Rising interest rates and potential cost savings from technology offer opportunities for increased revenues
Accenture analysis also shows value of mainland fintech investment halved, but numbers grew to 146 deals last year, compared with 54 in 2016, to US$2.8b
The lender’s pre-tax profit for 2017 was US$3 billion, just short of the US$3.06 billion forecast by analysts in a Thomson Reuters poll
Morgan Stanley estimates that yields on new loans will rise by 60 basis points this year and next
BEA’s profit upswing was related to ‘improvements in its asset quality and the bank’s net interest margin mildly expanding by 5 basis points, said one equity analyst
Hang Seng Bank, Hong Kong’s third-largest bank by assets, is expected to report strong growth in its 2017 profit on Tuesday thanks to improved interest rate income.
In January institutions’ aggregate net-buy via stock connect was 35 billion yuan, compared to last year’s monthly average of 15 billion yuan
A bogus invitation has been sent to US media organisations claiming that the Hong Kong Monetary Authority and People’s Bank of China are about to crack down on bitcoin trading in mainland China and Hong Kong.
HNA subsidiary highlights sale of ‘mature investments at opportune time’, unloading Sydney office block it acquired in January 2012
Hong Kong Monetary Authority says it will publish revised guidelines for virtual banks ‘very soon’, adding to expectations licenses will be granted this year
China e-Wallet Payment mistakenly reported a net loss for the first half of 2015, instead of HK$281.5 million (US$36 million) profit when a crucial document was lost in transit