Year of the Snake: from fireworks to cash, Hong Kong banks vie to lure mainland visitors
With 1.43 million mainlanders expected during the 'golden week', the city's lenders prepare a slew of enticements Hong Kong ...
Hong Kong Free Press8d
Police arrest 21 linked to syndicate over luring domestic workers to open bank accounts, launder over HK$70 million
HK police have arrested 21 people allegedly linked to a syndicate who recruited domestic workers to launder over HK$70 ...
HSBC, Standard Chartered, Bocom can now open mainland China accounts for Hongkongers
HSBC, Standard Chartered Bank, and Bank of Communications (Bocom) on Monday started helping Hongkongers open mainland bank ...
Yahoo Finance3d
Hong Kong’s Slump in Fees Reflects Intensifying Banking Competition
It’s also a sobering reminder of how deals in Hong Kong, and by extension China, have become less lucrative. “The reality is quite tough for investment bankers from Wall Street banks as Asian ...
Crowdfund Insider2d
Digital Banking Provider Planto and SCB to Enhance Financial Services for Hong Kong’s SMEs
This platform harnesses the power of AI and data from Interbank Account Data Sharing ... at Shanghai Commercial Bank said: “As a customer-centric local bank in Hong Kong, Shanghai Commercial ...
The Straits Times4d
Hong Kong’s property distress catching up with city’s banks
A bank spokesperson said the transaction’s financial impact was reflected in its 2023 accounts. Hong Kong’s banks have long taken a conservative approach towards property loans. Fitch Ratings ...
IBS3d
Shanghai Commercial Bank & Planto to deliver SME Banking solutions
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news ...
Yahoo Finance4d
Hong Kong’s Property Distress Is Catching Up With City’s Banks
Most Hong Kong lenders have sizable exposures to the city’s real estate industry, but the deepening slump is unlikely to cause systemic issues for the banking sector, which is well capitalized.