Financial Services
HKPC to offer two subsidy measures to strengthen industrialisation
HKPC to offer two subsidy measures to strengthen industrialisation
A 30% concession of manpower cost will be offered to an applicant.
Mortgage loans up 9.5% to $19b in October
Applications increased month-on-month by 46.5% to 7,289.
HKUST launches new GenAI platform for financial services
The platform aims to help local financial institutions leverage AI technologies.
Hongkongers' monthly savings rise to $9,800
This represented a 10% increase from last year.
Hong Kongers turn to social media for financial advise: report
YouTube, Instagram, and Facebook are amongst the most popular platforms for Hong Kongers.
Two-thirds of Hong Kong entrepreneurs lack plans for wealth transfer
Entrepreneurs in Hong Kong lag global peers in succession strategies.
HK launches $20b retail infrastructure bond
It will be available in lots priced at $10,000 and a tenor of three years.
HKMA announces $1.5b tender for floating notes
Minimum tender amounts start at $50,000.
9 in 10 HK consumers won’t shop without preferred payment method
Four out of 10 shoppers also want payment authentications without redirects.
HKMA reduces base rate to 5% in response to US Fed rate cut
The US Fed imposed a 25bps cut to its federal funds rate.
HENRYs seeking loans surge 60% as living costs climb
The borrowers primarily applied for loans to repay debts and fund business expansions.
Foreign currency reserves hit US$21.4b in October
It decreased from US$422.8b in September.
Gov't rolls out finance course for seniors under Elder Academy scheme
It aims to expand the course to about 180 elder academies over the next three years.
4 in 5 SMEs report easier bank credit approvals in Q3
Some, however, said the process was more difficult.
Victory Securities to market virtual asset structured products
These products enable investors to have higher potential returns.
14 HK firms gain approval to join GBA wealth scheme
They can now offer cross-boundary investment services to GBA investors.
FCC Analytics taps Airstar and livi bank for federated learning AML
The initiative aims to enhance interbank cooperation whilst maintaining data privacy.
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