Hong Kong
Banks urge Hong Kong staff to work from home after travels from China
Global banks are stepping up their measures amidst the coronavirus scare.
Banks urge Hong Kong staff to work from home after travels from China
Global banks are stepping up their measures amidst the coronavirus scare.
Chart of the Week: Hong Kong card payments to hit $7.67b by 2023
The number of card payments is expected to hit 1 billion in 2020.
Hong Kong's ZA Bank offers 6% introductory rate for deposits: report
The virtual bank’s rate is said to have outpaced the big traditional players’ offers.
Economic downturns threaten HSBC profits, restructuring: analysis
Low confidence levels could reduce demand for credit and lending and revenue growth.
Hang Seng Bank names Yeo Chee Leong as new chief risk officer
He previously served as head of wholesale credit and market risk for two years.
Hong Kong virtual banks to make up 2-3% of total deposits by 2020: report
They are expected to attract “tens and thousands of customers" each.
Citibank rolls out one-stop mobile account app
Applications can be completed in a minimum of 10 minutes.
DBS Hong Kong launches fully virtual wealth management account
Customers can now set-up a multi-currency savings and wealth management account through their smartphones.
Bank of East Asia forges digital banking partnership with five firms
Customers can apply for loans and purchase products online in these platforms.
Hong Kong bank profits may take hit amidst protests: report
Asset quality will also weaken, according to analysts.
Hong Kong cuts banks' capital buffer as protests persist
This releases an additional $25.5b into the economy.
Approved mortgage loans in Hong Kong dipped 2.8% in August
The number of mortgage applications also fell by 26.5%.
Incumbent lenders rethink business models in race against virtual banks
ZhongAn International, the company behind one of the city's virtual banks, weighs in on the opportunities and challenges ahead.
Hong Kong bank loans up 3.6% in July
The subuded pace of growth is expected to be maintained for the rest of the year.
Citi API connectivity platform hits over 150 million API calls
The bank has also moved over $26b for clients using a set of over 50 unique APIs.
Asian banks race against time to shake up payments scene
The rise of virtual banks is intensifying competition in an already crowded arena.
Virtual banks threaten to take a bite out of Hong Kong's small players
Banks can expect fiercer competition on the lending and deposit fronts.
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