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Standard Chartered Bank

Hong Kong banks are tempting clients with a range of activities including fireworks dinners during the ongoing golden week holiday. Photo: May Tse

Hong Kong banks lure mainland clients with special incentives during golden week

Hong Kong banks are pulling out all the stops to attract mainland tourists, offering everything from fireworks dinners to golf with famous players.

Hong Kong banks are pulling out all the stops to attract mainland tourists, offering everything from fireworks dinners to golf with famous players

Lower costs, stronger EM links boost yuan’s appeal in trade finance, bank says

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High level of yuan deposits cements Hong Kong’s offshore hub role

Hong Kong’s launch of wCBDC sandbox takes it closer to tokenised market

Six participants, including HSBC, Standard Chartered and Bank of China (Hong Kong), showcased test cases that will be explored to boost scale and interoperability.

The HKMA has launched a wholesale central bank digital currency sandbox, which will test a new financial market infrastructure that facilitates all the stages of a tokenised asset transaction. Photo: Shutterstock

Hong Kong banks pledge to ease loans in HKMA’s plan to help SMEs

Hong Kong’s business owners are cash-starved, as interest rates hover at the highest level in almost two decades.

Standard Chartered to revamp M&A team to focus on target sectors, efficiency

The Internal revamp at the UK lender will eliminate 20 roles globally and double the number of M&A bankers to 100, according to a Reuters report on Monday.

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Hong Kong virtual bank Mox starts bitcoin, ether ETF trading

Mox says it is the first virtual bank to offer spot cryptocurrency ETFs as part of an effort to offer a holistic banking and investing solution to customers.

Hong Kong-based virtual bank Mox is expanding with its first crypto-related service offering ETFs. Photo: Handout

Hong Kong to explore easing visitor rules with 3 Asean countries, John Lee says

City leader says ‘fruitful’ six-day trip to Laos, Cambodia and Vietnam resulted in 55 cooperation agreements and promoted people-to-people exchanges.

Standard Chartered announces record share buy-back after profits beat estimates

The Hong Kong-listed bank, which reported a 15 per cent increase in second-quarter pre-tax profit to US$1.8 billion, said it would buy-back US$1.5 billion of shares.

Banks need more government help to backstop SMEs’ finance needs: HSBC co-CEO

Big data, AI and blockchain tech are raising financial inclusivity, top Moody’s and Standard Chartered executives say at Lujiazui forum.

The logos of HSBC and Standard Chartered adorn their buildings in Central, Hong Kong. Photo: Nora Tam

No relief for borrowers as six Hong Kong banks keep interest rates unchanged

HSBC, Hang Seng Bank, BOCHK, DBS, Standard Chartered and Citibank all kept their rates the same in the wake of the Fed’s decision on Thursday.

Pedestrians walk past an HSBC branch in Central, Hong Kong, on May 2, 2023. Photo: Jelly Tse

Hong Kong keeps base rate steady as Fed dials back signal

Hong Kong’s de facto central bank kept its base rate unchanged for the seventh time as traders in the financial markets shift their focus to September in expectation of the first cut in borrowing costs.

Hong Kong’s Swap Connect a key puzzle piece for overseas investors, bankers say

Enhanced mechanism set to boost international investors’ confidence in the onshore bond market and further internationalise the yuan, according to industry experts.

HSBC,Standard Chartered press Sunak to ease proposed clampdown on China business

Banks like HSBC and Standard Chartered are urging the British government to amend a proposed legislation that aims to impose restrictions on doing business in China.

Signage at a Standard Chartered Plc bank branch in Hong Kong, China, on Wednesday, Aug. 16, 2023. Standard Chartered’s Asia Chief Executive Officer Benjamin Hung is convinced the Chinese wealth spigots will keep on flowing. Photo:Bloomberg

Hong Kong banks to tap city’s Golden Week visitors drawn by residency scheme

Mainland China visitors to Hong Kong during the golden week holiday period will be offered a host of freebies by banks vying for their business amid growing interest in the city’s cash-for-residency scheme.

Mainland tourists visit in Tsim Sha Tsui. Photo: Sam Tsang

Hong Kong SMEs’ business confidence shaky as consumer spending remains a concern

Hong Kong SMEs’ confidence in the second-quarter business outlook has improved slightly, but it remains well below the year-earlier level when confidence soared on the back of border reopening, survey shows.

