Various
StanChart Backed Zodia Custody Appoints Kal Chan as Hong Kong CEO
Zodia Custody, a digital asset custodian for institutions with backing from Standard Chartered, SBI Holdings, and Northern Trust, has announced Kal Chan as the new Chief Executive Officer of its Hong Kong branch. This appointment comes as Zodia Custody strengthens
Read More
Hong Kong Insurance Sector Predicted to Reach $10.9 Billion by 2028
The Hong Kong general insurance market is set for substantial growth, with expectations to expand from HK$67 billion (US$8.6 billion) in 2024 to HK$85.6 billion (US$10.9 billion) by 2028, achieving a compound annual growth rate (CAGR) of 6.3 percent, according
Read More
Bank of Singapore Appoints Ex-Credit Suisse Ronnie Cheung as HK COO
Bank of Singapore appointed Ronnie Cheung as the Chief Operating Officer for its Greater China operations, effective 19 March 2024. She will be based in Hong Kong and report to Cindy Wong, the branch’s chief executive, and Jacky Ang, the
Read More
DBS and Agoda Unveil Reward Points System for Hong Kong Hotel Bookings
Digital travel platform Agoda and financial services group DBS have unveiled a partnership to offer DBS Hong Kong customers an exclusive reward points redemption system. This initiative allows DBS Credit Cardholders to pay for hotel bookings on Agoda using DBS$
Read More
Hong Kong Fund Inflows Reaches HK$33.5 Billion in Q4 2023
The Securities and Futures Commission (SFC) announced the publication of its Quarterly Report for the period ending 31 December 2023, detailing significant operational and financial milestones achieved in the quarter. The report showcases a robust quarter for the asset management
Read More
Citigroup to Expand Wealth Management Business in Greater Bay Area
Citigroup is set to bolster its wealth management operations in the Greater Bay Area and across Asia, leveraging its base in Hong Kong, as affirmed by its global head of wealth. Despite selling its mainland wealth business to HSBC in
Read More
Key Fintech Takeaways from Hong Kong Budget 2024
In the wake of the epidemic, Hong Kong has seen a return to normalcy, bolstering economic growth and community spirit through mega-events. However, geopolitical uncertainties, high-interest rates, and evolving consumer patterns have dampened economic confidence, necessitating more robust efforts to
Read More
Branch Banking Remains Crucial for 95% in Hong Kong
In the bustling financial hub of Hong Kong, consumer satisfaction with banking services remains high, driven by a blend of traditional and modern banking preferences. Consumers remain largely satisfied with their primary bank relationships but are not putting all their
Read More
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
Read More
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
Read More