Hong Kong
What can Hong Kong banks gain from turning away from BPOs?
Managed services may just be the way to add further value for banking customers.
What can Hong Kong banks gain from turning away from BPOs?
Managed services may just be the way to add further value for banking customers.
Hong Kong banks may lose $14.68m in net assets following HKFRS 9
Replacing the incurred credit loss model is likely to shed off around 1% of net assets.
Hong Kong banks' cost to income ratios improve despite larger digital investments
The figure dipped from 47.9% in 2016 to 42.5% in 2017.
Chart of the Week: Non-bank Chinese exposure of Hong Kong banks doubles to 15% in 2017
Fitch, however, warns against the associated risks of greater Mainland exposure.
Citi hops aboard Hong Kong's chatbot race with planned Facebook Messenger chatbot
Customers will soon be able to check account balance via the messaging app.
Standard Chartered tapped for Alipay's blockchain cross-border remittance service
It will act as the settlement bank for AlipayHK and GCash.
BOC (Hong Kong) moves to beef up private banking business
The bank aims to boosts the number of relationship managers by at least 20%.
Hang Seng Bank onboards SWIFT platform for faster cross-border payments
Payments can be credited within minutes.
HSBC to lift PayMe e-wallet top-up limit
The move aims to ease individual money transfer and purchases.
Hong Kong banks to hike prime rates by end-June
Tighter liquidity from mega IPOs will leave lenders with no other option.
US tightening buoys Hong Kong banks' profitability
Funding costs are expected to stay low, boosting NIMs.
ICBC Asia's Wang Zhi Yong discusses the role of blockchain in cash management
He also talks about the bank's efforts of tapping new technologies.
HSBC shifts into growth mode with planned $17b investment in Asia
The investment will go into the bank's China and Hong Kong markets.
Standard Chartered to apply for virtual bank license in Hong Kong
The move follows the publication of revised guidelines by the central bank.
Hong Kong banks wage war over fixed deposits as interbank lending rates surge
One-year HKD fixed-deposit rate is hiked to as high as 2%.
Heightened Mainland lending pose risks to Hong Kong banks after rising 21% in 2017
The bulk of PRC lending is geared towards lower credit quality firms like SMEs.
Blockbuster IPOs buoy Hong Kong loans 17.1% in April
The city is hosting the back-to-back flotations of Xiaomi and China Tower.
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