Hong Kong

The younger generation continues to rely on credit for financial mobility, TransUnion said.

Lau will transition to the role of advisor to the chief executive.

Credit costs remained elevated due to provisions whilst loan growth improved.

Unlimit operates stablecoin clearing house and exchange platform Stable.com.

It will house ZA’s over 300 employees.

The rate is offered to new customers until 30 September.

The product only needs eligible invoices.

It generates a one-time-use verification code for each transaction.

Leading voices from the banking and insurance industries will meet at The Hyatt Regency to discuss wealth management, insurance investment, and the AI economy.

They will test commercial applications for regulated tokenised money in Hong Kong.

The bank has pilots for retail banking and commercial banking.

The number of consumers carrying revolving line balances fell by 5.5%.

Stronger domestic demand will support growth of credit cards and personal loans, TransUnion said.

The bank is gearing up for stronger private banking growth by 2030.

The Hong Kong lender’s mainland China CRE cleanup continues.

Over 30% of the bank's prestige banking customers are based on Hong Kong Island.