Category: FINANCE

Backed by SBI Group, SBI-BANCO is the first blockchain-oriented end-to-end "Deep-Tier Supply Chain Finance Platform" that has been successfully launched in APAC, enabling access to financing for SMEs ... ( read original story ...)

Financial crimes are on the up and financial institutions are reacting to this by expanding their teams in both anti-money laundering (AML) and counterterrorism funding financing (CTF). Looking ahead, ... ( read original story ...)

AIA Group Ltd. has agreed to buy the life insurance unit of Bank of East Asia Ltd. and ink a distribution partnership with the Hong Kong-based lender in a HK$5.07 billion ($653 million) deal.As part ... ( read original story ...)

Secretary for Financial Services & the Treasury Christopher Hui stated that while the Government strives to make available mitigation measures for society, it also needs to maintain a certain level of ... ( read original story ...)

Hong Kong authorities halted the use of a COVID-19 vaccine developed by Germany's BioNTech on Wednesday, citing defective packaging, in a move that triggered scenes of confusion in inoculation centres ... ( read original story ...)

Hong Kong’s benchmark stock gauge slumped into a technical correction as the city’s temporary suspension of BioNtech vaccinations fueled worries over the pace of its recovery from the pandemic. ( read original story ...)

BOC Hong Kong’s brief third quarter update was within our expectation and we leave our full year forecasts and fair value estimate of HKD 34.40 per share unchanged. We believe the bank is ... ( read original story ...)

China's top ride-hailing firm Didi Chuxing is leaning toward picking New York over Hong Kong for its initial public offering IPO), eyeing a valuation of at least $100 billion via the float, two people ... ( read original story ...)

Hong Kong’s benchmark stock gauge extended its losses from a recent peak to 10%, set to enter a technical correction, as the city’s temporary suspension of BioNtech vaccinations fueled worries over ... ( read original story ...)

The Hang Seng Index lost as much as 2.1% amid a broad selloff in Asia on Wednesday. Stocks in the commerce and industry sector as well as financials were the biggest losers on the gauge, with AIA ... ( read original story ...)

AIA Group is nearing a deal to buy the life insurance unit of Bank of East Asia, the Hong Kong-based lender whose shareholders include Paul Singer's Elliott Management Corp, according to people ... ( read original story ...)

ZA Bank, which is one of Hong Kong’s eight digital banks, has confirmed that it has now acquired around 300,000 users. This milestone has been reached right before its first year anniversary. ZA Bank ... ( read original story ...)

As of Monday, about 5% of the financial hub’s residents had received their first vaccine shots. The government has told Hong Kong’s business and banking community that local coronavirus containment ... ( read original story ...)

(MENAFN)China's central bank aims to charge 5 billion yuan (about USD768.8 million) worth of bills in Hong Kong on Thursday, March 25. The People's Bank of China stated in an online report ... ( read original story ...)