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China Merchants Bank tightens rules for mainlanders opening Hong Kong accounts

2017-01-25 scmp
China Merchants Bank (CMB) will next week sharply tighten eligibility rules for mainlanders to open accounts at its Hong Kong branches, the latest move by Chinese lenders to curb capital outflows as Beijing steps up efforts to temper a slide in the yuan.

Mobile payment, P2P transfer services are gaining popularity in Hong Kong, says survey

2016-12-14 scmp
The Jetco survey found 76 per cent of respondents use mobile payments, while 43 per cent make peer-to-peer transfers

Chinese banks sail into uncharted waters as they expand globally

2016-10-03 scmp
Chinese banks are sailing into uncharted waters as they follow their wealthy corporate and retail clients abroad, though obstacles brought about by compliance investigations are unlikely to slow the momentum as mainland lenders buck the trend that has seen their foreign counterparts trim global operations, market observers said.

Hong Kong Life leverages combined resources of partners to compete with larger rivals

2016-09-23 scmp
Hong Kong Life, a joint venture life insurance company owned by five financial firms, is drawing particular takeover interest thanks to its business portfolio and bank branch network. Its corporate history can also illustrate how a group of smaller lenders can join hands to compete with bigger players.

Hong Kong banks told to improve their game when it comes to competing for China business

2016-09-20 scmp
Hong Kong’s banks have been told to up their game when it comes to conducting China-related business as the industry undergoes a painful contraction driven by the mainland’s economic slowdown.

China’s PBOC Injects 28-Day Funds for First Time Since February - Bloomberg

2016-09-13 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Private Banking Listings

2016-07-05 scmp
Hans Hanegraaf, Country Executive Singapore & CEO Private Banking Asia & Middle East Ian Pollock, Regional Head of Private Banking International North Asia Angel Wu, Regional Head of Products & Solutions Asia & Middle East (0-1)

Paying by smartphone? New fintech app from JETCO to facilitate small money transfers

2016-04-26 scmp
Hong Kong has a new app that allows users to transfer money to other individuals over smartphones -- something that could be useful when divvying up a meal expense, or paying for small transactions.