Archive

Hong Kong’s Finance and Tech Salaries Surpass Singapore’s by Up to 46%

A recent Bloomberg Intelligence report reveals that Hong Kong finance and tech professionals enjoy higher salaries than their counterparts in Singapore. The report shows that investment banking analysts in Hong Kong earn 46 percent more, with average annual salaries reaching

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HKMA Sets Guidance for Digital Asset Custodial Services by Authorised Institutions

The Hong Kong Monetary Authority (HKMA) has issued new guidance for Authorised Institutions engaged in digital asset-related activities, mainly focusing on providing custodial services for digital assets. This initiative aims to ensure that digital assets held in custody are protected

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FWD Group’s IPO Awaits Ideal Timing, Richard Li to Retain Control

Pacific Century Group, the holding entity behind FWD, a pan-Asian insurance group, announced that Richard Li Tzar-kai, the company’s founder and chairman will retain a controlling stake. Richard expressed his confidence in the firm’s long-term growth prospects. This statement comes amidst

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Hong Kong to Host Its First Green FinTech Summit

In alignment with Hong Kong Green Week, set for 26 February to 2 March, Cyberport, in collaboration with Finoverse and the World Green Organisation, is set to co-host the first Green FinTech Summit. The summit will convene over 500 financial

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Citi Names Joy Cheng as Head of Commercial Bank in Hong Kong

Citi announced today the appointment of Joy Cheng as Head of Citi Commercial Bank (CCB) for Hong Kong, effective 1st February 2024, succeeding the recently retired Anson Kwok. With over 30 years of experience at Citi, including her recent role

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Hong Kong Targets Global Leadership in Green Technology and Finance

Hong Kong’s Financial Secretary, Paul Chan Mo-po, highlighted the city’s significant potential to become a critical international center for green technology and finance. In a recent blog post, Chan underscored the success of over 200 high-quality green tech enterprises from

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Chan Kin-por and Peter Yan Join HKEX Board in Latest Government Appointments

The Government announced the appointment of Chan Kin-por and Peter Yan King-shun to the Board of Directors of the Hong Kong Exchanges and Clearing Limited (HKEX), replacing Laura Cha May-lung and Benjamin Hung Pi-cheng. Additionally, Susan Chow Woo Mo-fong has

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UBS Issues Hong Kong’s First Investment-Grade Tokenised Warrant on Ethereum

UBS has launched Hong Kong’s first investment-grade tokenised warrant, leveraging the Ethereum public blockchain. This product is part of the bank’s UBS Tokenise initiative, aimed at advancing its in-house tokenisation services. The product is a call warrant with Xiaomi Corporation

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Top Trends in Banking in 2024 According to HKMA

The banking landscape is expected to witness significant changes in 2024, influenced by technological advancements, regulatory initiatives and shifting consumer preferences. New reports released by the Hong Monetary Authority (HKMA), French consulting firm Capgemini and tech corporation IBM explore the

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MUFG Bank Acquires 15.55% Stake in Robo-Advisor WealthNavi for US$104M

MUFG Bank, a subsidiary of Mitsubishi UFJ Financial Group, has acquired a 15.55% stake in robo-advisor WealthNavi for approximately 15.65 billion yen (104.15 million), marking a strategic move to bolster its digital financial services. This capital and business alliance aims

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