News

Hong Kong steering group launches sustainable finance internship

The programme aims to encourage students to make a career in the field.

BNPL, digital wallets accelerates growth of e-commerce fraud: study

Global e-commerce fraud will exceed $48b in 2023, and 22% will be from Asia.

Expect faster credit, more government issuance in China through 2022: ING

Government spending should continue to increase in order to provide enough job stability.

Citi names Keith Lee as Hong Kong high net worth market manager

He has 25 years of experience in the financial industry.

Malaysia, Indonesia sukuk markets to slow in near-term: Fitch

Issuance in core markets, which include the two countries, fell 14.4% in Q3.

China new bank lending rise in September: report

Household loans rose to CNY650.3b in September.

HSBC Global Private Banking launches Chengdu, Hangzhou units

The newly established teams are comprised of relationship managers and investment counselors.

Citi TTS to launch 24/7 USD clearing service in Q4

Clients can make USD payments globally 24/7, even during holidays.

Fintechs to play transformative role in cross-border payments: MAS

MAS said the current state of cross-border payments is unfit for the 21st century.

Standard Chartered unveils digital trade portal Trade Track-It

Customers can track vessels and check sustainability compliance.

Bank of China HK warns of fake website

It has already been reported to the HKMA and the local police force.

Sumitomo Mitsui securities unit suspended from block trading for 3 months

SMBC Nikko employees were suspected of conducting illegal stabilization transactions.

DBS unveils tech apprenticeship programme for polytechnic students

It will take in 20 students this year to start and later expand across all 5 polytechnics in SG.

Islamic banks must boost market share before any “radical” changes: analysts

But an abolition of the fractional reserve banking system may be a good idea.