Financial Services
StanChart unit, BC Group to create crypto-exchange platform
It will target corporate clients in the UK, and Europe.
StanChart unit, BC Group to create crypto-exchange platform
It will target corporate clients in the UK, and Europe.
Daily Briefing: Russia central bank governor says digital currencies are the future; OPEC to boost oil output; IMF and World Bank to prioritize vaccinations
Russia could pilot test the digital rouble next year.
Daily Briefing: US & China trade envoys meet; HSBC exits US retail banking; Australian state locks down
Trade envoys from the US and China talk on the phone for the first time since US President Joe Biden took office.
Global Strategic Group sees smaller loss at $17.46m over last half-year
The Group previously recorded a $61.06m loss in the six months to March 2020.
SFC starts granting subsidy for setting up REITs, OFCs
The scheme will operate for three years until 9 May, 2024.
No fees for loan scheme application: HKMCI
This follows reports that handling fees were being charged for false instruments.
Green finance grant scheme starts 10 May
The scheme will grant subsidies to bond issuers and loan borrowers to cover expenses.
Private Swiss bank buys BMO private bank in Hong Kong and Singapore.
The J Safra Sarasin Group completed the acquisition of the Bank of Montreal’s Private Banking Business.
Fewer SMEs now struggle in securing bank credit: survey
A total of 30% of SMEs perceived more difficult credit approval, down from 35% previously.
BOC Hong Kong's operating income climbs 16% to $13.42b in Q1
The Q1 performance, however, was lower by 9.8% year-on-year.
HSBC's profit up 82% amidst expected credit losses
Its net profit for the quarter amounted to $35.7b (US$4.6b).
Citi to hire 300 new relationship managers for Hong Kong wealth arm
The bank has outlined bold plans to triple its client numbers and double assers under management by 2025.
Savings, investment-linked insurance products boom amidst low rates
Hong Kong Business' annual insurance rankings reveal that the city’s top insurers yielded $688b in terms of assets in 2019.
China Merchants Bank net operating income increases to $345b in 2020
It represented a 7.6% YoY rise, compared to 2019.
Moody's rates Guotai Junan Holdings' US$3b medium-term note
The company received a long-term and short-term rating of (P)Baa1 and (P)P-2.
Huarong AMC at risk of a Moody's rating downgrade
The company’s ratings are currently under review, but negative sentiments persist.
Haitong International joins Singapore Exchange
This will allow the Group to expand its service scope ifurther into the Greater China region.
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