Bank of East Asia

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Exclusive | Old lender, new twist: Shanghai Commercial Bank teams up with HashKey on credit card

One of Hong Kong’s oldest lenders is stepping up its push into digital finance, teaming up with newly listed digital…

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Hong Kong Monetary Authority picks second batch of banks, tech firms to test AI in finance

The Hong Kong Monetary Authority (HKMA) has picked the second batch of use cases for testing of generative artificial intelligence…

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Hong Kong’s ‘low-rate honeymoon’ ends as HKMA’s dollar-peg defence raises Hibor

A “low-rate honeymoon” for Hong Kong borrowers has come to an end with an increase in the interest rate banks…

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Bank of East Asia profits rise as wealth business offsets bad property loans in Hong Kong

Bank of East Asia (BEA), Hong Kong’s largest family-owned lender, beat expectations with 14 per cent growth in its first-half…

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From riches to rags: Hong Kong’s veteran property investors grapple with market downturn

Hong Kong’s commercial market declines have left some of the city’s once-prosperous veteran investors struggling financially, with experts expecting distressed…

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China Vanke’s Hong Kong unit sees strong sales in Tai Po project despite mortgage concerns

China Vanke sold nearly all of the more than 200 units on offer at its Le Mont project on the…

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Chinese pork producer Muyuan mulls US$1 billion secondary Hong Kong listing

Muyuan Foods, one of the world’s biggest pig breeders and pork producers, is considering a second listing in Hong Kong…

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Beijing allows Hong Kong banks to issue credit cards on mainland from March 1

Beijing will allow Hong Kong and Macau-domiciled banks to launch a range of services on the mainland including credit cards…

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18 Hong Kong banks join forces to help SMEs weather financial storm

A dozen banks have joined six major lenders in Hong Kong to provide financial support for small and medium-sized enterprises…

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Year of the Snake: from fireworks to cash, Hong Kong banks vie to lure mainland visitors

Hong Kong lenders, intent on enticing visitors from mainland China to open new accounts during the Lunar New Year festive…

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