Financial Services
Here are five bad habits in insurance according to HK’s insurance regulator
These habits drag down Hong Kongers insurance literacy rate.
Bosideng bags US$35m sustainability-linked loan from DBS Hong Kong
This marks the largest sustainability-linked loan in Asia.
A mid-life crisis: More than 1 in 2 middle-aged Hong Kongers unprepared for retirement
43% even said that they had to reduce retirement contributions since the COVID-19 pandemic.
Foreign currency reserves down to US$441.7b in July
This is over US$5m lower from the preceding month.
Finance ministry to issue 10-year RMB sovereign bonds
The bonds total RMB1b.
Hong Kong receives fewer insurance-related complaints in H1
Complaints about conduct have the most significant number.
HK’s funds industry needs to assess climate-related risks ahead of new deadlines:PwC
New SFC guidelines will enter into force on 20 August.
Positive experience boosts Hong Kong’s retirement mastery index score
The city’s score went up from 4.8 to 61.1 in the Sun Life Retirement Mastery Index.
HKMA raises its base rate to 2.75%
The new rate took effect on 28 July.
DBS issues $107m (HKD210m) 3.47% notes due in 2024
The notes will be listed in the bonds market on 26 July.
Hang Seng issues $100-m green trade facility for Leo Paper
This marks the first green trade facility for Hong Kong’s paper and printing industry.
Swap Connect to be built for HK, China's financial markets
It will debut in six months.
What do Hong Kongers buy after getting a loan
Over 33% use a loan to purchase property.
HSBC pulls plug on Hong Kong-based trading startup Serai
The startup said it has been ‘difficult to build a commercially viable business’.
How did Hong Kong’s insurance industry fared in its first quarter?
The industry showed only flat growth across both long-term and general business.
Hong Kong ranks 2nd in the world in play-to-earn gaming adoption
At least two in five Hong Kongers have used play-to-earn platforms.
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