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Shanghai Commercial Bank

The latest news and top stories on Shanghai Commercial Bank. A leading entity in the Finance sector, Hong Kong-based Shanghai Commercial Bank specialises in comprehensive corporate and retail banking services, including deposits, loans, trade finance, and wealth management. They primarily serve individuals, corporate clients, small-and-medium sized enterprises (SMEs), and high-net-worth individuals. Established in 1950, the bank is known for its international network spanning mainland China, the UK, and the US, and its strategic alliance with other "Shanghai Banks" in the Greater China region. Their overall business focus is on customer-centricity, digital innovation, and community service.

A person uses an ATM at a bank branch in Mong Kok. Photo: Eugene Lee

Banking & finance

Why Hong Kong banks have shut down 40% of branches in recent years

With the ability to transfer funds at 2am and AI to help plan investments, branches on every corner no longer make sense, local bankers say.

25 Sep 2026 - 6:01PM

Yuan

China expands digital yuan network with 8 new banks to accelerate adoption

17 Aug 2026 - 8:02PM

Banking & finance

Chinese banks test repo-linked corporate loans for more market-based pricing

14 Aug 2026 - 12:47PM

Banking & finance

Hang Seng Index hits lowest level in a year on rate-rise expectations

The index falls amid growing unease after Hong Kong banks and Fed hold rates steady.

18 Jun 2026 - 4:38PMvideocam

The US Federal Reserve held interest rates steady on Thursday at its first policy meeting under new chairman Kevin Warsh. Photo: Reuters

Banking & finance

From banking to AI, these are the major economic bodies based in China

Amid what China sees as US’ polarising unilateral measures, a push for ‘global governance’ gives rise to a network of multi-country agencies.

1 May 2026 - 8:00PMvideocam

Interest rates

HKMA warns of interest-rate uncertainty as Fed’s trajectory remains unclear

HSBC, Standard Chartered and Bank of China (Hong Kong) keep their prime and savings rates unchanged.

30 Apr 2026 - 7:13PMvideocam

Banking & finance

Which stocks will Hang Seng shareholders buy with their US$14 billion windfall?

Investors could favour high-dividend stocks like HSBC and Bank of China as they seek stable returns and growth potential, analysts say.

12 Jan 2026 - 7:30AM

Shares of HSBC could be a viable investment alternative for Hang Seng Bank shareholders, analysts say. Photo: Eugene Lee

Interest rates

Hong Kong interbank rates forecast to drop on expected 2026 US monetary easing

Savings rates near zero prevent further prime rate reductions, though Hibor-linked loans will get cheaper, analysts say.

2 Jan 2026 - 7:00AM

Banking & finance

Exclusive | Old lender, new twist: Shanghai Commercial Bank teams up with HashKey on card

The 75-year-old lender will work with the newly listed digital asset exchange to issue a co-branded Visa card for HashKey traders.

23 Dec 2025 - 8:30AM

Bonds

Hong Kong dollar bond sales slump amid elevated interest rates

Bond sales in the local currency fell about 30 per cent month on month to HK$357.7 billion (US$46 billion) in October.

3 Nov 2025 - 9:38AM

Bond sales in Hong Kong fell as Hibor remained elevated after hitting a four-month high in late September. Photo: Getty Images

Interest rates

HSBC, other Hong Kong banks cut prime rate to as low as 5%

Half-point reduction over the last six weeks will be positive for the property market and the economy in general, HKMA boss says.

30 Oct 2025 - 4:56PM

People shopping at Tsim Sha Tsui in Hong Kong on September 1. Photo: Sam Tsang

Banking & finance

Hong Kong matches US Fed’s rate cut in boon for borrowers, economy

The quarter-point cut reduced Hong Kong’s base rate to 4.5 per cent, the lowest since December 2022.

18 Sep 2025 - 10:48AM

Banking & finance

Hong Kong’s dollar-peg defence is bitter for borrowers as Hibor rises

Monetary authority’s successful defence of the US-dollar peg raises loan rates, putting pressure on borrowers and the property market.

26 Aug 2025 - 11:13AM

Hong Kong Monetary Authority (HKMA)

Hong Kong sells US dollars to fight carry trade, defend currency peg

This is the 11th time that the HKMA has intervened in the foreign exchange market since June 26.

