Tag: banking

Newly arrived mainland Chinese students were tricked by scammers accusing them of breaking the law across the border, while locals were targeted by fraudsters claiming ‘discrepancies’ in personal ... ( read original story ...)

Hong Kong has just regained the third spot in the latest Global Financial Centres Index published by London-based Z/Yen Group in September. Earlier, the Canada-based Fraser Institute again ranked Hong ... ( read original story ...)

What’s new: Zhihu Inc., the Chinese question-and-answer forum, denied media reports that it was about to undertake a secondary listing in Hong Kong, saying the company had not heard the news. Citing ... ( read original story ...)

LONDON: HSBC Holdings Plc has said it will buy the investment management unit of India’s L&T Finance Holdings Ltd, the latest push to build up the Asian wealth and investment business that is at the ... ( read original story ...)

INITIAL public offerings (IPOs) around the world raised a record US$594bil (RM2.5 trillion) in 2021, riding the coattails of stock market rallies, yet often disappointing investors with their ... ( read original story ...)

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 ...)