Financial Services

Hong Kong poise for insurtech growth in 2018

Chatbots, e-claims, and online sales await expectant clients.

Smart card Octopus' dominance dampens Hong Kong's mobile payments growth

Smaller e-payments players are finding it hard to gain traction against the ubiquitous card.

Hua Medicine targets IPO amidst wider market access for biotech firms

The deal for the Shanghai-based diabetes drug developer could raise as much $300m.

Hong Kong amongst economies most vulnerable to banking crisis

The Asian financial centre has one of the worst credit-to-GDP gaps globally.

Chinese fashion retailer GXG mulls $300m Hong Kong IPO

The brand is backed by Louis Vuitton’s private equity firm L Catterton Asia.

Dollar depreciation may trigger slowdown in housing market

The ratio of HIBOR-linked new mortgage loans on floating rates has dipped to 86.2% in January.

HKMA may offer extra Exchange Fund Bills to halt dollar decline

The currency plummeted to a thirty-year low at $7.83 level on Tuesday.

Mercedez-Benz dealer mulls $800m Hong Kong relisting

Lei Shing Hong reportedly plans to list in the second half of the year.

Hong Kongers prefer mobile wallets despite glitches over call centres and OTC banking

They welcome the convenience and all-day accessibility of digital alternatives.

Slashed tax duties but no cash handouts for Hong Kong despite staggering surplus

The budget address disappointed residents waiting for a repeat of the 2011 handout scheme.

Hong Kong loans grew 16% in 2017 amidst soaring property prices

It posts one of the largest loan growth in Asia, easily beating Singapore, Thailand, Indonesia and Malaysia.

Hong Kong inks fintech cooperation with Switzerland

It lays out a bilateral mechanism for companies entering one another’s markets.

Hong Kong bosses prefer to upskill than hire to combat market disruption

31% aim to leverage the expertise of other businesses by partnering with digital agencies.

3 in 5 executives laud government fintech initiatives

They belive it is key to maintain Hong Kong's financial dominance.

Prime rates will not immediately rise after Fed hike: OCBC

Banks have enough money to delay its implementation.