Hong Kong
Hong Kong’s BEA reports 5.5% lower profit in 2023
Basic earnings per share is HK$1.32, unchanged from a year ago.
Hong Kong’s BEA reports 5.5% lower profit in 2023
Basic earnings per share is HK$1.32, unchanged from a year ago.
Hang Seng profits up 58% to $2.28b in 2023; Dividend is HK$6.5 per share
A fourth interim dividend is HK$3.2 per share.
Hong Kong’s credit card issuers advised to seek more merchant deals
Most issuers focus more on onboarding card users, the study found.
BOCHK warns of phishing emails
It has reported the case to Hong Kong authorities.
Citi names Joy Cheng as head of Hong Kong commercial bank arm
Cheng brings 30 years of banking experience to the role.
Hong Kong mulls raising deposit protection limit to HK$800,000
The raise is 60% higher than the previous protection limit of half a million dollars.
Commercial property woes weigh on Hong Kong banks
But receding risks in mainland China properties will help offset impact, says Fitch.
DBS HK opens 15,000 sqft Treasures Centre at 18 Queen’s Road Central
It will have a team of WM professionals to provide HNWIs with wealth solutions.
Hang Seng Bank names ex-Ping An deputy chief exec as new general counsel
Mabel Chu served as deputy chief executive (functions) of Ping An OneConnect Bank.
Hang Seng Bank names new risk committee chairman
Kenneth S Y Ng is stepping down from the role.
Standard Chartered, FreightAmigo team up to streamline financing for HK’s SMEs
The partnership will utilise "federated learning" developed by the Hong Kong ASTRI.
Hong Kong banks should play ‘long con’ to reap 2025 growth benefits
2024 is expected to be challenging for Hong Kong banks, KPMG reports.
AIA HK and Citibank donate ARIA test machine to HKLSS, commemorates 10th year
The donation hopes to benefit 3,000 individuals in need of early detection diseases and strokes.
Endowus unveils new diversified investment portfolios for Hong Kong investors
The CashUp Portfolios are single investment products that provide exposure to multiple funds.
Hang Seng enables credit card customers to use loyalty points in AlipayHK
They can use their loyalty points to pay at over 150,000 outlets that accept AlipayHK payments.
Hong Kong’s Bank of East Asia inaugurates tower in Qianhai
It will serve as the bank’s strategic hub in the Greater Bay Area.
HSBC to distribute Schroders multi-asset income fund
The launch of the fund comes as a response to the current high inflation and interest rate environment.
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Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
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1. Labour force upskilling needed as SG nears 'super-aged' status 2. MAS, IBF working on gen AI job impact map 3. Australia’s P&N Bank scraps proposed merger with Beyond Bank 4. Australia’s P&N, Beyond Bank likely to seek other merger opportunities 5. Singapore’s financial sector employment rose 4,800 in 2023Events
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