Lobby group Hong Kong Investment Fund Association is readying a proposal for the local government that includes the consideration of quarantine-free travel, underlining that this is «a basic prerequisite» of a global financial hub.
Citi has announced the completed sale of its Philippines consumer business to local lender Unionbank.
China’s property crisis continues to unfold with estimations that local banks could potentially suffer from multi-billion dollar mortgage losses.
HSBC reported a strong increase in profit for the second quarter, driven primarily by a gain from a deferred tax asset.
UBS has named a new head for its Hong Kong asset management unit, finews.asia has learned, succeeding Adolfo Oliete who will relocate to London.
A Hong Kong politician has spoken out in support of Ping An’s breakup proposal, urging the British lender to add an executive from the Chinese insurance giant to its board.
DBS has announced the appointment of a longstanding banker as the president director of its Indonesia franchise.
Crisis seems to be everywhere right now, except in sunny, old-fashioned Switzerland. The stoic nonchalance of the Swiss seems to be proving its worth another time, says Fabian Käslin in a piece for finews.first.
Yet another crypto firm is facing the music, this time Singapore-based Zipmex which has filed for bankruptcy protection in the city-state.
Chinese global depository receipts made their debut on the Zurich-based SIX Swiss Exchange, marking a landmark trading link between the two countries.
Standard Chartered posted record-high first half income for its business in China, which it called one of the group’s «biggest strategic opportunities over the coming years».
Standard Chartered’s profits fell year-on-year in the second quarter but still beat analyst forecasts, leading to an announcement of a share buyback.
Like other financial institutions, Vontobel was also affected by the poor stock market performance in the first half of 2022. Undaunted, CEO Zeno Staub is searching out acquisitions.
Chinese tech billionaire Jack Ma is reportedly planning to give up control of Ant Group, marking a potentially landmark development for the fintech giant following its canceled IPO in late 2020.
UOB recorded a profit increase in the second quarter of 2022, fuelled by improved income from higher interest rates.
Greensill, the cause of so many headaches for Credit Suisse, is now being sued by hundreds of its former employees for wrongful dismissal.
UBS will pay a fine to the SEC to settle allegations it failed to properly implement identity theft measures. JP Morgan was also involved.
The United Nations Human Rights Committee called on Hong Kong to repeal the controversial national security law enacted in June 2020.
DBS chief executive Piyush Gupta reportedly spoke out about the moral issues within sustainable finance, such as the trade-off between climate change action and immediate socioeconomic needs.
From 2023 onwards, managers of retail ESG funds in Singapore will be required to make detailed disclosures as part of the city-state's ongoing efforts to tackle greenwashing.
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