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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.

The depository-institutions repo rate is derived from actual short-term interbank transactions and more directly reflects banks’ funding costs and liquidity. Photo: AFP

Banking & finance

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

Lenders are shifting loan benchmarks to short-term market rates, which analysts say heightens volatility and tests risk controls.

14 Aug 2026 - 12:47PM

Banking & finance

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

18 Jun 2026 - 4:38PMvideocam

Banking & finance

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

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

The Hong Kong Monetary Authority maintained the city’s base rate at 4 per cent on Thursday. Photo: Jonathan Wong

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

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

Shanghai Commercial Bank CEO Wallace Lam. Photo: Jonathan Wong

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

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

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

Hong Kong’s de facto central bank cut the city’s base rate for the first time this year, bringing down the cost of funding to help reboot businesses and reduce the burden on mortgage borrowers. Photo: Karma Lo

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 borrowing costs have increased after a decline in banking-sector liquidity. Photo: Getty Images

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

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

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

A man walks by a currency exchange outlet in Central. Photo: Felix Wong

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

A branch of Cafe de Coral at Uptown Plaza in Tai Po. Photo: Eugene Lee

Shanghai Commercial Bank

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

Lenders are shifting loan benchmarks to short-term market rates, which analysts say heightens volatility and tests risk controls.

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

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

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