China
China orders banks, insurers to draft 'living wills': report
China orders banks, insurers to draft 'living wills': report
This is to ensure that troubled financial institutions won't end up needing costly bailouts.
HSBC plans to split leadership of Asia with two co-heads: report
Wong protege David Liao and India’s Surendra Rosha are rumored to become co-heads.
China’s Huarong likely to receive extraordinary government support: S&P
This also bodes well for its overseas bond issuer Huarong International.
Deutsche Bank appoints new head of trade finance & lending in China
Daniel Qian is also head of structured trade & export finance.
China’s $1.3t domestic debt hurtles to maturity as defaults surge: report
The huge debt, unprecedented pace of defaults underscores local authorities’ conflicting goals.
Global banks on a hiring craze as they vie for rich Asians’ assets
HSBC, Goldman Sachs, and Citi are all eyeing a piece of the region's trillion-dollar financial market.
VCs flocking to "lucrative" APAC payments segment: report
Global VC deals rose to 620 in Q1 2021.
China injects $15.5b cash into the financial system to maintain liquidity: report
The nation’s top leaders recently described economic recovery as “unbalanced and unstable.”
Chart of the Week: Card payments in China to rebound 21.3% in 2021
Card payments are set to rise as economic activities gathers pace.
Goldman Sachs ramps up China ambitions with hiring spree: report
It is planning to add over 400 new people in its headcount in 2021 alone.
HSG shares insights on modelling core banking IT for the digital economy
Sisi Yu gives us a glimpse of how banks can achieve higher performance through improved services.
China’s digital currency fails to excite locals: report
Chinese people showed little interest in switching from mobile payment systems of Ant, Tencent.
Banks in China, Japan still APAC’s largest lenders: S&P
S&P’s list of the region’s 50 largest banks saw 6 Chinese and 4 Japanese banks up top, whilst Australian banks slid down.
Chinese neobank MYbank aims to be active in 2,000 rural counties by 2025
The bank said that it has served over 35.07 million SMEs in 2020.
Ant Group’s valuation might fall to $29b amidst regulatory scrutiny: analyst
Pre-clampdown, the group’s valuation is at $320b, according to Bloomberg Intelligence.
DBS to acquire 13% stake in Shenzhen Rural Commercial Bank for $810m
It will become SZRCB’s largest shareholder upon the deal’s completion.
MUFG China appoints new deputy president
Johnson Yuan takes over from Liu Lihong, who is transferring to Japan.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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Why high capital levels are a double-edged sword for Singapore banks