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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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The Hong Kong skyline is seen from The Peak. (Photo: Reuters/Bobby Yip)
23 Dec 2020 07:17PM
(Updated:
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. ....

Hong Kong , United Kingdom , Samir Subberwal , David Sun , Rockson Hsu , Mox Bank , Livi Bank , Jardine Matheson Group , Australia Xinja Bank , Za Bank , Standard Chartered , Zhongan Online Pc Insurance , Greater China , Dairy Farm , Xinja Bank , ஹாங் காங் , ஒன்றுபட்டது கிஂக்டம் , டேவிட் சூரியன் , மாக்ஸ் வங்கி , லிவி வங்கி , ஜார்டின் ம்யாதெஸந் குழு , ஜ வங்கி , தரநிலை பட்டய , அதிகமானது சீனா , பால் பண்ணை ,

HK online banks to diversify into lending, wealth management


HK online banks to diversify into lending, wealth management
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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 , United Kingdom , Samir Subberwal , David Sun , Rockson Hsu , Mox Bank , Livi Bank , Jardine Matheson Group , Zhongan Online Pc Insurance Co Ltd , Australia Xinja Bank , Za Bank , Standard Chartered , Executive Rockson Hsu , Greater China , Dairy Farm , Xinja Bank , ஹாங் காங் , ஒன்றுபட்டது கிஂக்டம் , டேவிட் சூரியன் , மாக்ஸ் வங்கி , லிவி வங்கி , ஜார்டின் ம்யாதெஸந் குழு , ஜ வங்கி , தரநிலை பட்டய , அதிகமானது சீனா , பால் பண்ணை ,