Financial Services
What do Hong Kongers buy after getting a loan
Over 33% use a loan to purchase property.
HSBC pulls plug on Hong Kong-based trading startup Serai
The startup said it has been ‘difficult to build a commercially viable business’.
How did Hong Kong’s insurance industry fared in its first quarter?
The industry showed only flat growth across both long-term and general business.
Hong Kong ranks 2nd in the world in play-to-earn gaming adoption
At least two in five Hong Kongers have used play-to-earn platforms.
DBS, CNTIC ink $122m green bridge loan deal to fund wind farm project
The project will be in Tomislavgrad and Livno in Bosnia and Herzegovina.
Businesses lost over $1.18b due to hidden exchange rate markups
There were hidden exchange rate markups when sending cash overseas.
Prepare to go cashless or pay the price
One in three consumers will abandon a purchase if they cannot pay for it digitally.
Around 5 of 10 FIs use robotic process automation
This is expected to grow as 31% plan to adopt RPA in the next 6 months.
Financial services M&A deals reached $125b in 2021: KPMG
The deal value jumped from $11.35b in 2020.
Hong Kong proposes tax reduction for 2021/22 assessment
The tax measure will cost the government $14.3b and will benefit 2.01 million taxpayers.
HK likely to be a green financing hub: HKGFA
It compared HK's sustainable infrastructure financing with Australia and Singapore.
Greater Bay Area financial services continue to flourish: PwC
Businesses held up well despite the pandemic, the report said.
Hong Kong is the top international financial centre in Asia—survey
Survey respondents also saw Hong Kong as a gateway to mainland China.
RML in negative equity see increase to 21 cases in December 2021
The increase was attributed to bank staff housing loans.
HSBC Life opens online application for insurance plan
Eligible customers who will apply online can get a 20% first-year premium discount.
HSBC reveals senior appointments for IWS division
Wei Mei Tan and Michael Wong will see their roles take effect immediately.
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