Markets
Aluminum Corporation of China enters Hang Seng, CSI index
Aluminum Corporation of China enters Hang Seng, CSI index
This brings the total number of constituent companies to 50.
Hong Kong leads APAC loan market with US$113.3b in 2024
Offshore loans for Chinese corporates drove Hong Kong’s loan volume, totalling to US$66.7b or a 19.5% increase compared to 2023.
Singapore loan market sees nearly 49% growth in 2024
Key driver was the borrowing activity by commodities firms, which accounted for US$18.4b or 23% of the total loan volume
Citi names Jeff Wu as head of market sales for China
Wu will relocate to Shanghai.
South Korea to unveil guidelines for short-selling
It plans to expand the English DART and Open DART services in January.
Singapore bankers to see up to 30% pay rise in 2025
But overall hiring trend remains cautious with employers opting for replacement hiring.
Hong Kong bankers to see 15% to 20% salary hikes next year
But middle and back-office recruitment is expected to focus on replacing existing roles.
UOB taps Leong Yung Chee as new CFO
The appointment will take effect on 22 April 2025.
OCBC sets up dedicated teams in Singapore, Malaysia to support SMEs
The two teams will comprise 25 experienced bankers.
BNY names Ashvin Parkash as head of global markets trading for APAC
Parkash joins from Nomura and brings 25 years of industry experience to the role.
SBI Funds Management names Nand Kishore as managing director and CEO
SBI Funds Management is a JV between the State Bank of India and Amundi.
SG, China deepen cross-market ties in green finance and investments
The collaboration aims to boost international investment interest.
HKMA and partners inject US$500m for sustainable finance investments in Asia
The partners will focus on renewable energy infrastructure, energy solutions, and sustainable transportation.
MAS and IMDA to implement new framework against phishing scams
The new framework will take effect on 16 December.
BofA sees 51% rise in API use for real-time treasury needs
Business clients are using APIs to simplify onboarding and accelerate transactions.
EnterpriseSG and CEB to boost financing for Singapore firms' overseas expansion
The initiative will support EnterpriseSG's enterprise financing scheme.
Why do CFOs struggle with sustainability reporting requirements?
The study said 60% are unsure about the resources required to meet new reporting obligations.
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