Topic
News about the global financial industry with a focus on developments in Hong Kong and China.
Hong Kong Monetary Authority hopes proposed term ‘licensed digital bank’ will inspire confidence in those that use such facilities when online fraud is on the rise.
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Attracting listings to the bourse from Southeast Asia, the Middle East and other regions, and introducing trading when typhoon signal No 8 is in force are at the top of his list.
As Beijing restructures the economy, the importance of having accurate and precise information from across the country is critical.
- The OCBC’s private banking arm has increased its headcount, mainly relationship managers and senior bankers, by 15 per cent this year, CEO says
- The private bank sees Hong Kong, Singapore and Dubai as stepping stones to expand its family office and other businesses to sign up wealthy clients
Enhanced mechanism set to boost international investors’ confidence in the onshore bond market and further internationalise the yuan, according to industry experts.
The added value of the financial sector is being calculated via a new set of metrics to increase statistical accuracy and cut down on data manipulation, making GDP figures more resilient to massaging by localities.
Hong Kong’s market regulator has warned the public to beware of a suspected investment scam in which fraudsters claim they are trying to raise the funds to relaunch one of the city’s iconic nightclubs.
Confidence among Chinese consumers was showing ‘early signs of growth’, according to Alibaba chairman Joe Tsai, as the e-commerce giant expects business to be back on the growth path this year.
Asian Investors represented more than 17 per cent of qualified foreign investor activity on the Saudi Exchange’s main market in the first quarter.
The small-business financing platform co-founded by former HKEX chief Charles Li Xiaojia said it is asking staff to invest in the start-ups it backs, confirming an online article that sparked widespread discussion on social media.
Developing economies in Asia-Pacific are putting generative AI to use at a greater pace and with more enthusiasm than their more advanced neighbours, according to a study by Deloitte.
Starwood Capital Group, one of the largest real estate investors worldwide, is part of a consortium of shareholders proposing to take Asian warehouse developer ESR Group private.
Sham article is almost identical to one debunked two weeks ago, featuring Hong Kong movie star Donnie Yen and US talk show host Jimmy Kimmel.
Police in China’s northeastern Jilin province made the arrests in connection with a scheme that sent US$296 million to South Korea.
Enhancements aim to further open up China’s financial markets and strengthen Hong Kong’s status as an international financial centre.
Criminals ‘exploit the perceived anonymity and ease of cross-border transactions that cryptocurrencies offer’, Forrester report says.
Finance deals made through smaller Chinese banks would help ‘resolve the threat of secondary sanctions’, according to fresh findings by a Renmin University institute.
As of June 2023, the Export-Import Bank of China owned 25.2 per cent of the Maldives’ external debt and was the country’s biggest single lender.
ICBC and BOC line up issuance plans for 60 billion yuan worth of total loss-absorbing capacity (TLAC) bonds as Chinese G-SIBs (global systemically important banks) are expected to sell 440 billion yuan of these newly introduced bonds.
China’s shock credit contraction is adding pressure on the government to spend more money – and on the central bank to help.
China has begun to test paying some state employees through its digital currency, but the trial is not making much impact in the e-CNY’s adoption as most quickly and automatically switch their salaries to cash.
In an attempt to limit the impact of data showing foreign funds selling on market sentiment, Shanghai and Shenzhen exchanges plan to cease displaying real-time figures on purchases or sales of local stocks through trading links with Hong Kong.
DHL Express expects its Asia-Pacific business to be strong driven by shifts in supply chain businesses moving out of China amid geopolitical tensions.
Two regions can revitalise historical connections through financial collaboration, but more understanding is needed, says a director with index provider MSCI.
Valuable Capital, Hong Kong’s second-largest online broker, launched Sahm Capital in December, allowing users to trade in both Saudi and US markets.
Insurer has sold about 5.6 million HSBC shares, reducing its stake in the lender to 7.98 per cent from 8.01 per cent, according to an exchange filing.
OK Lim faced charges of cheating HSBC Holdings and instigating a Hin Leong employee to forge documents, according to a newspaper report. The charges involved a total of US$111.7 million.
The short video and live streaming platform operator aims to replicate its strategy in overseas markets, focusing on big opportunities in the Middle East, North Africa, Brazil and Southeast Asia, CEO Jin Bing says
UBS may start rewarding its bankers for referring clients to the firm’s wealth management business, in a first for the Zurich-based lender
Geely Auto’s premium EV unit raised US$441 million by upsizing its IPO by 20 per cent to accommodate demand, according to two sources. The stock is due to debut in New York on Friday.
Banks like HSBC and Standard Chartered are urging the British government to amend a proposed legislation that aims to impose restrictions on doing business in China.
The Saudi stock exchange will weigh its reforms against the likes of the Hong Kong stock exchange as it bids to become a leading global capital market, Tadawul Group’s Nayef Al-Athel says.
