Tag: banking

Hong Kong expects a budgetdeficit of HK$101.6 billion ($13.10 billion) for the 2021/22fiscal year, Finance Secretary Paul Chan said on Wednesday. Pandemic relief measures, including cash handouts ... ( read original story ...)

Citibank announced it is launching Citi Plus, its Hong Kong project which it recently brought out of beta and touts as a way to get people into digital banking. ( read original story ...)

But there’s one particular breed of this type of lender that’s headed for extinction: the global retail bank. While some consumers will still fancy popping into their local bank, why would anyone need ... ( read original story ...)

Credit Suisse Group AG and UBS Group AG are relocating a number of bankers to mainland China from Hong Kong to better compete for deals after the world’s fastest growing major economy relaxed curbs on ... ( read original story ...)

Mox, Standard Chartered virtual bang that is based in Hong Kong, announced on Monday its latest progress update. The virtual bank launched in September 2020 and as previously reported, it was created ... ( read original story ...)

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the seven-day winning streak in which it had surged more than 1,950 ... ( read original story ...)

A year anticipated to be full of headwinds for Hong Kong’s stock exchange turned euphoric instead. The challenge is now to add to the momentum.Hong Kong Exchanges & Clearing Ltd. is estimated to ... ( read original story ...)

With 90% of its profits coming from Asia, the bank’s ultimate decision will surely be to follow Beijing’s lead ... ( read original story ...)

Launch of wealth management connect scheme will see banks and finance companies from Hong Kong setting up offices in the special economic zone: Witman Hung. ( read original story ...)

The Hong Kong Monetary Authority (HKMA) and the Central Bank of the United Arab Emirates (CBUAE) jointly announced the exchange of a Memorandum of Understanding (MoU) Tuesday, with a view to ... ( read original story ...)

The huge retail investor interest for some recent Hong Kong IPOs has caught the stock exchange’s attention, leading to an investigation into how retail accounts place orders. The move will offer some ... ( read original story ...)

Where does HSBC Holdings Plc really belong? Never satisfactorily answered, this question has swirled inside and outside the bank for nearly three decades. When the global institution moved its ... ( read original story ...)

HSBC is pushing even harder into Asia as the bank seeks to shore up its business in the wake of the coronavirus pandemic and ongoing tensions between the United Kingdom and China. It's also bringing ... ( read original story ...)

HSBC Holdings Plc will shift billions of dollars of investment from developed markets to Asia’s faster growing economies as it looks to become the go-to bank for the region’s wealthy. ( read original story ...)