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DBS Bank (Hong Kong)

DBS Bank (Hong Kong)
The latest news, analysis and opinion on DBS Bank (Hong Kong). In-depth analysis, industry insights and expert opinion.
A limited-edition mahjong set is among the incentives HSBC is offering. Photo: Handout
Banking & finance

Hong Kong banks lure wealthy clients with gold, mahjong sets, fireworks

HSBC, Hang Seng Bank, Standard Chartered, Citibank and DBS offer the metal to select clients while it hovers near a record high.

Banking & finance

JPMorgan, DBS, Standard Chartered bosses swap deals for sneakers in charity run

Hong Kong property

As Hong Kong retail sales recover, can landlords follow with higher shop rents?

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Hong Kong economy

Gold fever hits Hong Kong as investors hedge against inflation amid record rally

While many investors diversify their portfolio, others cash in on record high gold prices.

Lee Cheong Gold Dealers in Sheung Wan was busy on Friday. Photo: Dickson Lee
Banking & finance

Hong Kong banks battle for wealthy mainland clients during ‘golden week’ holiday

Hong Kong authorities estimate that as many as 1.54 million mainland visitors will cross the border during the eight-day holiday.

Hong Kong property

Hong Kong’s ‘Cassette King’ offers to sell luxury property to pare debt

David Chan plans to sell a three-storey mansion at 51 Mount Davis Road on Hong Kong Island to repay debt, he says in a phone interview.

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Hong Kong property

Rebound in Hong Kong’s home prices unlikely to come this year: analysts

Analysts say a supply overhang in the city’s residential real estate market is likely to loom this year and next.

A man passes a real estate office in Causeway Bay. Photo: Antony Dickson
Hong Kong property

Hong Kong home market on brink of turnaround, Morgan Stanley says

‘The decline in prices is behind us,’ and the upcycle could last five years, bank’s property research head says.

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Banking & finance

Exclusive | DBS Hong Kong hiring wealth managers as investors’ risk appetite grows

The subsidiary of the Singapore bank plans to hire 100 bankers and open a new wealth-management centre.

Hong Kong economy

Hong Kong economy grows by stronger-than-expected 3.1% in first quarter

Downside risks surrounding global economy have heightened visibly, government spokesman warns.

Hong Kong’s economy could see full-year growth of 2 to 3 per cent, according to budget estimates. Photo: Elson Li
Banking & finance

Banks lure new wealthy clients with Liverpool, Jay Chou tickets in golden week push

Banks target growing pool of wealthy mainland Chinese visitors to Hong Kong during May 1-5 golden week holiday.

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A billboard of Jay Chou’s upcoming Hong Kong concert. Photo: Elson Li
Banking & finance

Hong Kong SMEs want funding support amid mounting costs, survey finds

More than half of the businesses surveyed by DBS hope the financial secretary will reveal some support for them in his budget address.

Hong Kong property

Hong Kong’s NWD to launch second State Pavilia offering after weekend sell-out

Developer to put an additional 88 units up for sale ‘in response to the market’s needs’.

Banking & finance

From fireworks to cash, Hong Kong banks vie for mainland new year visitors

With 1.43 million mainlanders expected during the ‘golden week’, the city’s lenders prepare a slew of enticements.

Tourists and residents visit the Avenue of Stars in Tsim Sha Tsui on January 26, during the run up to Lunar New Year. Photo: Dickson Lee
Hong Kong property

Hong Kong developer cuts prices in Shau Kei Wan project amid oversupply

New price list takes average price in the district to the lowest level since September 2016 for primary launches: Midland Realty data.

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Oria, a 23-storey residential project in Shau Kei Wan developed by Hip Shing Hong (Holdings). Photo: Handout
Hong Kong property

The Center sale came at a peak and now buyers struggle to exit

Take a look inside The Center, which was the world’s most expensive skyscraper when it was shrewdly sold by the city’s wealthiest man.

Focus

Global CEOs see new hopes, old threats in Hong Kong vs Trump 2.0

‘People are leery of investing a lot of money in a country that is part of geopolitical tensions,’ Oaktree Capital’s Howard Marks says.

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Hong Kong property

Exclusive | World’s largest hedge fund CIO buys HK$95 million home in Hong Kong

Bridgewater Associates’ co-CIO Bob Prince paid HK$95 million for a three-bedroom home at St. George’s Mansion in Ho Man Tin.

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St. George’s Mansion (high-rise on the left) is nestled in the Ho Man Tin area. Photo: Sino Land
Hong Kong property

China, Singapore key to Hongkong Land’s US$10 billion asset disposal goal

Analysts approve the developer’s ‘strategic pivot’, but caution that execution remains key to its success.

Hong Kong property

DBS buys entire 75th floor in The Center in bullish sign for office market

The latest purchase from ‘Cassette King’ Chan increases DBS’s ownership to 11 floors in what was once the world’s most expensive tower.

Hong Kong property

Hong Kong sees busiest market since May as DBS, HSBC bosses buy luxury homes

Total transactions in Hong Kong’s property market could end the year with the highest volume since 2021, Centaline forecasts.

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General view of construction site of The Knightbridge in Kai Tak. Photo: Google Map
Hong Kong property

Hey big spender! Hong Kong transacts 3 luxury homes in a week

Two big deals recorded in Mid-Levels, another one on the books in Happy Valley.

Grenville House in Mid-Levels. Photo: Winson Wong
China GDP

IMF lowers China GDP forecast on property, consumer confidence despite stimulus

China’s economy is projected to grow by 4.8 per cent this year, the International Monetary Fund said in its World Economic Outlook.

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Banking & finance

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 property

Hong Kong’s cassette tycoon sells The Center space to DBS at discount

Singapore’s largest banking group paid HK$700 million, or about HK$26,000 per square foot, for the 66th floor of The Center building in Sheung Wan.

Exterior view of The Center building in Central on 2 November 2017. Photo: Nora Tam
Banking & finance

HSBC, Hong Kong peers pledge to support SMEs amid financing struggles

Fourteen banks active in lending to the city’s small businesses have pledged to step up lending efforts to support their financing needs.

Hong Kong’s financial district in Central, seen from Victoria Harbour in August 2024. Photo: Edmond So
Banking & finance

HKMA fines DBS Hong Kong US$1.28 million after money-laundering investigation

The bank failed to conduct enhanced due diligence in high-risk situations in periods between April 2012 and April 2019, the HKMA says.

Banking & finance

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.

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