ZA Bank, Hong Kong’s first and largest virtual bank 1, has introduced an early payday product that it says will entitle Hong Kong’s four million working population to advance their salaries maximum 7 ... ( read original story ...)
Hong Kong’s accounting watchdog to investigate Apple Daily publisher Next Digital’s financial statements, auditors
Financial Reporting Council to investigate Next Digital’s financial statements for two and a half years up to September 2020 for ‘misleading information’. ( read original story ...)
Website Alert – Fraudulent website related to Public Bank (Hong Kong) Limited
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Public Bank (Hong Kong) Limited relating to a fraudulent website, which has been reported to ... ( read original story ...)
Fund that paid Hong Kong protesters’ legal fees to close after forking out more than HK$258 million
The 612 Humanitarian Relief Fund’s latest report shows it has just HK$1.9 million left in the bank after also providing loans and paying medical expenses. ( read original story ...)
HSBC’s Chairman Says China Opportunities ‘Too Big to Ignore’ Despite Politics
HSBC Holdings Plc Chairman Mark Tucker, speaking in Hong Kong after passing through the city’s rigid three-week quarantine, said the opportunities in China are “too big to ignore” even as geopolitical ... ( read original story ...)
Regina Miracle brings debut loan
Intimate wear company Regina Miracle International is testing appetite for its maiden loan, while navigating concerns around its Vietnam operations. ( read original story ...)
Meng Wanzhou’s extradition lawyer denies she risked HSBC’s reputation or loans, citing ‘evidentiary vacuum’ in fraud case
The US had put forward a ‘bizarre’ fraud case against Meng Wanzhou that failed to show she risked HSBC’s reputation or loans, says the Huawei executive’s lawyer. ( read original story ...)
Manulife Hong Kong reports solid growth for second quarter and first half of 2021
The Manulife group of companies operating in Hong Kong ("Manulife Hong Kong") today announced solid financial results for the second quarter and first half of 2021, reporting robust growth notably in ... ( read original story ...)
EFG Bank Hong Kong Appoints New Head of Investment Solutions
EFG International has appointed a new Head of Investment Solutions, North Asia, Edmund Yun, to lead both the Product Advisory Team and the Investment Counsellors in Hong Kong. The appointment ... ( read original story ...)
Interest-Free Early Payday Option Introduced by Hong Kong’s Digital Banking Platform ZA Bank
Hong Kong-based digital bank ZA Bank has introduced “Salary FastPass,” which is an interest-free early payday option in Asia that lets people access their monthly salary up to 7 days in advance. ZA ... ( read original story ...)
Hong Kong’s Quarantine Flip-Flop Creates Chaos for Travelers
Within 30 minutes of Hong Kong reversing its seven-day quarantine policy, Ovolo Hotels’ switchboard was swamped with calls. The operator of two facilities in the city’s mandatory quarantine program ... ( read original story ...)
Three-Way Merger Creates $4.3 Billion Global Wealth Management Firm
Two U.S. wealth managers have joined forces with a Hong Kong firm, with an eye toward helping global-minded investors maximize their assets—and minimize their taxes. ( read original story ...)
Hong Kong, US firms merge to form Leo Wealth, a US$4.3 billion wealth consultancy
Hong Kong wealth advisory firm The Capital Company has merged with US counterparts LeoGroup and BFT Financial Group to create a US$4.3 billion consultancy called Leo Wealth. All three firms are ... ( read original story ...)
Chinese AI start-up SenseTime hires HSBC as it pursues US$2 billion Hong Kong IPO
Hong Kong that could raise at least US$2 billion, according to a person familiar with the matter. software, has also tapped China International Capital Corp (CICC) for the offering and could file ... ( read original story ...)