Markets
Chinese banks' capital gap to foil economy boost
Chinese banks' capital gap to foil economy boost
Inefficient credit could potentially lead to high systemwide divide.
UOB Asset Management unveils robo-advisory app for retail clients
This makes them the first regional asset management firm to offer robo-advisory.
HSBC denies Chinese media report it ‘framed' Huawei: report
People’s Daily accused the lender of lying about the tech giant.
Indian banks face further credit slump in Q2
Scheduled commercial banks saw weaker credit growth at 5.9%.
South Korea posts record high FX deposits in June
The ongoing pandemic pushed businesses and individuals to boost holdings.
Bank of Japan may have a new pattern when buying stocks
The regulator has said it may buy up to $112b (JPY12t) in ETFs a year.
Australian banking watchdog seeks to update dividend hold policy
It said that the local economy is now less uncertain than in April.
South Korean regulator to end repo agreements
This is due to improved market liquidity and reduced demands.
Citi Hong Kong deploys bots to enhance securities services
It will help reduce potential fail trades and buy-in costs early.
Singapore central bank fines trust firm for money laundering holes
Asiaciti Trust committed money laundering breaches between 2007 and 2018.
APAC banks face $1.27t in credit losses over the next two years
Chinese banks will account for $398b losses in 2020.
China to look into banks' quarterly green finance practices
Metrics include green finance share of total business mix.
Global banks interested in Taiwan after passage of Hong Kong security law
The government sees the shift as a way to reinvigorate economy.
India mulls reducing number of state-owned banks to five
The first part would entail the sell-off of majority stakes in six lenders.
Japan creates team to look into central bank digital currencies: report
It will follow-up on the BOJ’s efforts in this field.
China seizes financial firms linked to probed conglomerates
This is a part of a crackdown on conglomerate-posed systemic risks.
South Korea's money supply grew 1.2% in May
This was due to an increase in household and corporate loans.
Commentary
Asia plays part in $129t global credit market pool
How alternative data lending is reaching Southeast Asia's unscored MSMEs
Asia is leading payments modernisation and banks can't afford to fall behind