Hang Seng Bank has introduced Hong Kong stock trading on its Hang Seng Business Mobile Banking app, giving corporate customers a new digital channel to manage liquidity and investment activity.
The update extends the bank’s existing online securities trading service from its desktop e-banking platform to mobile.
Corporate users can now complete securities account activation directly on their smartphones.
Once activated, the app provides unlimited real-time Hong Kong stock quotes at no additional charge.
It also features automatic profit and loss calculations to track securities holdings, alongside a real-time portfolio overview.
Hang Seng said the launch responds to growing demand for more agile capital management amid cost pressures.
A recent survey of over 200 corporates in Hong Kong and the Greater Bay Area found that more than half are experiencing shrinking surplus reserves despite business growth.
The survey also showed that over 60% of respondents have not fully utilised their surplus reserves to capture investment opportunities.
“Companies are facing tighter margins, so every dollar needs to work harder,”
said Regina Lee, Head of Commercial Banking of Hang Seng Bank.
“We are helping customers manage their liquidity more flexibly and act quickly when opportunities arise.”
Hang Seng plans to expand its corporate mobile investment offerings later this year to include funds, bonds, and certificates of deposit.
Featured image credit: Edited by Fintech News Hong Kong, based on image by tahantanha10 via Magnific
