https://www.scmp.com/rss/522141/feed The latest news, analysis and opinion on Fubon Bank. In-depth analysis, industry insights and expert opinion. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Yulu Ao Yulu Ao Commercial real estate and financial services companies in Asia are set to bear the brunt of corporate distress this year and next, with the Greater China region most likely to see a wave of financial restructurings, according to AlixPartners. Restructuring professionals are bracing for an uptick in activity across Asia this year, with about 62 per cent of respondents anticipating more out-of-court restructurings, according to a survey published by the restructuring specialist on Wednesday. An... https://www.scmp.com/business/china-business/article/3314827/greater-china-commercial-real-estate-finance-firms-face-rising-distress-alixpartners?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3314827/greater-china-commercial-real-estate-finance-firms-face-rising-distress-alixpartners?utm_source=rss_feed Wed, 18 Jun 2025 00:30:10 +0000 Salina Li Salina Li A luxury detached house in Pok Fu Lam, owned by Hong Kong’s “Cassette King” David Chan Ping-chi, has been put on the market by the receivers in yet another distressed sale in the city, after lender Fubon Bank seized the property to recover unpaid debt. The sea-view property at 188 Victoria Road, valued at HK$430 million (US$55 million), comprises a three-storey house with a basement and features a private driveway that ensures a high level of privacy, Savills, the sole marketing agent, said on... https://www.scmp.com/business/article/3311035/cassette-kings-us55-million-hong-kong-luxury-house-put-market-amid-distress?utm_source=rss_feed https://www.scmp.com/business/article/3311035/cassette-kings-us55-million-hong-kong-luxury-house-put-market-amid-distress?utm_source=rss_feed Tue, 20 May 2025 06:05:47 +0000 Aileen Chuang Aileen Chuang A dozen banks have joined six major lenders in Hong Kong to provide financial support for small and medium-sized enterprises (SME), which account for 98 per cent of the enterprises in the city, to help resolve cash-flow issues. The Hong Kong Association of Banks (HKAB) said on Monday that a total of 18 banks on the SME lending task force agreed to join the customer financial arrangements negotiation mechanism, with the goal of “helping customers resolve financial difficulties”. The move comes... https://www.scmp.com/business/banking-finance/article/3299039/18-hong-kong-banks-join-forces-help-smes-weather-financial-storm?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3299039/18-hong-kong-banks-join-forces-help-smes-weather-financial-storm?utm_source=rss_feed Mon, 17 Feb 2025 13:02:22 +0000 Enoch Yiu Enoch Yiu The Hong Kong Monetary Authority (HKMA) is simplifying the structure of the local banking system, cutting the city’s existing three-tier banking system into two, as part of its biggest reform in four decades. The 12 existing deposit-taking companies (DTCs) licensed by the HKMA will have to either upgrade to join the second tier and become restricted licence banks in the next five years, or they will have to exit the market voluntarily, according to a statement from the de facto central bank on... https://www.scmp.com/business/banking-finance/article/3273309/hong-kong-end-deposit-taking-companies-part-reform-simplify-banking-structure?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3273309/hong-kong-end-deposit-taking-companies-part-reform-simplify-banking-structure?utm_source=rss_feed Mon, 05 Aug 2024 22:00:28 +0000 Salina Li Salina Li Tourists from Hong Kong and Thailand travelling between the two countries will now be able to use their domestic real-time settlement payment systems to pay for their purchases, as authorities seek to speed up digital transformation and increase business opportunities for local vendors. Starting next Monday, Hongkongers travelling to Thailand will be able to use their smartphones to make payments for shopping and food through the Faster Payment System (FPS) up to a daily limit of HK$10,000... https://www.scmp.com/business/banking-finance/article/3243407/hong-kongs-faster-payment-system-be-accepted-thailand-under-reciprocal-arrangement?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3243407/hong-kongs-faster-payment-system-be-accepted-thailand-under-reciprocal-arrangement?utm_source=rss_feed Thu, 30 Nov 2023 12:39:08 +0000