Hong Kong
Endowus revamps HK advisory and investment leadership
Endowus revamps HK advisory and investment leadership
Four new key appointments have been made.
China CITIC Bank and HKA launch travel card
Cardholders can earn up to 26,000 points when spending HK$25,000 within the first 5 months of issuance.
Hang Seng Bank executes pilot trades under RMB Trade Financing Liquidity Facility
It is one of the first banks to participate in the facility.
Hang Seng Bank welcomes HK budget initiatives
Meanwhile, HSBC’s CIO expects AI to benefit from the announced plans.
Thai banks told to use dynamic pricing
They are struggling because their pricing strategy is not transparent and too reactive.
HK’s card payment market to grow 11% in 2025
Credit cards accounted for 77.7% of the overall card payment value in 2024.
BEA’s profits up 11.9% to $591.9m in 2024
Operating profit before impairment losses is up 3%.
HSBC’s profits rise in FY2024; total dividend is $0.87
The fourth interim dividend is $0.36 per share.
Endowus launches US dollar time deposit service in Hong Kong
Minimum service is US$10,000, and rates are updated daily.
Hang Seng Bank profits up 3% to HK$18.38b in 2024
Earnings per share is HK$9.33; whilst total dividend is HK$6.8.
HSBC sells Bahrain retail banking business
It expects to complete the transaction in Q4 2025.
Hang Seng enhances dementia-friendly services in branches
Each of its branches now has a trained dementia-friendly ambassador.
StanChart HK enters JV to develop HKD-backed stablecoin
It is working with telecom company HKT and game software company Animoca Brands.
Fintech Aspire, Visa launch corporate card for Hong Kong’s SMBs
Globally, 4 in 5 small and medium businesses are looking to sell overseas.
BEA introduces new loans for SMEs' growth and green goals
The loans range from HK$1m to HK$2m.
HK’s young affluent families eye HK$18m in savings, but lack plans
Only a third of respondents have financial strategies to meet their needs.
Hong Kong green financing steering group unveils 2025 priorities
The group group is led by the HKMA and the SFC.
Commentary
Why Asia’s private wealth industry requires a new era of governance
APAC has mastered domestic payments. The next challenge is connecting them.
Why fragmented communications are becoming a hidden governance risk for Asia Pacific banks
From automation to agency: Asia’s wealth leaders can reinvent, not just streamline
Singapore aced its FATF evaluation — now comes the hard part
Are Asia’s digital banks prepared for the stablecoin era?
Why APAC is building home-currency stablecoins
Why Southeast Asian wealth managers must design the business before buying the technology