Hong Kong
Check out Hong Kong's top fintech deals from 2015-2019
Online brokerage firm Futu Holdings raised $145.5m, the largest deal since 2015.
HSBC targets overseas-minded customers with $1.4t wealth unit
They plan to focus on mortgages, wealth and insurance products, and unsecured lending.
Hong Kong records $2.92b in fintech investments for 2019
WeLab $1.21b funding round was the largest fintech deal for the year.
Data and automation will help Hong Kong banks survive until the next decade
Emerging technology and customer data will help banks weather low interest rates and new competition.
Bank of East Asia's profit plunges 49.9% to $411m in 2019
The decline was attributed to an increase in impairment losses in Mainland China.
HSBC staff have qualms over bank's revamp
The bank’s commitment to the overhaul was questioned due to Quinn’s interim status.
HSBC profits crash 53% to $6b in FY2019
A goodwill impairment of $7.3b dragged down their profits.
HSBC to shed $100b in assets in massive revamp
About 35,000 jobs may be axed over the next three years.
ZA Bank cools off price war talks: report
It offers an introductory deposit rate of 6.8%.
HSBC faces third major overhaul
Biggest market Hong Kong is hit with anti-government protests and the COVID-19 outbreak.
Hang Seng Bank floats relief measures for COVID-19 affected clients
Principal payment deferrals are offered for SMEs and commercial banking clients.
Hong Kong banks' earnings to remain weak as coronavirus cripple operations
Around 20-30% of bank branches will likely temporarily close or shorten operating hours.
Majority of Gen Z use credit cards: survey
They have a median balance per consumer of $555 (HKD4,316).
HSBC earmarks $3.9b in liquidity relief for businesses
It is easing borrowing terms to aid companies affected by the coronavirus outbreak.
HSBC to slash senior managerial roles, presence in smaller markets
It is part of a strategic plan by interim CEO Noel Quinn to boost the bank’s profitability.
Credit Suisse calls off Hong Kong meet over coronavirus outbreak
The event was originally scheduled on 25-27 March.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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