Hong Kong
Bank of Singapore warns against fake app
It has reported the link and app to the police and regulators.
Bank of Singapore warns against fake app
It has reported the link and app to the police and regulators.
Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
HKMA preparing law amendments for proposed two-tier bankings system
The central bank has published results of its consultation and new parameters added.
HKMA rules out new virtual banking licenses
Competition is keen in the market and enquiries have declined.
HK virtual banks' record 2.2 million depositors by end-2023
Hong Kong's eight licensed virtual banks experienced modest growth over the past three years.
Fusion Bank unveils business loans with up to $5m financing
One loan is for businesses at least three years old.
Mox Bank opens platform to crypto-related investing
Mox Invest users can access and invest in crypto ETFs.
HKMA proposes simplification of three-tier banking system
It aims to simplify DTCs to second-tier institutions.
Less Hong Kong SMEs find credit approval more difficult in Q2
But more SMEs now find securing debt “easier” as well.
Hong Kong banks expand fraud alert system to retail transactions
Customers will receive alerts for “high fraud risk” fund transfers, amongst others.
Hong Kong, China ink MOU for linkage of fast payments systems
Central bankers also discussed financial cooperation between their markets.
ZA Bank enables users to earn 8% p.a. Savings rate by walking daily
Users must complete fitness challenges in August.
Hang Seng Bank’s profits up 1% to HK$11.3b in H1
Net interest income and net operating income both rose.
HSBC’s profits after tax dip 2% to $17.7b in H1
The bank recognized a $1.2b impairment for the sale of its Argentina business.
BOCHK to conduct system maintenance on 4 August
Some services will be unavailable until 12NN.
Eddie Yue reappointed chief exec of Hong Kong central bank
His annual fixed pay is $7.4m for the five-year term.
CashOn launches digital currency lending matching platform in Hong Kong
CashOn connects customers to licensed financial institutions.
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Technology to underpin future of financial services
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Banking Technology
Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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