Markets
Chart of the Week: Hong Kong’s wealth market to grow 7.8% in 2021
The number of HNWIs is expected to reach 3.9 million in 2021 or 60.6% of the population.
Chart of the Week: Hong Kong’s wealth market to grow 7.8% in 2021
The number of HNWIs is expected to reach 3.9 million in 2021 or 60.6% of the population.
Hong Kong lenders gear up sustainability initiatives as post-pandemic era dawns
The total combined headcount across 18 banks in the city is down 2,000 from just 12 months ago.
India mulls phased roll out of central bank digital currencies: report
Its launch will require legal changes to the nation’s foreign exchange and IT rules.
UnionBank clinches Philippines’ 4th digital bank license
UnionDigital will be a wholly-owned subsidiary of the Philippine lender.
Hong Kong arrests 4 in alleged $155m crypto money laundering case: report
This is the first time that the city detected a money laundering case with cryptocurrency.
India’s banking system privatization plagued with capital, regulatory woes
They need to pump money into lenders before selling them if they want to make them more attractive to potential buyers, reports S&P.
Citi APAC pilots program to help young social entreps scale up their operations
They studied ways to expand to new markets, and refined marketing and growth strategies, amongst others.
SEA banks’ asset quality visibility still cloudy amidst extended loan relief schemes
Non-performing loan ratios will likely peak only by end-2021 or 2022, when relief measures expire.
MUFG Bank inks MOU with Western Australia on renewables
The agreement also cover the sectors of energy, agribusiness, education, tourism and manufacturing.
Risks for Sri Lankan banks may rise when ISB investment suspension lifts: Fitch
Even with the suspension lifted, banks will still have difficulties accessing foreign currency funding.
UOB invests $200m in digital innovation, aims to double wealth fee income by 2025
The bank has launched SimpleInvest, where clients can begin investing for as low as $100.
Central American development bank to open Seoul office: report
The bank has the goal of opening the office within 2021.
Growing exodus of junior bankers poses talent shortage for banks in Asia: report
Even raises of up to 30% has failed to stop junior investment bankers from leaving.
Hana Financial clinches prelim nod to set up asset manager in Singapore
The group said that its entry in Singapore is a springboard to expanding globally.
Balancing regulatory drivers and customer experience in financial institutions
The event will bring together experts from LexisNexis Risk Solutions and the city’s leading financial players.
China’s Huarong likely to receive extraordinary government support: S&P
This also bodes well for its overseas bond issuer Huarong International.
India, Philippines banks in trouble amidst renewed infection surge
Emerging banks in Asia continue to be in a tough operating environment, says Fitch.
Thought Leadership Centre
In Association with
In Association with
In Association with
Most Read
1. OCBC launches $676.95m fixed rate subordinated notes 2. SGX welcomes ETF tracking APAC financial institutions 3. MAS appoints trade minister Gan Kim Yong as new chairman 4. Atome’s BNPL debuts on Taobao Singapore 5. Standard Chartered names three leaders to global transaction banking teamResource Center
Read Here
Advertise
Sign Up
Awards
Jul
04
Jul
04
Jul
04
Events
Jun
24
Event News
Event News
Unlock the future through the Asian Banking & Finance Forum 2024 in Kuala Lumpur
![Unlock the future through the Asian Banking & Finance Forum 2024 in Kuala Lumpur]()
Co-Written / Partner
Join the journey on 25 June 2024, and be part of the catalyst for progress in this dynamic sector.
Join the journey on 25 June 2024, and be part of the catalyst for progress in this dynamic sector.
Videos
Partner Sites
Thought Leadership Centre
In Association with
In Association with
In Association with
Most Read
1. OCBC launches $676.95m fixed rate subordinated notes 2. SGX welcomes ETF tracking APAC financial institutions 3. MAS appoints trade minister Gan Kim Yong as new chairman 4. Atome’s BNPL debuts on Taobao Singapore 5. Standard Chartered names three leaders to global transaction banking teamAwards
Jul
04
Jul
04
Jul
04
Events
Jun
24
Commentary
Generative AI’s role in the evolution of banking