Leading companies in the financial, tech and telecom sectors have expressed interest in developing a virtual bank business, with the aim of exploring greater opportunities in the digital era.
Hong Kong’s economy could face ‘some difficulties’ in first quarter, but recovery in sight for city, finance chief says
Economy performing much better now compared with November, Financial Secretary Paul Chan says 'I think as we enter the second quarter, the strength of recovery should be much more obvious,' Chan says ...
Year of the Rabbit 2023: demand for crisp bills and fancy lai-see envelopes grows in Hong Kong as in-person celebrations return
All three note-issuing banks - HSBC, Standard Chartered and Bank of China - report stronger demand for new banknotes this year Demand for luxury lai-see envelopes is also higher during the first lunar ...
Hong Kong Finance Minister offers green investment financing
Hong Kong Finance Minister Paul Chan Mo-Po offered opportunities for green or environment-friendly investment financing to Indonesia at a meeting with ...
Chinese Liquor Distiller ZJLD Gives Hong Kong Listing a Shot
Seven years after China’s A-share market got its last liquor listing, distiller ZJLD has decided to take a Hong Kong route to an IPO, which could encourage other producers to follow suit ...
Hong Kong Inflation Rises To 2%
Hong Kong's consumer price inflation increased at the end of the year amid rising vegetable and energy prices, data released by the ...
Hong Kong needs artificial islands as land bank to avoid supply shortage in the future, government says
Authorities say 'land reserve' vital to allow city to avoid 'pain' in future and to grab opportunities when they present themselves Town Planning Board hears Singapore reclaims land for use when ...
DBS Hong Kong offers two-in-one instant loan and credit card combo
DBS Hong Kong has recently unveiled its first fully digitalised Card Loans experience, offering application, approval, and disbursement in as fast as just minutes. “We found that many customers who ...
Hong Kong’s Dah Sing Bank strikes bancassurance deal with Canada’s Sun Life
Hong Kong's Dah Sing Bank and a subsidiary of Canada's Sun Life Financial Inc have struck a 15-year bancassurance partnership deal in Hong Kong. "Sun Life will pay an amount of HK$1.5 billion ($191.5 ...
Dah Sing Bank, Sun Life enter bancassurance partnership in HK$1.5b deal
Sun Life will be the exclusive provider of life insurance solutions to Dah Sing’s customers. Dah Sing Bank and Sun Life Hong Kong have entered into an exclusive 15-year bancassurance partnership in ...
Sun Life nears deal with banking group Dah Sing that will boost insurer’s presence in Hong Kong
Sun Life and Dah Sing are hammering out the details of a transaction that could be announced as early as this week, the people said. Representatives for Dah Sing ...
Davos 2023: Goldman Sachs CEO concerned about debt ceiling
David Solomon, Chief Executive Officer of Goldman Sachs, speaks during the Global Financial Leaders Investment Summit in Hong Kong, China November 2, 2022. REUTERS/Tyrone Siu DAVOS, Switzerland, Jan ...
HSBC Gives Hong Kong Staff $64 in Lunar New Year Red Packets
HSBC Holdings Plc is splurging out HK$500 ($64) to each staffer in Hong Kong in the traditional red packets to mark the Lunar New Year. The lender, which employs more than 20,000 people in the city, ...
Hong Kong’s Covid-hit economy will improve in coming months, John Lee says, vowing to attract businesses, tourists to city during upcoming trips
City leader says he is 'optimistic' while acknowledging arrivals only amounted to 10 per cent of pre-pandemic levels after return of quarantine-free cross-border travel Lee also reveals plans to visit ...