit soars 28% YoY to $34.86b in 2023
With improved profit, the bank proposed a 23.2% YoY higher dividend per share.
Mortgage loans value drop 15% MoM to $17.9b in February
The outstanding value of mortgage loans remained virtually unchanged at $1.85t.
BEA advances in sustainability with $71b GSF loans and ESG bond investments
The bank also recorded a 31% drop in emissions.
Government boosts working family allowance rates by 15%
The increase will take effect in April.
Millennials are financially savvy but fall short on planning: report
Six in 10 millennials make financial decisions based on research.
IFEC launches a financial education fulcrum for Hong Kong citizens
The hub seeks to enhance Hong Kong citizens’ financial well-being.
UOB’s Christine Ip reflects on 3-decade banking career and circling back to the arts
Ip believes that finance and creativity go hand-in-hand in building a holistic pool of talents in UOB.
Fintech startup streamlines SME credit assessment for banks through AI
With InRiskable, banks can assess SMEs’ credit risks with 80% less time and 97% accuracy.
HK enables retail investors to trade tokenised securities, boosting Web 3.0 growth
Prospectus and public offering regimes govern tokenised securities.
Gov’t proposes a $500b borrowing ceiling for bond schemes
The government will move the resolution to the legislative council on 17 March.
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