Hong Kong

BEA unveils i-Pay mobile payment service

Can be used with any smartphone and on any network.

Hang Seng teams up with CSL to boost mobile payment service

Upgraded service to be available early next year.

Hang Seng Bank is first Hong Kong bank with RQFII ETF

Fund will be listed on Hong Kong Stock Exchange November 26.

What you should know about lifting the offshore conversion cap

The People’s Bank of China (PBoC) is likely to lift the RMB 20,000 daily limit on currency conversion for Hong Kong residents, according to the Hong Kong Monetary Authority’s chief executive Norman Chan. As we have long argued, the removal of the conversion cap is crucial to further facilitate the growth of the Hong Kong’s offshore RMB market (see “It’s time to review the personal conversion quota” 3 Apr 2012, and “How will HK maintain its RMB edge?” 25 Oct 2012).

HKMA approves ownership bid for HK-based Philippine bank

LT Group Inc. becomes majority owner of Allied Banking Corp.

Hong Kong banks' total deposits inched 2.9% higher

Thanks to an increase in the monetary base.

Hong Kong has 30 billionaires

Most originally came from the mainland, however.