Hong Kong
Deutsche Bank partners with fintech Airwallex for cross-border payments service
Deutsche Bank partners with fintech Airwallex for cross-border payments service
Merchants using Airwallex do not need to open bank accounts to collect payments.
Tokyo, Sydney, aim to lure financial firms from Hong Kong
But Singapore remains the top draw due to its favorable environment and standing.
Citi, CSOP Asset Management to launch new L&I products
The bank will also provide custody, fund administration and trustee services.
Citi Hong Kong deploys bots to enhance securities services
It will help reduce potential fail trades and buy-in costs early.
Ant Group has picked banks for $10b Hong Kong IPO: report
The company could seek a valuation of at least $200b, according to sources.
Hong Kong neobank WeLab Bank, Mastercard to launch numberless bank card
It will be available for use immediately after opening an account with the lender.
Hong Kong banks suspend return-to-office plans amidst new wave of infections
As many as 70% of Citigroup’s staff will be working from home.
Hong Kong-based wealth clients probed for pro-democracy ties
"Politically exposed persons" can have a hard time accessing banking services.
HSBC global equities chief exits amidst restructuring: report
The bank has been revamping its investment banking arm.
Banks push remote work for Hong Kong staff as COVID cases rise anew
City officials have detected 40 local cases on 14 July.
Bank of East Asia launches cross-boundary mortgage loan service
Hong Kong customers may apply for mortgage loan for properties within the GBA.
Greater Bay Area regulators float wealth management connect scheme
It allows residents to invest in wealth products offered by banks in the area.
Bank transfers, digital wallets spur Hong Kong's e-commerce market
The two methods are rising at CAGR of 12% and 11%, respectively.
HSBC resumes plan to axe 35,000 jobs: report
CEO Noel Quinn said that they will maintain a freeze on almost all external recruitment.
HKEX-listed Link REIT secures $130m sustainability-linked loan from OCBC
It is the REIT's first sustainability-linked loan transaction in the Hong Kong dollar.
HSBC rebuked by US state secretary for backing China security law
The lender, along with Standard Chartered, has already been chided in Britain.
Hong Kong residents dash for offshore accounts amidst China security law
HSBC and Standard Chartered have seen high surges in enquiries.
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He underscores that transformation, talent, and measurable impact separate financial industry leaders from the rest.
Commentary
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