The Hong Kong Monetary Authority has hired U.S. blockchain technology company ConsenSys to study the use of a central bank digital currency for cross-border payments.
Citigroup launched a digital portal for exchange-traded funds in the Hong Kong market, allowing dealers including market makers and investment firms to place more orders related to the offerings online.
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.
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.
BNP Paribas is discontinuing its commodity trade financing activities in Switzerland, a move that could affect 120 Geneva-based employees, the bank’s Swiss group said Wednesday.
The Bank of East Asia said on Wednesday that it is planning to sell its life insurance business BEA Life after a “comprehensive strategic review” of its portfolio and assets, which followed a yearslong battle with shareholder Elliott Management over the bank’s future.
London-based Standard Chartered unveiled a new virtual bank built for tech-friendly users in Hong Kong called Mox on Tuesday, as legacy banks continue to capitalize on a digital shift during the pandemic.
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.
Hong Kong’s Securities and Futures Commission is considering adopting what it called a “risk-based approach” as part of a series of changes for the global banking hub’s anti-money laundering and counter-financing of terrorism guidelines.
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.
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.
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.
Diginex moved a step closer to trading on the Nasdaq exchange after shareholders of a blank check company approved a merger with the cryptocurrency and blockchain services firm.
BNP Paribas’ investment management arm has partnered with capital markets fintech Digital Asset to design trade and settlement apps which can be integrated with exchanges transitioning to blockchain technology.
Tougher Hong Kong regulations for domestic insurance groups that operate internationally would strengthen their risk and capital management, Fitch Ratings said Monday.
Leveraging ongoing interest in blockchain technologies and digital currencies, Hong Kong-based Diginex raised $20 million as it prepares to list on the Nasdaq exchange later this month through a blank check company.
Hong Kong’s insurance regulator proposed a rule on Thursday to allow only “qualified” investors to trade in catastrophe bonds and other insurance-linked securities, a market the city is preparing to enter in 2021.
Tokyo-based Ueda Yagi Tanshi Co. will be the first wholly foreign-owned money broker to operate in mainland China, after receiving approval on Friday from the China Banking and Insurance Regulatory Commission.
Belgian insurer Ageas turned down an acquisition offer from investor consortium BE Group as it navigates a transitional period that includes a leadership change and an increased focus on Asian markets.
Hang Seng Investment Management launched the Hang Seng TECH Index ETF on Friday, a move that aims to allow investors to capitalize on the growth potential of specific technology sectors in Hong Kong.