Category: FINANCE

In a bid to rein in plunging workers’ remittances via official channels, the Central Bank (CBSL) has decided to extend the incentive of additional Rs. 10 per dollar by a month whilst absorbing ... ( read original story ...)

Paul Chan says the coronavirus pandemic is being effectively contained and the city’s economy is gradually recovering. ( read original story ...)

Financial Secretary Paul Chan says he's planning to meet incoming lawmakers to gather their views on his budget, as he called on members of the ... ( read original story ...)

Delhi/IBNS: The Central Bureau of Investigation has filed two supplementary charge sheets in relation to the alleged illegal remittance of Rs 6,000 crore from Delhi's Bank of Baroda branch to Hong ... ( read original story ...)

Chinese question-and-answer website Zhihu Inc., which went public in the U.S. in March this year, is said to be considering another initial public offering in Hong Kong, local media the Paper reported ... ( read original story ...)

As part of the efforts to expand its wealth management business in Asia, HSBC Holdings plc ’s HSBC indirect wholly-owned subsidiary HSBC Asset Management (India) Private Ltd has agreed to acquire L&T ... ( read original story ...)

A Chinese state-owned asset management company said on Friday that it will spend 6 billion yuan (US$930 million) to buy a 20 per cent equity stake in the consumer credit unit of Ant Group. ( read original story ...)

The Mandatory Provident Fund is on course to report its first loss since 2018 due to a slump in the Hong Kong and mainland equity markets. ( read original story ...)

Carrie Lam, Chief Executive of the Government of Hong Kong, sees "enormous potential" for catastrophe bonds and insurance-linked securities (ILS) to ... ( read original story ...)

Overall, India is one of the bank’s largest markets and its made just over Rs 75,11 crore in the country in 2020, making it the lender’s third largest Asian profit center after Hong Kong and mainland ... ( read original story ...)

PwC Hong Kong joins a growing list of mainstream players entering the metaverse by buying LAND in The Sandbox. ( read original story ...)

Desun Real Estate Investment Services Group Co., Ltd. (Desun Services) (02270.HK), formally debuted on the Hong Kong stock market on December 17. ( read original story ...)

As Sino-US tensions simmer and threaten to block Chinese companies’ access to US capital markets, some of them are seeking a foothold back home as a hedge against risks. ( read original story ...)

Alibaba Group Holding Ltd (NYSE: BABA)-backed RoboSense, a Chinese developer of sensor technologies used in self-driving cars, looks to work with JPMorgan Chase & Co on its proposed Hong Kong initial ... ( read original story ...)