Financial Services

Hong Kong banks' risks from property exposure still "manageable": Fitch

Mortgage loans of Hong Kong banks only totalled US$144b in 2016.

Tax professionals urge Hong Kong to waive property stamp duty

They also call for tax deductions for companies hiring young people.

Why China insurers are suddenly flocking into Hong Kong

Insurers are the biggest gainers in the Hang Seng China index.

Chinese ATM usage up 23% in 2015

The number of ATM cash withdrawals worldwide increased 10%.

HKMA alerts consumers of bogus bank apps

It was regarding a fraudulent mobile app linked to Wing Lung Bank.

Hong Kong issues alert on bogus banking apps

These apps are under the guise of Wing Lung Bank.

Hong Kong banks still well capitalised despite poor profit outlook

Total capital ratio came in at 19.4% in September 2016.

Hong Kong banks to cut down lending to Chinese SOEs

The sector is suffering from its mainland exposure.

Genuine startups and entrepreneurs being turned away by HK banks

Hong Kong has strongly built a reputation as a world-class business centre: not only is it one of the largest financial centres in the world, but it...