News
Planned BRICS bank to complement World Bank
Planned BRICS bank to complement World Bank
But intends to break the grip of Americans, Europeans and Japanese in major lending institutions.
ICBC launches renminbi clearing services in Singapore
Also inaugurates three new “hubs” focusing on renminbi businesses.
UOB Mobile records 1m transactions every month
More than 70% of UOB customers use the App.
What to expect of BOCHK in 2013
Offshore RMB business is key.
Australia to secure currency conversion deal with China
Government green lights deal that should cut the costs of doing business with China.
China-Taiwan banking consultations continue
China said talks with Taiwan should produce “good results”.
RBI slams proposal for Unified Financial Agency
Central bank also nixes plan to remove its debt management powers.
ICBC reports 14.5% hike in earnings
Performance in 2012 makes it the world’s most profitable bank.
Singapore banks' 2013 housing loan growth pegged at 8%
It's just half of 2012's feat.
Aussie banks investing massively in Asia
Australia’s cash flush banks’ holdings of Asian assets jump 315% since 2008.
India likely to have one regulator for the finance sector
Five regulating agencies to be merged into a Unified Financial Agency.
Philippine banks to enforce most Basel III reforms
Are vying to be among the first Asian banks to price Basel III-compliant subordinated debt.
Indian banks opening more branches in tax havens
Indian banks open 55 branches in tax-friendly states.
China’s banking crisis has begun
Hong Kong economist said debt bomb is about to explode.
ABC and BOC report slower profit growth
Two of the Big Four banks said economic slowdown crippled loan demand in 2012.
China warns banks anew on WMPs
Orders banks to strengthen checks on underlying assets of Wealth Management Products.
Higher credit charges help depress ABC’s net profit
Agricultural Bank of China reported net profit of RMB 145.1bn for FY12.
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Commentary
APAC has mastered domestic payments. The next challenge is connecting them.
Why fragmented communications are becoming a hidden governance risk for Asia Pacific banks
From automation to agency: Asia’s wealth leaders can reinvent, not just streamline
Singapore aced its FATF evaluation — now comes the hard part
Are Asia’s digital banks prepared for the stablecoin era?
Why APAC is building home-currency stablecoins
Why Southeast Asian wealth managers must design the business before buying the technology
Why trust in Asian banking increasingly gets built off the record
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
The financing challenge behind Asia’s wealth transfer