China Citic Bank aims to turn its 24 Hong Kong branches paperless within the next year as it promotes mobile banking Wider acceptance of mobile banking gives smaller lenders that lack branch networks ...
Hong Kong Builders Sink on Sun Hung Kai Earnings, HSBC Rate Plan
Hong Kong property stocks suffered their biggest selloff in seven months, hit by disappointing earnings at the city’s top builder and a major bank’s reported plan to raise mortgage rates. The Hang ...
HSBC to Raise HK Mortgage Rates in Added Pressure on Economy
HSBC Holdings Plc, the dominant lender in Hong Kong, is set to raise mortgage rates for borrowers in the Chinese territory, adding pressure on the city’s slumping property market. The lender is ...
China stocks gain on fresh stimulus measures; property, tech drag HK lower
SHANGHAI/HONG KONG Sept 11 (Reuters) - China stocks rose on Monday ... for insurance companies to channel more resources into the capital market,” OCBC Bank analyst Tommy Xie wrote. ** From Monday, ...
Hong Kong Widens Testing of China’s Digital Yuan to Additional Banks
Hong Kong has entered the second phase of technical testing for China's digital yuan, expanding the trial to include more Hong Kong banks.
Hong Kong Shares May Stop The Bleeding On Monday
The Hong Kong stock market has moved lower in four straight sessions, tumbling almost 650 points or 3.6 percent along the way. The ...
Hong Kong stocks hit 2-week low as Alibaba tumbles 3.3% on ex-CEO’s surprise exit, China deflation concerns
Hong Kong stocks fell to a two-week low ... Zhang’s exit “raises the likelihood that the business’s new partners will exert greater influence on strategic cloud decisions in the future,” said ...
Hong Kong Evacuates Residents From Luxury Homes After Landslide
Hong Kong authorities evacuated residents from a luxury residential complex after record rains caused a landslide. They are also investigating the possibility of illegal structures and occupation of ...
China’s Abrupt Trading Tax Cut Forces Hong Kong Into Hard Choice
China’s unexpected move to cut its stock trading tax is adding pressure on Hong Kong to follow suit, creating a dilemma for the city’s finance chief over the potential hit to government income.
Standard Chartered HK to maintain good loan quality, profitability
The non-performing loan (NPL) ratio will likely increase as well, however. Modest economic recovery in Mainland China and Hong Kong will support the soundness of Standard Chartered Hong Kong’s asset ...
Prudential Hong Kong invests in AI, clinics to capture share of booming policy sales to visitors from mainland China
The technology investment does not aim to replace staff or agents, and in fact the company plans to hire 4,000 more agents this year, CEO says Prudential boss optimistic about outlook for Hong Kong ...
Sky shuttles at Kai Tak? Hong Kong ‘will revive elevated transit project, propose solutions’ for transport woes in area as firms eye contract
Intense competition expected among Hong Kong, mainland companies to build East Kowloon transport network Monorail plan scrapped in 2020, but project on track to return amid mounting calls for better ...
China Citic Bank International eyes mobile banking increase in Hong Kong, aims to save 1 million sheets of paper a year
The lender aims to cut down on paper use in its 24 local branches to save 1 million sheets of paper a year, as it goes all-in on promoting its mobile banking app, according to a senior executive.
Hong Kong development minister confirms luxury house at Redhill Peninsula has illegal structures, hours after site evacuated following landslide
Secretary for Development Bernadette Linn says initial investigation also shows luxury estate’s house No 72 unlawfully occupies slope considered government land.