Financial Services

Foreign currency reserves hit US$422.1 in November

The reserve assets represent more than seven times the currency in circulation.

Expect Mainland China to buoy the banking sector next year

As such, more companies are seeking professionals fluent in Mandarin.

Hong Kong inks fintech deal with Dubai

It aims to facilitate financial innovation between the two markets.

FinTech Association launches guide on ICOs

It aims to help entrepreneurs who are looking at token sales to raise funds.

Banking system outlook up to stable from negative: Moody's

Thanks to global economic growth and favourable monetary conditions.

Banks apply tech, data analytics to combat money laundering

One of the major amendments is to leverage technology on non-face-to-face account opening.

Relax, robots are not out to take your banking jobs

Robotics mostly serves as a stop-gap measure to overcome flaws in tech infrastructure.

Fintech will go mainstream in Hong Kong by 2018: KPMG

The industry is entering a new era of Smart Banking.

HKMA launches fintech supervisory chatroom

It seeks to provide early-stage feedback on fintech proposals.

Hong Kong slaps HSBC with $51m fine for Lehman-linked products sale

The $51m penalty was the most expensive sanction imposed on a financial firm.

Half of Hong Kong workers have insufficient savings

Hong Kong workers are most vulnerable to income loss resulting from illness or disability.

Hong Kong's bail-in system is most advanced in APAC

Its new bank resolution regime was only introduced in July.

Hong Kong CFOs onshoring services as complaints rise

And half said they’d shut their off-shore location completely if they could find the workers locally.

Hong Kong Smart City Consortium bags Tekes partnership

The two collaborate on smart city projects and potential funding.