China eases foreign-investor requirements to draw more outside capital

32 seconds ago.
China will combine two large foreign-investor programs and open up more of its financial markets to outside institutions, relaxing several rules as it encourages a rising global profile for its currency.

Huawei unveils product supporting contactless banking, financial inclusion

38 minutes ago.
Chinese telecommunications company Huawei on Friday launched a product to help financial intitutions develop remote services, amid a push to provide more digital offerings especially to customers not already reached by the traditional banking sector.

Ant Group partners with banks to roll out blockchain-based cross-border trade platform

3 hours ago.
Ant Group on Friday unveiled a new cross-border trade finance platform powered by its Blockchain-based unit AntChain in partnership with major global banks as the Chinese fintech readies for its blockbuster initial public offering.

FTSE Russell adds China to influential World Government Bond Index

4 hours ago.
FTSE Russell will include Chinese government bonds in its World Government Bond Index beginning in October 2021, in a move that could result in up to $140 billion in additional inflows for China.

China lags behind other markets in climate-risk disclosures: Ping An

September 24, 2020.
Chinese companies need to develop more rigorous standards for disclosing and understanding risks posed by climate change, researchers from Chinese insurer Ping An said in a report Thursday.

Banks in US, Europe, Japan will not recover to pre-pandemic strength until 2023: S&P

September 24, 2020.
Banks in the U.S., Europe and parts of Asia will not return to pre-pandemic levels of credit strength until 2023, S&P ratings said Wednesday, warning the sector may take years to recover after the launch of a successful vaccine.

BMO said to exit Hong Kong’s ETF market

September 23, 2020.
Canada’s BMO Global Asset Management is reportedly the latest global firm to pull out of the Hong Kong exchange-traded funds market with plans to sell its seven locally listed funds to China Asset Management (Hong Kong), just weeks after Vanguard revealed it was leaving the market.

Credit Suisse CEO expects wealth management slowdown

September 22, 2020.
Credit Suisse CEO Thomas Gottstein said Tuesday that he expects the firm’s wealth management business to slow down in the third quarter and bank consolidation to continue in Europe as the economy seeks to recover from COVID-19.

Chinese securities brokerages merge as global players look to enter market

September 21, 2020.
Chinese brokerage Guolian Securities is set to acquire bigger securities peer Sinolink Securities, a move that may kickstart the consolidation of brokerages in China, as foreign players increasingly enter the nation's financial sector, leading to more competition.

Ping An launches its first UCITS vehicle to give global investors a way into China

September 21, 2020.
Chinese insurer Ping An Group said on Monday that its offshore asset management unit launched its first Undertakings for Collective Investment in Transferable Securities umbrella fund to provide global investors opportunities to invest in China's equity and fixed income markets.

People's Bank of China launches digital currency projects in fintech partnership

September 21, 2020.
China's central bank formed a partnership on Saturday with the fintech arm of JD.com, one of China's largest e-commerce companies, for projects like the development of apps to support digital currency efforts.

Shanghai Stock Exchange calls out suspected IPO tampering ahead of Ant Group debut

September 21, 2020.
China’s Shanghai Stock Exchange told investors to “strictly abide” by rules for initial public offerings over concerns that buyers, sellers and underwriters may have colluded to suppress prices on its technology board.

Paytm app briefly pulled from Google Play Store for gambling policy violations

September 18, 2020.
Google yanked the popular Indian mobile payment app Paytm from its Google Play Store Friday for violating its gambling policies with the launch of a new marketing campaign, leading to a war of words between the technology companies before the app was restored hours later.

Ant Group gets green light for Shanghai listing as part of blockbuster IPO

September 18, 2020.
Chinese fintech Ant Group cleared a key hurdle for its blockbuster initial public offering Friday when a committee approved its proposed listing on the Shanghai Stock Exchange’s STAR Market.

AI fraud detection ‘arms race’ poses ethical dilemma for insurers

September 18, 2020.
An Israel-based company promises insurers state-of-the-art weaponry in the fight against fraud: artificial intelligence that reveals the “genuine emotional state of a person” when they file a claim.

ICBC launches first virtual Visa credit card in Hong Kong

September 17, 2020.
Industrial and Commercial Bank of China said Thursday that it has launched the first Visa virtual credit card in Hong Kong in response to the increasing popularity of cardless payment via mobile phones.

China’s ‘credit negative’ pricing reforms may hurt auto insurance profits

September 17, 2020.
Chinese auto insurance profits will likely take a hit from a fresh wave of regulatory reforms making payouts more expensive for carriers, despite the benefits from fewer accident claims in the pandemic, Moody’s said.

SGX ushers in the first China bond ETF in Singapore, created by CSOP, ICBC

September 17, 2020.
The Singapore Exchange on Thursday unveiled the listing of the world’s biggest exchange-traded fund to invest solely in Chinese government bonds, aiming to capitalize on investors’ accelerating demand to access opportunities in the second-largest bond market on the globe.

Systemically important banks stand best chance of weathering pandemic: Moody’s

Last modified September 17, 2020. Published September 17, 2020.
The world’s largest banks are better equipped to handle the current crisis than the rest of the sector as a result of regulation and restructuring imposed after the 2008 financial crisis, Moody’s said Thursday.

New Hong Kong insurance rules would strengthen management of risk, capital: Fitch

September 15, 2020.
Tougher Hong Kong regulations for domestic insurance groups that operate internationally would strengthen their risk and capital management, Fitch Ratings said Monday.