Financial Services

Why Hong Kong will not gain much from RMB internalisation

It's currently managing over 80% of all RMB payments.

Warning issued on bogus email from ANZ Banking Group

The embedded URL links to a fraudulent website.

Mutual recognition fund platform raises hopes in Hong Kong

Hong Kong and China look forward to new liberalization initiative.

Hong Kong’s Trust Law amendment due for first reading on 20 Feb

The Trustee Ordinance and the Perpetuities & Accumulations Ordinance are under the spotlight.

HIBOR to intensify fixing mechanism: HKMA

To improve its transparency and robustness.

Mainland banks seizing more business from Hong Kong banks

Chinese banks are becoming more aggressive, said Fitch Ratings.

3 tips to plan a cost control strategy in Hong Kong

Even during good times, cost control is a vital factor for Hong Kong businesses and directly leads to savings through better working practices.

Deposits in Hong Kong banks rise 1.8%

Both total deposits and Hong Kong dollar deposits post increases in December.

Hong Kong banks to experience slight jolt from Basel III

Fitch Ratings says Basel III will not significantly alter trade finance growth.

Bank deposits rose by a measly 1.8%

Overall foreign currency deposits grew 1.6%.

HKMA warns of fraudulent website

Some fraud is pretending to be HSBC.

Hong Kong enhances ATM services security

A new security feature will take effect in March.

Mortgage loans approved in December down 37.1%

The number of applications fell as well.