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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
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.
Hong Kong online banks to spread wings, offering business loans and wealth management Toggle share menu Advertisement The Hong Kong skyline is seen from The Peak. (Photo: Reuters/Bobby Yip) 23 Dec 2020 07:17PM (Updated: 23 Dec 2020 07:20PM) Share this content Bookmark 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...
HK online banks to diversify into lending, wealth management Photo: rawpixel/unsplash Premium 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. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@dealstreetasia.com. Bring stories like this into your inbox every day. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily B...