Financial Services
Hong Kong's tax payment system is one of Asia Pacific's most efficient
It only takes 3 days to file tax requirements.
Hong Kong's tax payment system is one of Asia Pacific's most efficient
It only takes 3 days to file tax requirements.
Hong Kong slaps HSBC with $51m fine for Lehman-linked products sale
The $51m penalty was the most expensive sanction imposed on a financial firm.
Half of Hong Kong workers have insufficient savings
Hong Kong workers are most vulnerable to income loss resulting from illness or disability.
Hong Kong's bail-in system is most advanced in APAC
Its new bank resolution regime was only introduced in July.
Hong Kong CFOs onshoring services as complaints rise
And half said they’d shut their off-shore location completely if they could find the workers locally.
Hong Kong Smart City Consortium bags Tekes partnership
The two collaborate on smart city projects and potential funding.
This is Hong Kongers' favorite credit card reward
73% said they prefer rebates due to convenience and value.
57% of Hong Kong trust sector grew assets in three years
But firms are growing more worried about compliance costs.
Here's how fintech disrupted banks' customer-facing functions
The number of people engaged in banking fell 0.6% from 2015 to 2016.
Funds raised by Hong Kong IPOs down 37% to $85.7b
But the number of IPOs increased 52% to 114.
Hong Kong's financial services gradually leveraging blockchain
52% of CFOs say blockchain improved their businesses.
Peer-to-peer international payments now possible with new Smart Transfer app
Want to gift money, at little to no cost, to someone overseas for their birthday?
What are the major shortcomings of the MPF scheme and how can it be improved?
The 16-year annualised return on all MPF funds is just 2.8%.
A/R trading platform Qupital raises HK$20.5m
Qupital plans to expand in Taiwan and Southeast Asia.
Composite interest rate down to 0.3% in August
It was caused by a slight decline in the banks' weighted funding cost.
ZhongAn Online P&C Insurance launches $1.5b Hong Kong IPO
It's the first major fintech listing in Hong Kong.
Hong Kong banks to get less government support over the next 12-18 months
The government is implementing a revised bank resolution regime.
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