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HKIA imposes five-year ban on ex-insurance agent
The former agent mishandled and misappropriated premium payments from two policyholders.
HKIA imposes five-year ban on ex-insurance agent
The former agent mishandled and misappropriated premium payments from two policyholders.
ASEAN segments drive AIA’s Q3 VONB, jumps 35% YoY
VONB growth was observed in Mainland China, Hong Kong, ASEAN, and India.
Visa launches updated security roadmap for Hong Kong
Amongst initiatives include reduction of SMS OTP reliance and adoption of tokenisation.
Prudential’s new business sees 37% profit growth IN 9M23
It grew to $2.14b, year-to-date.
Property sales down 24.5% MoM in October
Year-on-year, sales dropped 33.9%.
BOCHK net income up 20.8% to US$6.21b in 9M 2023
Net interest margin rose 36 basis points during the first nine months of 2023.
GDP up 4.1% in Q3: advanced estimates
Tourism and private consumption will underpin growth; exports remain weak.
No changes to Hang Seng Bank’s HKD prime lending rate
Its HKD savings deposit rates also remain unchanged.
Bank of China Hong Kong keeps HKD prime rate, deposit rate steady
Savings accounts with over HK$1m will enjoy a 0.001% pa additional bonus rate.
HSBC Life reveals new leadership appointments
Winnie Ching, Raj Kumar, and Alison Law will report to CEO Greg Hingston.
Retail sales up 13% YoY to $31.8b in September
Online retail sales accounted for 11% of the total value.
Nine in 10 firms lost staff members in H1
Higher salary is still the top reason why people are changing jobs.
Government logs $177.7b deficit in H1
The government expenditure was $355.6b from April to September.
Bank of China Hong Kong expanding e-HKD prepaid pilot to 50 products
It is now inviting customers to participate in the pilot.
1 in 2 Hongkongers hold ‘favorable’ views of virtual-only banks: study
45% have neobank accounts, and another 30% looks to sign-up over the next 3 months.
More than 150 positions open in GBA fintech internship
Successful applicants will get a monthly subsidy of $12,000.
7 in 10 GBA firms mull adopting more green products and services: study
About 70% consider using more green products and services over the next 2 years.
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