Payment news, June 29

HSBC opens a new SME business centre in Hong Kong, while Standard Chartered promotes financial ties between the UAE and the rest of the world.

HSBC expands SME support

HSBC has opened a flagship business centre in Hong Kong to support the growing financial services needs of local small and medium-size enterprises SMEs. The new centre is located in the HSBC main building in Central and provides trade, cash management, financing, investment, insurance and company account services.

As the gateway of mainland China, Hong Kong is a place full of international business opportunities, said Albert Chan, Hong Kong head of HSBC commercial bank, in a statement. In the first quarter of this year, we recorded a 25% increase in customers with international banking needs on a year-on-year basis. On the business front, we have continued to...

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