Financial Services

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.

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: 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.