Financial Services
Ping An launches digital RMB insurance policies in Shenzhen
Ping An launches digital RMB insurance policies in Shenzhen
This insurance policy provides compensation to medical workers for COVID-19 and accidental death.
HK’s wealth management business growth may attract China’s onshore investors
Onshore investors from China currently accounts for 10% of the asset and wealth management business in 2020.
Asset and wealth management business grows 21% to US$4.5t
The growth was attributed to the strong net fund inflows in 2020.
East Asia-Pacific central banks go green through Asian bond fund
This is aimed at further establishing local currency-denominated green bond markets in the region.
Banks’ credit losses to revert to pre-COVID levels ahead of end-2022
It will likely decline faster, in light of the anticipated strong economic growth in the city.
HKMA appoints Donald Chen as new executive director
This will take effect on 1 November this year.
HKMC to launch new retirement plan products
"HKMC Retire 3" brand will cover three of HKMC’s retirement plan products.
HKMA, Hong Kong banks warn public against phishing attacks
Phishing emails and messages detected in the first half were 145% higher.
CITI to provide fund services for Income Partners’ MRF Northbound Fund
It will also provide share class hedging services amongst others.
HKEX launches new funding scheme for local NGOs
It will extend some $10m for short-to-medium term local community projects.
AEON profit climbs 28.8% to $97m in Q1
This is despite a 14.4% drop in revenue.
SFC to raise standards for industry professionals
The revised guidelines will take effect on January 2022.
Here’s five focus areas of HKMA’s Fintech 2025 strategy
The HKMA eyes fully digital banks, next-generation data infrastructure and more.
The Exchange, FRC strengthen financial reports oversight
This is to ensure the quality of financial reports of listed companies is upheld.
Wealth Management Connect now in the “home stretch”: SFC
The scheme will allow cross-boundary investment in wealth products of banks in the Greater Bay Area.
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.
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