Becoming a bank will shrink Ant. Regulators are set to treat Jack Ma's financial group more like a regular Chinese lender. Though it has enough capital to support its existing online credit business, ... ( read original story ...)
OCBC’s Wong to be first woman CEO of Singapore bank
SINGAPORE, Jan 8 (Reuters) - Singapore's second-largest lender, Oversea-Chinese Banking Corp (OCBC) OCBC.SI, appointed Deputy President Helen Wong as group CEO, succeeding Samuel Tsien who is retiring ... ( read original story ...)
RPT-South Korea’s IPO market poised for record year on booming retail demand
S.Korea IPO market to be busiest ever in 2021 -bankers, analysts * To raise as much as 20 trln won in IPOs, a record high -analysts * More allocation to retail investors to boost demand -analysts * ... ( read original story ...)
HSBC shareholders ask bank to cut fossil-fuel lending exposure
A group of HSBC Holdings Plc shareholders have filed a resolution urging the bank to cut its support to the fossil-fuel industry. ( read original story ...)
US banks to delist hundreds of HK-listed products under Trump rules
JPMorgan, Morgan Stanley and Goldman Sachs are set to delist 500 structured products listed on Hong Kong’s stock exchange, as the fallout from President Donald Trump’s executive order barring ... ( read original story ...)
Hong Kong finance minister lays out plan to maintain or even boost public spending in next month’s budget, despite mammoth deficit
Paul Chan says he plans to maintain spending levels to protect living standards as coronavirus ravages the economy, despite stark decline in government’s finances. ( read original story ...)
Vietnam to be among top growth performers again in 2021, says HSBC
Vietnam posted the fastest growth in Asia in 2020 and will once again be among the most outstanding performers in the region this year, according to the Hong Kong Shanghai Banking Corporation (HSBC). ( read original story ...)
Hong Kong budget 2021-22: finance chief Paul Chan reserved on cash handouts, cites Covid-19 pandemic challenges
Financial secretary says he expects first half of new year to remain challenging, with 2020 figures on track for a full annual economic contraction. ( read original story ...)
Aaron Kwok on HSBC Jade’s Bespoke Wealth Management Solutions
Endorsed by “Heavenly King” Aaron Kwok, the bespoke wealth-management solutions of HSBC Jade are here to cater for your every financial need. ( read original story ...)
HSBC Picks 10 Positives and Perils for Emerging Markets in 2021
Emerging markets proved resilient in 2020 despite the coronavirus pandemic, recouping the losses from March’s crash to end the year in positive territory. ( read original story ...)
Hong Kong Housing Authority expects to record HK$8 billion surplus next financial year, with outlook ‘healthy’ in spite of dip
The authority expects to spend HK$115.7 billion in the five-year period up to the 2024-25 financial year to build around 100,000 flats. But some 200,000 flats will need to be buil ... ( read original story ...)
China’s major telcos in Hong Kong take a beating ahead of Trump’s investment ban
Stock index giants MSCI and FTSE Russell said they would remove three Chinese telecommunications giants' Hong Kong-traded shares from widely followed indexes. ( read original story ...)
South Korea’s IPO Market Poised for Record Year on Booming Retail Demand
South Korea is set for the busiest year ever for new share sales as companies ranging from a digital bank, game developer to an electric car battery maker rush to take advantage of robust retail ... ( read original story ...)
Hong Kong Releases Detained Democrats, But Holds Onto Passports
Hong Kong police have not yet charged any of the more than 50 democracy advocates arrested this week under controversial national security legislation, but did seize their passports and travel ... ( read original story ...)