Offshore RMB activities experienced a setback, however, after the People’s Bank of China changed the way it set the central parity rate in August 2015. RMB deposits in Hong Kong fell from 1.0 ...
HONG KONG, Jan 30 (Reuters ... cuts are subject to considerable uncertainty," HKMA added. The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell ...
Most Hong Kong lenders have sizeable exposures to the city’s real estate industry, but the deepening slump is unlikely to cause systemic issues for the banking sector, which is well capitalised.
Ltd.’s upcoming jumbo listing, which could raise more than $5 billion, is the type of deal that can inject a much-needed adrenaline shot into a sputtering market like Hong Kong’s. But it’s ...
Hong Kong and its tech-savvy residents may have fully embraced digital banking, but companies continue to offer unique and fancy red envelopes, or lai see packets, to clients as an inexpensive way ...
Some of the city’s eight digital banks are exploring setting up physical branches after the Hong Kong Monetary Authority ... lenders’ development. WeLab Bank, ZA Bank, and Mox Bank are ...
Shanghai Commercial Bank (SCB) and Planto, a digital banking solution provider headquartered in Hong Kong, have joined forces in order to leverage fintech to enhance banking experiences for SMEs ...
The Hong Kong Monetary Authority alerts the public to fraudulent websites and internet banking login screens linked to DBS Bank (Hong Kong) Limited. The Hong Kong Monetary Authority (HKMA) has issued ...