Hong Kong

Hong Kong, Macau establish direct link for bond clearing and settlement

Investors in Macao and Hong Kong will benefit from the arrangement.
3 days ago

Hong Kong, Macau establish direct link for bond clearing and settlement

Investors in Macao and Hong Kong will benefit from the arrangement.
3 days ago

SCB taps Baker & McKenzie for inheritance asset legal support

The partnership aims to provide clients with legal and tax advisory services.
3 days ago

HKMA suspends banker for signature forgery on deposit form

He photocopied a customer's signature on a time deposit application form.

Hong Kongers seek digital channels, F2F meetings in wealth mgmt services

Nearly all use digital channels, yet nearly half still employ face-to-face meetings with advisors.

WeLab Bank served as official digital settlement bank for Dear Girlfriends subsidy 

The program granted HK$3,300 cash subsidy to over 18,500 female students.

Hang Seng Bank taps Derek Ngai as new head of audit

Ngai was head of audit for Hong Kong and Macau at HSBC.

HK-listed Chinese banks deliver 23% higher returns in 8M 2024

Major banks’ plans to distribute interim dividends lifted market sentiment.

CashOn to explore digital currency lending matching services

It signed a strategic cooperation memorandum with Wuxi Huishan (Shenzhen) Innovation Center.

Hong Kong fines WeChat Pay HK for legal breaches

WeChat Pay Hong Kong self-reported the case.

HSBC Singapore names James Coyle as independent non-exec director

Coyle had previously served on the boards of HSBC UK and HSBC Trust.

Higher deposits, wealth buoy BOCHK to 17.9% profit rise in H1

Interim dividend for the period is HK$0.57 per share.

HKMA launches sandbox to accelerate tokenisation adoption

The sandbox will facilitate interbank settlement using experimental tokenised money.

Bank of East Asia seen to cut commercial real estate over the next two years

The bank has shifted its focus from real estate to manufacturing, retail trade, and technology.

HSBC’s net profit down 2% to $17.7b in H1; dividend is $0.10

Gains from the sale of its Canada and France businesses were offset by impairments.

Bank of East Asia logs HK$2.1b profit for H1

Ongoing commercial real estate (CRE) concerns led to the 19.9% decline.