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Hong Kong online banks to spread wings, offering business loans and wealth management

Hong Kong online banks to spread wings, offering business loans and wealth management
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Hong Kong Online Banks To Spread Wings Offering Business Loans And Wealth Management

Eight such banks started this year and as of November had taken more than $1 billion in deposits and attracted nearly 300,000 customers., , hong kong, share, savings accounts, transfer services ....

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Hong Kong's online banks to offer business loans, fund management

Hong Kong’s new online-only banks plan to venture into business lending and wealth management, seeking more lucrative avenues beyond basic savings accounts and transfer services, senior executives said. ....

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Hong Kong online banks to spread wings, offering business loans and wealth management

Hong Kong online banks to spread wings, offering business loans and wealth management
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23 Dec 2020 07:17PM
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23 Dec 2020 07:20PM)
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HONG KONG: Hong Kong s new online-only banks plan to venture into business lending and wealth management, seeking more lucrative avenues beyond basic savings accounts and transfer services, senior executives said.
Eight such banks started this year, and as of November had taken more than US$1 billion in deposits and attracted nearly 300,000 customers.
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Whether these banks can take a significant share from Hong Kong stalwarts such as HSBC and Standard Chartered and become profitable is being closely watched in other Asian markets, where regulators are also encouraging new challengers. ....

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