13 Aug 2025 - 6:00PM

The Hong Kong Monetary Authority has intervened in the foreign exchange market overnight for the 11th time since late June. Photo: Felix Wong

Banking & finance

HKMA keeps base rate unchanged as US Fed defies Trump’s pressure

The HKMA keeps its base rate at 4.75 per cent after the Fed left the target range at 4.25 to 4.5 per cent.

31 Jul 2025 - 1:29PM

Hong Kong’s skyline seen from The Peak Galleria on June 21, 2025. Photo: Eugene Lee

Banking & finance

Hong Kong dollar to remain under pressure in 2025, Standard Chartered says

Local currency may stabilise for an extended period when aggregate balance drops to HK$50 billion to HK$60 billion levels.

7 Jul 2025 - 6:00PM

Hong Kong economy

Why are Hong Kong fast-food firms Cafe de Coral, Fairwood suffering in downturn?

Economists say famous fast-food chains struggle with elderly customers’ frugal spending habits and face competition from delivery platforms.

6 Jul 2025 - 9:57PM

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Shanghai Commercial Bank

Why Hong Kong banks have shut down 40% of branches in recent years

With the ability to transfer funds at 2am and AI to help plan investments, branches on every corner no longer make sense, local bankers say.

China expands digital yuan network with 8 new banks to accelerate adoption

Chinese banks test repo-linked corporate loans for more market-based pricing

Hang Seng Index hits lowest level in a year on rate-rise expectations

The index falls amid growing unease after Hong Kong banks and Fed hold rates steady.

From banking to AI, these are the major economic bodies based in China

Amid what China sees as US’ polarising unilateral measures, a push for ‘global governance’ gives rise to a network of multi-country agencies.

HKMA warns of interest-rate uncertainty as Fed’s trajectory remains unclear

HSBC, Standard Chartered and Bank of China (Hong Kong) keep their prime and savings rates unchanged.

Which stocks will Hang Seng shareholders buy with their US$14 billion windfall?

Investors could favour high-dividend stocks like HSBC and Bank of China as they seek stable returns and growth potential, analysts say.

Hong Kong interbank rates forecast to drop on expected 2026 US monetary easing

Savings rates near zero prevent further prime rate reductions, though Hibor-linked loans will get cheaper, analysts say.

.css-1f6sr3w{color:#727272;}Exclusive | Old lender, new twist: Shanghai Commercial Bank teams up with HashKey on card

The 75-year-old lender will work with the newly listed digital asset exchange to issue a co-branded Visa card for HashKey traders.

Hong Kong dollar bond sales slump amid elevated interest rates

Bond sales in the local currency fell about 30 per cent month on month to HK$357.7 billion (US$46 billion) in October.

HSBC, other Hong Kong banks cut prime rate to as low as 5%

Half-point reduction over the last six weeks will be positive for the property market and the economy in general, HKMA boss says.

Hong Kong matches US Fed’s rate cut in boon for borrowers, economy

The quarter-point cut reduced Hong Kong’s base rate to 4.5 per cent, the lowest since December 2022.

Hong Kong’s dollar-peg defence is bitter for borrowers as Hibor rises

Monetary authority’s successful defence of the US-dollar peg raises loan rates, putting pressure on borrowers and the property market.

Hong Kong sells US dollars to fight carry trade, defend currency peg

This is the 11th time that the HKMA has intervened in the foreign exchange market since June 26.

HKMA keeps base rate unchanged as US Fed defies Trump’s pressure

The HKMA keeps its base rate at 4.75 per cent after the Fed left the target range at 4.25 to 4.5 per cent.

Hong Kong dollar to remain under pressure in 2025, Standard Chartered says

Local currency may stabilise for an extended period when aggregate balance drops to HK$50 billion to HK$60 billion levels.

Why are Hong Kong fast-food firms Cafe de Coral, Fairwood suffering in downturn?

Economists say famous fast-food chains struggle with elderly customers’ frugal spending habits and face competition from delivery platforms.

Exclusive | Old lender, new twist: Shanghai Commercial Bank teams up with HashKey on card