News

UOB and Hang Seng back HK five-year plan on RMB, wealth and SME priorities

Hong Kong plans to strengthen its role as a global offshore renminbi hub.

Barclays nabs Morgan Stanley’s SG wealth chief to lead Asia private banking

Barclays Private Bank India will remain under the leadership of Adrish Ghosh.

Hong Kong’s banks to gain from city's first five-year plan: S&P

Areas of focus include offshore RMB, and asset and wealth management.

HSBC joins China's nationwide cross-border cash pooling programme

HSBC China has established over 260 cash pools for multinationals to date.

Malaysia nears universal accounts but formal borrowing lags at 15%

Progress is driven by habits established early in Malaysians’ financial journeys.

HSBC Trust and Fiduciary Services’ assets jump 40% in five years

The TFS business marked its 80th year of operations in Hong Kong and Singapore.

Syfe surpasses $15.67m AUM with new trading and lending services

Its brokerage services will roll out a stock lending service soon.

Only 2% of APAC bank leaders confident in scam detection

About 49% said they are not very confident and 2% are not confident at all.

Bank of Singapore unveils new platform for donor-advised funds

Clients may choose from managed portfolios, pre-approved funds, or grant-making DAFs.

Private Equity 01Fintech invests in Indonesia’s DANA

They plan to expand credit and capital access for MSMEs.

Krungthai Card’s profit likely to rise in Q3 but provisions to rise: UOBKH

KTC’s management said the quality of potential clients remains a concern.

ChinaAMC completes digital fund transaction using HKD stablecoin

OSL HK handled trading and settlement, whilst Standard Chartered provided custody.

BSP announces five convictions for rural bank fraud and unlicensed services

Two former rural bank officers were convicted for fraudulent loan transactions.

Mox Bank names Philip Wong as chief commercial officer

Wong was a managing director at Standard Chartered.

TISCO Q3 profit seen rising 3% on credit cost relief: UOBKH

The investment bank’s loan portfolio is expected to log a growth in Q3.