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Tech entrepreneur Yat Siu helps reshape digital space

The co-founder of Animoca Brands reveals how the metaverse can create new experiences that mimic life – with fairer rules for all – and also answers the question of how to spend HK$8 million.

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Transition finance seen as a crucial tool in the fight against climate change

With the world facing a US$4 trillion green investment gap a year, transition finance will grow in importance because of regulatory support in Asia, experts say.

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The global sustainable finance market has grown at least tenfold in the past decade. Photo: Shutterstock

Major Hong Kong lenders leave interest rates unchanged

HSBC, Standard Chartered and BOCHK – the city’s three note-issuing banks – will keep their lending and deposit rates unchanged, meaning borrowers will have to keep waiting for interest relief.

Standard Chartered CEO contender Cooper leaves as UK bank tweaks top China jobs

Simon Cooper, a frontrunner to replace CEO Bill Winters, is set to depart. Judy Hsu will take on more responsibility in consumer and private banking, while Asia chief Ben Hung will become president of international business.

100 Top Tables 2024: Hong Kong and Macau’s best restaurants and bars – revealed

Now in its 12th edition, the South China Morning Post’s 100 Top Tables fine dining guide was launched to the cream of the city’s dining scene at the Peninsula Hong Kong

Patrizia Yeung acted as emcee at 100 Top Tables 2024, the South China Morning Post’s annual fine dining guide and awards ceremony, which took place at The Peninsula Hong Kong on Monday, March 11. Photo: The Mark Studio and Kong Yat-pang. Photo: Kong Yat-pang

Exclusive | CBDC pilot boosts Hong Kong’s blockchain, international hub credentials: Yue

‘We’ve always been at the cutting edge of the whole blockchain evolution, including CBDCs,’ Yue, CEO of the Hong Kong Monetary Authority, the city’s de facto central bank, tells the Post.

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The HKMA, the BIS and most central banks see ‘tokenisation as a good part of the future financial market’, Yue says. Photo: Xiaomei Chen

Hong Kong’s biggest banks roll out new cross-border wealth management products

HSBC, Standard Chartered and Hang Seng Bank are rolling out more products tied to the Wealth Management Connect scheme amid a drive by Beijing to boost the Greater Bay Area’s financial markets.

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Editorial | HSBC commitment to Asia welcome as it profits from region

With the Fed expected to start cutting rates before the end of the year, margins for lenders will narrow, potentially exposing threats in other areas. Hong Kong’s banks have made provisions and shored up balance sheets to ward off China property risk

Standard Chartered 2023 profit jumps 18%, beats market estimates

Standard Chartered, one of Hong Kong’s three currency-issuing banks, reported an 18 per cent jump in profit, beating estimates.

A view of the Standard Chartered Bank building in Hong Kong’s Central district. Photo: Edmond So

How Michelin-starred chef Vicky Lau’s ‘edible stories’ reveal her initial career path

The chef-owner of Tate Dining Room explains how the journey from graphic design to culinary arts led her to view wealth in terms of personal growth, and also answers the question of how to spend HK$8 million.

Chef Vicky Lau of Tate Dining Room in Hong Kong believes sustainability should be a priority in the design and operation of a restaurant.

GBA at 5: HSBC, BEA among Hong Kong lenders eyeing Qianhai opportunities

Qianhai’s tax incentives are among measures that have attracted major Hong Kong banks to invest in grade-A office buildings, and to develop a wide range of banking, securities and insurance businesses in the area.

Hong Kong’s star shines as Greater Bay Area’s rich tap tax breaks, incentives

In the third of a four-part series on the Greater Bay Area’s fifth anniversary, we look at how Hong Kong has become the de facto wealth management hub for the wealthy. Enhancements to cross-border payments and investments will only add to the city’s lustre.

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Standard Chartered Bank
Standard Chartered is one of Hong Kong's biggest banks. Its name is derived from the two banks from which it was formed in a merger in 1969: The Chartered Bank of India, Australia and China, and Standard Bank of British South Africa. Its headquarters are located in London.
Chairman / President
José Viñals
CEO / Managing Director
Bill Winters
CFO / Finance Director
Diego De Giorgi
Industry
Banking, Financial services
Website
sc.com
Headquarters address
1 Basinghall Avenue, London, EC2V 5DD, United Kingdom
Stock Code
LSE:STAN, SEHK:2888, NSE:STAN
Year founded
1969
last updated:
30 September, 2024
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