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Banking & finance

Connie Liu (second from left), head of Corporate Real Estate Strategy and Administration, and her team at DBS Hong Kong.

DBS Hong Kong creates spaces that transcend conventional work and banking environments

The bank’s Corporate Real Estate Strategy and Administration outlines plans that encourage staff and customers to ‘Live more, Bank less’.

The bank’s Corporate Real Estate Strategy and Administration outlines plans that encourage staff and customers to ‘Live more, Bank less’

In partnership with:
DBS Hong Kong

Editorial | Step up fight against Hong Kong online scam scourge

Melco chairman’s Black Spade Capital lists second SPAC on Nasdaq

As Berkshire Hathaway tops US$1 trillion, Buffett’s legacy reaches new heights

Warren Buffett’s conglomerate joins tech giants like Apple, Nvidia, and Microsoft with a market value of US$1 trillion.

Berkshire Hathaway’s market value hit $1 trillion, reflecting investor confidence in Warren Buffett’s conglomerate, which has outperformed the S&P 500. Photo: AP

Late resignations tarnish Hong Kong auditors’ credibility, regulator says

The regulator received a record 190 complaints for the financial year ended March 31 and carried out 77 investigations.

Hong Kong’s launch of wCBDC sandbox takes it closer to tokenised market

Six participants, including HSBC, Standard Chartered and Bank of China (Hong Kong), showcased test cases that will be explored to boost scale and interoperability.

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Enflame, China’s Tencent-backed Nvidia wannabe, flags IPO plan

The Shanghai-based unicorn has begun the so-called tutoring process, compulsory for IPO applicants in China.

Enflame products on displayed at the World Artificial Intelligence Conference in Shanghai in July. Photo: Che Pan

Chinese banks buoyant amid stock market tumult

Led by ICBC, CCB, ABC and BOC, 42 mainland-listed banks have gained 19 per cent on average this year, trouncing a 4.2 per cent decline in the benchmark CSI 300 Index.

China pledges support for green finance in dense, sprawling economic zone

Guidelines have been issued for green finance in China’s economic nerve centre as the country continues its journey to decarbonisation.

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HKEX hires veteran banker to bring overseas IPOs to Hong Kong

Chui, who has more than two decades of experience in equity capital markets at various global banks, joins the HKEX as managing director and head of global issuer services.

About half of the HKEX’s 2,600 listed companies are from mainland China, which account for 80 per cent of the market’s turnover. Photo: Edmond So

China’s ‘hidden debt’ drive controls borrowing for city infrastructure projects

Local governments in China urged to ‘follow approval procedures’, ‘ensure money sources’ and ‘strengthen budgetary controls’ of projects.

A worker operates at the construction site of the Chongqing East Railway Station and affiliated comprehensive transportation hub in southwest China’s Chongqing. Photo: Xinhua

Opinion | To restore consumer confidence, China must save the property sector

Instead of squandering billions buying unsold properties, Beijing should learn from the US response to the global financial crisis.

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Landmark ruling highlights need for Hong Kong’s crypto regulatory framework

Hong Kong High Court decision provides clarity and is consistent with the principle that new legal entities in the cryptocurrency field must be open to scrutiny.

China to keep up financial risk control with draft rules for microlenders

A draft set of rules and standards have been released for China’s microfinancing firms, with risk control and consumer protection in mind.

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China’s new draft rules for microfinancing would set loan limits and enhance consumer protections. Photo: AFP

HKMA expands data platform to help SMEs open bank accounts

The HKMA has expanded its Commercial Data Interchange electronic platform designed to help SMEs by linking up with the Companies Registry to share more data with banks.

The HKMA has linked its Commercial Data Interchange platform with the Companies Registry to help banks easily access information about companies. Photo: Shutterstock

Liu Jin resigns as Bank of China’s president for ‘personal reason’

The move came as a surprise as Liu, born in 1967, has yet to reach the official retirement age of 60 years for men.

Singapore’s currency scales new heights as traders bet on diverging policy paths

The Singapore dollar has surged to levels not seen since 2014 as traders wager on a hawkish policy stance from the city state’s central bank.

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China to push supportive monetary policy as risks ease: central bank chief

PBOC governor Pan Gongsheng says local debt has fallen and number of high-risk small and medium banks has ‘nearly halved’ from peak.

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People’s Bank of China chief Pan Gongsheng says the central bank will aim to guide “reasonable” credit growth and the steady decline of financing costs for companies and households. Photo: Reuters

Chinese builder Yuzhou seeks debt restructuring recognition in US

Move aims to ward off litigation as indebted developer goes through restructuring in Hong Kong and the Cayman Islands.

Hong Kong’s status as fundraising hub undeniable: LianLian DigiTech CEO

‘Global uncertainties have created an abnormal situation,’ but capital flow to growth areas will resume once these die down, Xin Jie says.

Opinion | How Hong Kong’s battered stock exchange can earn its reputation back

An influx of listings with weak financial underpinnings would drive away the investors who sought refuge in the city’s stable markets.

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The Hong Kong skyline on a cloudy day. Photo: K.Y. Cheng

Inside Apprentice winner Bill Rancic’s comeback, starring Eric Trump

Donald Trump taught Bill Rancic that “no one should outwork you”, and it seems the entrepreneur and New York Times bestselling author took heed: here’s what he’s been up to

TV couple Bill and Giuliana Rancic have been through a lot of ups and downs together. Photo: @giulianarancic/Instagram

Bank of Thailand: Governor Sethaput ready to adjust policy to ensure stability

Governor Sethaput Suthiwartnarueput said The Bank of Thailand is ready to adjust monetary policy to ensure stability.

Hong Kong won’t revive pandemic-era guaranteed loan scheme for SMEs: commerce chief

‘As the economy gradually recovers, it’s a heavy burden on the government if we maintain a 100 per cent loan guarantee,’ Algernon Yau says.

Linthin, using big data, grows sports tech business with Hong Kong’s connections

Shanghai-based Linthin Technology aims to put 70 per cent of its R&D workforce in Hong Kong’s Science Park to pursue its regional ambitions

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Justin Zhao (left) and Andy Wong during a media conference on August 23, 2024. Photo: Eric Jiang

Editorial | Pledge for fairer and quicker Hong Kong loan access a needed shot in the arm

Move is an essential platform for sustainable recovery by small and medium-sized businesses from economic pressures beyond their control.

Eleven Hong Kong banks have pledged to provide quicker access to loans for small and medium-sized businesses. Photo: Bloomberg

US Fed chair says ‘the time has come’ to start cutting interest rates

The Fed’s benchmark lending rate currently sits at a 23-year high of between 5.25 and 5.50 per cent, cooling demand in the world’s largest economy ahead of November’s presidential elections.

Opinion | With US rate cuts on the horizon, the glass looks half full again

Lower US rates, helped by Japan’s normalising policy, would boost liquidity and ease dollar pressure, with better days ahead for emerging markets.

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Banking & finance
News about the global financial industry with a focus on developments in Hong Kong and China.
last updated:
27 August, 2024
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