Hong Kong
Bank of East Asia foresees ‘moderate’ economic growth in Hong Kong for 2025
Bank of East Asia foresees ‘moderate’ economic growth in Hong Kong for 2025
Home prices are slated to recover by around 5% in 2025, BEA’s chief economist said.
HKMA holds public consultation on proposed banking ordinance enhancements
It aims to align local regulations with international standards.
KPay raises $55m in series A funding round
It will use the funds for M&A opportunities and to double its partnerships.
Hong Kong total deposits up 5.8% YTD in October
Hong Kong dollar deposits grew, but renminbi remittances fell.
HKMA launches digital bond grant scheme to boost digital securities market
Issuers of eligible digital bonds may receive a maximum grant of $2.5m.
HSBC Hong Kong’s real estate risks to persist through 2025
The bank should see good profitability, strong capitalization, and adequate liquidity, however.
UOB, SGE ink MoU to deepen gold market cooperation
UOB is the only bank providing gold products in Singapore.
Hong Kong lenders chase after small-ticket loans, maintain tight standards
They’ve embedded services in digital wallets to increase to get more customers.
Hong Kong central bank welcomes complete migration to Credit Data Smart
Banks and lenders now operate under a multiple credit reference agencies model.
Hong Kong’s ZA Bank offers crypto trading services to retail users
Global crypto market capitalization has surged 90% to over US$2.3t.
OCBC taps Citi alt chief executive to lead Hong Kong consumer and wealth businesses
Josephine Lee had served as wealth head for retail banking in Citi Hong Kong.
BOCHK warns against phishing websites
The websites have bill settlement pages with links that intend to steal customers' data.
Nanyang Commercial Bank needs more loss provisions to resolve property woes
The bank is expected to face profitability and asset quality challenges through 2025.
Hong Kong credit card receivables down 0.6% in Q3
The delinquent and rescheduled ratio was 0.4% in end-September.
Enhanced SME Financing Guarantee Scheme officially in effect
The enhancements aim to alleviate repayment pressures for SMEs seeking loans.
ICBC Asia net profit rise 9.58% to $547.2m in H1
Non-interest income rose by 67.01%, although fee and commissions declined.
HKMA and partners inject US$500m for sustainable finance investments in Asia
The partners will focus on renewable energy infrastructure, energy solutions, and sustainable transportation.
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