Megvil Technology is seeking a potential $1 billion IPO in Hong Kong to become the first listed artificial intelligence firm and has dedicated a standalone section in its prospectus to assure the market of ethical conduct through various organizational mechanisms...
The Thailand-based hospitality firm has received approval for its IPO listing from the Thai securities regulator and is now gauging interest from investors.
The Swiss bank conceived a product intended to shield its American clients from market storms. Instead, clients accuse UBS of causing losses – and they stand a good chance of prevailing.
Chinese healthcare startups dominated the ranks in 2018, attracting nearly 90 percent of total fundraising.
The affluent population in China is set to surpass the 56 million mark in 2022. The number of affluent individuals recorded an average annual growth rate of 9.2 percent in the previous four years.
The Swiss banking regulator granted banking licenses to two cryptocurrency-focused banks – the alpine nation's first. Both projects are backed with heavy financial artillery and high-profile bankers.
L Catterton appoints former Singapore head at McKinsey as its new co-maanging partner of Asia funds.
After multiple postponements and a last-ditch effort to further delay the case till September 3, the Najib Razak and 1MDB trial will commence on August 28.
Certain authorized fund managers did not have adequate liquidity risk management systems and controls in place, Hong Kong's regulator found. They are reminded to review their policies and systems.
Xiaomi is expected to launch a consumer lending business in India in the coming weeks but key concerns remain regarding privacy and the smartphone maker’s data collection practices.
In its bid to boost fee-based revenue, Japan’s Sumitomo Mitsui Financial Group will buy British asset manager TT International for nearly 20 billion yen.
In a rare act for the fiat paper sector, a major player – DBS – named a cryptocurrency in its public marketing collateral and called it more cost-efficient and effective than the traditional SWIFT system.
HSBC’s drive to cut headcount continues, this time targeting merger advisory teams in Japan and Australia.
UBS is hiring a well-known City figure and former adviser to the Bank of England's head Mark Carney for its going-green push. His most pressing order of business is a foundering stock price.
Swiss banker Max H. has lived in Hong Kong for over ten years. He tells finews.com how widespread protests in the Chinese territory are affecting bankers in the city.
Bloomberg released its list of Asia’s top 20 wealthiest clans which now have a combined net worth of over $450 billion.
In a bid to provide a one-stop shop for real estate and infrastructure, Deloitte has acquired a Hong Kong architecture firm to boost its advisory capabilities.
The country is said to be partially lifting import restrictions on gold, reversing measures put in place since May.
Data visualization tools have existed for a while, but few could handle non-linear associations. Qlik's associative model lets users see what is currently existing and non-existing, uncovering business possibilities for financial institutions, it shares in a...
Deutsche Bank has agreed to pay more than $16 million to the U.S. Securities and Exchange Commission to settle charges that it hired «poorly or unqualified» relatives of foreign officials in Asia and Russia.
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