The London School Of Economics, one of the U.K.’s most prestigious universities, has rejected a multi-million dollar grant from a Beijing-based venture capitalist. The significance of the move cannot be overstated.
Fidelity International appoints a new president of China who will eventually become the first general manager for the firm’s asset management business onshore.
Multi-family office Golden Equator Wealth adds a seasoned investment specialist to its roster.
China is making rapid inroads towards reducing peer-to-peer lending risk to meet the 2020 target deadline but expects to keep alive the few remaining with strong fintech expertise and shareholder support.
The Singapore-based firm has made its first foray into an overseas market, and is promising Thai travelers affordable options to pay with the competitive exchange rates when abroad.
DBS introduced its fully virtual wealth management capabilities in Hong Kong in grand fashion, accompanying the launch with renowned local celebrities.
Vincent Taupin, the new head of private bank Edmond de Rothschild seems not overly enthusiastic about the prospects of his industry. And yet he claims not to be a masochist.
Foreign visitors to China can now access Alipay for the first time, without needing to have a local bank account.
Singapore cross-border startup InstaReM has withdrawn from the contest for a digital wholesale banking license, preferring to focus on its global business-to-business payments instead. It is the first firm to declare its withdrawal.
QSuper and Sunsuper are in early-stage discussions to merge as regulatory pressure drives consolidation in the industry. Their merger could form the country's largest pension manager.
Orix has agreed to buy U.S. real estate lender Hunt Real Estate Capital in order to tap into the country’s property-linked loan market.
Newly appointed Asia head of RBC Wealth Management, Terence Chow, spoke with finews.asia about its regional strategy and described his immediate focus in three words: «growth, growth and growth»
Singapore's second-largest lender reported core net profit of S$1.26 billion in the third quarter, slightly above the $1.25 billion reported a year earlier.
It was recently unveiled that alleged 1MDB mastermind Low Taek Jho had obtained a Cyprus passport in 2015 which involved the backing of the country’s Orthodox church head, Archbishop Chrysostomos II.
Uncertainty looms with regards to market response to upcoming issuances of medium-term loans by the People’s Bank of China – a key guide for the nation’s prime rate.
OCBC Bank is in talks with Keppel Corporation, peer-to-peer lender Validus Capital, and Vertex Ventures, to form a digital-bank consortium.
Venture capital deals in Asia Pacific dropped by one-fifth in the third quarter, attributed to a Chinese economic slowdown, but tailwinds await due to upcoming policy reforms.
China Life Pension has doubled its assets under management in the past 12 months to more than 1 trillion yuan ($142bn) and could soon join the ranks of the world’s largest pension funds over the next two years.
Investors in Asia can soon get their hands on wholesale bonds for as little as $1,000 as fintech firm BondEvalue taps on the power of blockchain.
DBS signed a memorandum of understanding with the Chinese University of Hong Kong for the inaugural fintech masters degree to further innovation and academic strength in the emerging field.
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