Former Fed chair Janet Yellen defended against the decision for further easing while holding office during a keynote luncheon at the Asian Financial Forum 2020.
A major heavyweight in onshore wealth management in China has left China Merchants Bank and is believed to be joining a foreign financial giant.
Chinese equities in 2020 are expected to attract more than $40 billion from foreign investors, according to UBS, in the midst of the country’s ongoing market opening of its financial sector.
Lombard Odier’s asset management, which specializes in sustainable investments, has appointed a new fund manager to take its alternatives-platform to a new level.
Hong Kong’s chief executive reassured attendees of the Asian Financial Forum 2020, underlining that anti-government movements have not undermined the city’s financial system.
Singapore-based venture capital firm Life.Sreda has applied for a digital wholesale banking license here with the aim of serving «higher-risk» clients that include blockchain or crypto-related businesses.
A Hong Kong official unveiled that the local regulator had successfully attracted half the local population to become users of its digital payment system during the Asian Financial Forum 2020.
Hong Kong's fund managers, concerned about the unrest in Hong Kong, are asking questions about opening offices in Singapore, say consultants.
A record year for defaults in China led the nation to dispose of around 2 trillion yuan in non-performing loans in 2019.
The Association of Cryptocurrency Enterprises and Start-ups, Singapore announced on Monday that it successfully ran an on-premise blockchain voting during its annual general meeting (AGM).
United Overseas Bank (UOB) has projected an S$10 billion market opportunity in serving Southeast Asia's millennials and hopes that its digital outfit TMRW can capture a meaningful portion.
Consultancy and fund management firm Golden Equator Group launches Brunei unit business following an $18.3-million injection from investors last year.
The bank’s former chairman was expelled by China’s ruling party due to serious violations and the loss of his «ideals and convictions».
Indonesia’s first digital bank, Bank Rakyat Indonesia announced on Monday that it has earmarked $1 million for Indonesia Mall, an early-stage assisted e-commerce program that aims to help small enterprises open new revenue channels by participating in the online...
Prominent lawyer Isabelle Romy is leaving UBS’ board – early. finews.asia surmises a link to the Iqbal Khan surveillance affair.
Foreign entrance into China’s rapidly opening markets continues to accelerate with Goldman Sachs being the latest global player to boost its presence with plans to double headcount to 600.
U.K.-based asset manager M&G hires a head of distribution for the Asia ex-Japan region.
Finance firm Singapura Finance and digital payments startup MatchMove Pay are believed to have partnered for Singapore's digital bank license.
ZA Bank, amongst the first generation of Hong Kong's digital banks, announced its entrance with a 6 percent introductory rate for deposits. This is over 3 percentage points higher than established banks such as HSBC and Standard Chartered.
J.P. Morgan and Nomura are prepping for increased headcount in China by significantly boosting office space in Shanghai.
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