Hong Kong

Standard Chartered to apply for virtual bank license in Hong Kong

The move follows the publication of revised guidelines by the central bank.

Standard Chartered to apply for virtual bank license in Hong Kong

The move follows the publication of revised guidelines by the central bank.

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.

Hong Kong publishes guidelines for virtual banks in Smart Banking push

The central bank is aiming to award licenses towards the end of the year.

Transact with BOCHK ATMs using finger authentication

Bank of China (Hong Kong) Limited’s finger vein authentication offers an answer to the rising security threats looming over Asian retail banking.

ICBC (Asia) ramps up digital investments for cross-border finance

The bank has tapped on Huawei for its growing IT infrastructure needs.

HSBC ramps up senior hiring for APAC equity business

The move is part of the bank’s restructuring business.

China's payment giants try to conquer Asia's banking scene

Alipay's aggresive Southeast Asian foray is making banks nervous.

China Everbright Bank taps on Alibaba's Ant Financial for fintech programme

The tech firm will help the bank develop cloud platforms and AI applications.

Hong Kong loses to Singapore in managing the assets of the world's wealthy

However, a growing preference of China’s HNWI for closer wealth managers is fast narrowing the gap.

Can Hong Kong steal the wealth manager crown from Switzerland?

The banking secrecy capital's dominance has been on a steady decline since 2010.

Fintech loan platform pushes to be Hong Kong's first licensed virtual bank

WeLab is backed by financial heavyweights like Alibaba and IFC.

Hang Seng Bank rolls out AI chatbot for business banking

The virtual assistant BERI will be available on the bank’s website and mobile app.

Hong Kong banks face heightened risks from close Chinese ties: Fitch

The credit rating agency noted that China's governance standards are lower than Hong Kong's.

Hong Kong banks authorised to apply fintech in credit assessment

Instead of collecting income proof, banks may use big data and other fintech.

Citi to link open API technology with five companies

The partnership would result in streamlined retail and insurance purchases.