Markets

Why high capital levels are a double-edged sword for Singapore banks

The banking sector in Singapore has shown signs of expansion, with loan growth rising to approximately 5% in 2024.

OCBC leads regional sustainable finance rankings in 2024

As of September 2024, the bank’s sustainable finance loan commitments reached $64.7b.

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

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.

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.