Wealthy clients turn to HSBC, Manulife, Bank of China amid heightened interest in Hong Kong's cash-for-residency scheme
Posted on Thursday March 07, 2024

Hong Kong's leading banking and finance firms are being bombarded with inquiries related to a cash-for-residency scheme since its launch on March 1. HSBC, Bank of China (Hong Kong) (BOCHK), Manulife and Everbright Securities International are among those that have seen heightened interest in products from prospective clients under the revamped Capital Investment Entrant Scheme (CIES). InvestHK, which is responsible for assessing whether the applications fulfil the financial requirements under th

Year of the Dragon: Hong Kong banks use e-lai see to promote digital payment services, sign up new customers
Posted on Thursday February 08, 2024

Hong Kong banks, both virtual and bricks-and-mortar, are going all out to promote e-lai see, as sending and receiving lucky money electronically is fast rivalling the traditional practice of handing out red envelopes with cash. Online-only lenders such as Mox Bank and WeLab Bank and traditional banks such as HSBC, Bank of China (Hong Kong) (BOCHK) and Citigroup have launched marketing campaigns to encourage customers to send money electronically with giveaways such as air miles, shopping voucher

Year of the Dragon: Hong Kong banks line up fireworks dinners, lucky draws and boost deposit rates to entice new clients
Posted on Sunday February 04, 2024

Fireworks dinners, lucky draws, high deposit rates, air tickets and donations to charities are among the major incentives Hong Kong banks are dangling to attract wealthy customers and depositors ahead of the Lunar New Year. HSBC, Bank of China (Hong Kong) (BOCHK), Standard Chartered, Bank of East Asia (BEA), OCBC and ICBC Asia have launched marketing campaigns to lock in new clients and entertain wealthy customers to kick off the Year of the Dragon, which starts on February 10. With hundreds of

Hong Kong airport operator's retail bonds take off on first day of sales, HSBC and BOCHK say
Posted on Wednesday January 17, 2024

Airport Authority Hong Kong's (AAHK) highly anticipated HK$5 billion (US$640 million) retail bonds attracted a huge response when subscriptions opened on Wednesday, banks and brokers said. In fact, demand for the notes matched the popularity of the Hong Kong government's green bonds issued in September last year, according to HSBC, Hong Kong's biggest bank and a co-arranger of the deal. "Compared to the retail green bond issuance by the Hong Kong government last year, we received a similar volum