Financial Services
4 in 5 consumers hold only credit cards: report
4 in 5 consumers hold only credit cards: report
Only 11% belong to the "flexible funding wallet" segment.
3 days ago
Gov’t OKs revised Banking Bill 2025
The ordinance will enable banks to share account information to detect and prevent crimes.
5 days ago
About 74% of HK SMEs struggle with payment reconciliation: survey
21% strongly agreeing that reconciliation poses a critical challenge, compared to 9% of small businesses.
Gov’t greenlights Stablecoins Bill
The bill is expected to come into effect this year.
Gov’t hikes fees for land registration
The fee adjustments will range from 15% to 30%.
Hang Seng Bank opens flagship wealth centre in Central
The new facility is the largest amongst the bank’s nine such centres across Hong Kong and mainland China.
HKEX reappoints Carlson Tong as chairman
His chairmanship will coincide with his term as an HKEX board member.
Hang Seng’s HKD prime lending rate steady at 5.25% per annum
HKD savings deposit rates also remain unchanged.
Hong Kong OTC derivatives reporting re-write – Are you ready?
With early testing expected from June 2025, firms are encouraged to begin preparations now.
Credit access remains stable for SMEs in Q1
Credit approval eased or remained unchanged for SMEs.
HKMA buys $7.8b to defend Hong Kong dollar peg: report
Aggregate balance will rise to HK$116.6b on May 7, 2025.
Hong Kong deposits rose 0.8% in March
The Hong Kong dollar loan-to-deposit ratio decreased by 1.2%.
HKCDAA unveils new headquarters in Wan Chai
The institute held its inauguration ceremony at the China Everbright Centre on 15 April.
MoneyHero to launch Credit Hero Club in Q2
It will help users boost their credit profile and access more financial products.
Gov’t expands GREEN$ scheme with redeemable e-points
E-points can be used to redeem gifts at over 500 retail stores.
Stable credit use seen in youth, but education gaps remain: survey
TransUnion warns that continued financial education is essential to maintain and improve these positive trends.
Hong Kong to update virtual asset policy
It will focus on Web3 innovation.
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