Asian Banking & Finance

StashAway launches wealth management offering for Hong Kong’s HNWs
HNW clients make up 65% of StashAway’s AUM in the city.
ZA Bank officially unveils US stock trading service in Hong Kong
The bank charges a trading commission of US$0.012 per share.
OCBC net profit up 27% S$7.02b in FY2023; final dividend is 42 cents 
Total dividend of 82 cents is 12% higher than the previous fiscal year.
Citi opens two new wealth centres in Singapore
One Holland Village and Parkway Parade have floor areas exceeding 3,000 sqft.
Norinchukin Bank announces senior leadership changes
The leadership changes are effective 1 April 2024.
Ant Group outbids Citadel for Credit Suisse’s China investment bank venture: report
But this faces a “thorough review” because China favors a foreign buyers, sources said.
Mastercard, Octopus enable contactless payments in 180,000 HK touchpoints
Travelers will be able to use their Mobile Octopus across all MTR routes.
Australia’s central bank names first-ever COO
Susan Woods has served as Assistant Governor (Corporate Services) at RBA since 2018.
Citi names J.P. Morgan banker as head of banking, executive vice chair
Viswas Raghavan was CEO of J.P. Morgan in EMEA since 2017.
Hong Kong’s BEA launches WMC 2.0 Southbound services
BEA offers 250 eligible fund products under the expanded WMC scheme.
DBS, Sheng Siong to build sustainable business ecosystem with 1,000 SMEs
DBS will offer upskilling courses and sustainable financing solutions.
E-angpaos sent in CNY tripled in 2024: OCBC
The $100 amount is the most popular e-angpao amount this year.
BSP okays adoption of sustainable finance taxonomy guidelines
It has a “traffic light system” in classifying if finance activities are SFTG-aligned.
MAS investigating Samlit for allegedly failing to remit money to China
The money changer is suspected of failing to comply with obligations as a licensed payment service provider.
Hong Kong’s BEA expected to withstand asset quality strain in 2024: analyst
BEA’s reduced exposure to China’s commercial real estate sector is a positive.

Join the Asian Banking & Finance community

Exclusives

Exclusives

Financial Technology How HomePay is combating renovation scams in Singapore
Money is put in an escrow account and disbursed when milestones are reached.
Retail Banking UBC Chairman Nirvana Chaudhary aims for Top 5 spot in Sri Lanka’s banking sector
He says collaborations are key to driving the Union Bank of Colombo to the top.
Bank Tabungan Negara (BTN) to boost Shariah home ownership loans
As of November 2023, BTN Syariah’s assets have reached IDR 49 trillion.
Banking Technology Mastercard's Matthew Driver on how AI can boost loyalty programs, regulatory compliance
Organisations must realize that not everything is black and white and adjust accordingly.
Banking Technology Mastercard on why biometrics is the future of secure payments
Today it’s a finger tap, tomorrow you may only need your face to pay, says Mastercard’s Karthik Ramanathan.
Banking Technology Traditional finance and crypto can work hand-in-hand, says DigiFT CEO
DigiFTs CEO Henry Zhang advocates growth through collaborative innovation, risk management, and regulatory compliance in finance.
How OCBC’s blockchain expertise is powering Singapore’s digital currency ambitions
OCBC is aiming to commercialise one or two of its blockchain solutions in 2024.

Top News

StashAway launches wealth management offering for Hong Kong’s HNWs
HNW clients make up 65% of StashAway’s AUM in the city.
ZA Bank officially unveils US stock trading service in Hong Kong
The bank charges a trading commission of US$0.012 per share.
OCBC net profit up 27% S$7.02b in FY2023; final dividend is 42 cents 
Total dividend of 82 cents is 12% higher than the previous fiscal year.
Citi opens two new wealth centres in Singapore
One Holland Village and Parkway Parade have floor areas exceeding 3,000 sqft.
Norinchukin Bank announces senior leadership changes
The leadership changes are effective 1 April 2024.
Ant Group outbids Citadel for Credit Suisse’s China investment bank venture: report
But this faces a “thorough review” because China favors a foreign buyers, sources said.
Mastercard, Octopus enable contactless payments in 180,000 HK touchpoints
Travelers will be able to use their Mobile Octopus across all MTR routes.
Australia’s central bank names first-ever COO
Susan Woods has served as Assistant Governor (Corporate Services) at RBA since 2018.
Citi names J.P. Morgan banker as head of banking, executive vice chair
Viswas Raghavan was CEO of J.P. Morgan in EMEA since 2017.
Hong Kong’s BEA launches WMC 2.0 Southbound services
BEA offers 250 eligible fund products under the expanded WMC scheme.
DBS, Sheng Siong to build sustainable business ecosystem with 1,000 SMEs
DBS will offer upskilling courses and sustainable financing solutions.
E-angpaos sent in CNY tripled in 2024: OCBC
The $100 amount is the most popular e-angpao amount this year.
BSP okays adoption of sustainable finance taxonomy guidelines
It has a “traffic light system” in classifying if finance activities are SFTG-aligned.
MAS investigating Samlit for allegedly failing to remit money to China
The money changer is suspected of failing to comply with obligations as a licensed payment service provider.
Hong Kong’s BEA expected to withstand asset quality strain in 2024: analyst
BEA’s reduced exposure to China’s commercial real estate sector is a positive.

Exclusives

Financial Technology How HomePay is combating renovation scams in Singapore
Money is put in an escrow account and disbursed when milestones are reached.
Retail Banking UBC Chairman Nirvana Chaudhary aims for Top 5 spot in Sri Lanka’s banking sector
He says collaborations are key to driving the Union Bank of Colombo to the top.
Bank Tabungan Negara (BTN) to boost Shariah home ownership loans
As of November 2023, BTN Syariah’s assets have reached IDR 49 trillion.
Banking Technology Mastercard's Matthew Driver on how AI can boost loyalty programs, regulatory compliance
Organisations must realize that not everything is black and white and adjust accordingly.
Banking Technology Mastercard on why biometrics is the future of secure payments
Today it’s a finger tap, tomorrow you may only need your face to pay, says Mastercard’s Karthik Ramanathan.
Banking Technology Traditional finance and crypto can work hand-in-hand, says DigiFT CEO
DigiFTs CEO Henry Zhang advocates growth through collaborative innovation, risk management, and regulatory compliance in finance.
How OCBC’s blockchain expertise is powering Singapore’s digital currency ambitions
OCBC is aiming to commercialise one or two of its blockchain solutions in 2024.

Join the Asian Banking & Finance community