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Hong Kong green financing steering group unveils 2025 priorities
Hong Kong green financing steering group unveils 2025 priorities
The group group is led by the HKMA and the SFC.
Ant International names Jiang-Ming Yang as chief innovation officer
Yang led development of A+ Rewards, CoPilot, and EasySafePay for Antom.
Singapore named 9th best city for fintech startups globally
Bangalore ranked 5th and New Delhi was 10th globally.
India’s scheduled commercial banks’ profits up 12.5% in Q3 FY2025
Operating expenses, treasury gains, and fee income all rose.
HSBC cuts Philips’ currency transactions in China
‘Netting’ cut Philips’ cross-border transactions from 4,000 yearly to just one a month.
Five M&A themes in the banking sector in 2025
Smaller banks may seek M&As to solve or mitigate compliance costs.
Weixin Pay users flock to Hong Kong, Japan for Spring Festival holiday
The use of promotions or “mini programs” doubled in Japan.
ZA Bank partners with TransUnion to offer credit alert service for free
It notifies of new credit accounts opened under their name, amongst others.
Kasikornbank headed for year of portfolio clean-up
UOB Kay Hian “surprised” regarding the Thai bank’s flat loan growth target.
Mizuho’s profits tripled in 9M FY2024
Consolidated gross profits rose 288.9% thanks to the rate hike and NII growth.
Sumitomo Mitsui Financial Group’s profits up 43.3% in 9M FY2024
Earnings per share (diluted) is JPY289.92.
Malaysia’s private non-financial sector loans up 5.2% in Dec 2024
Business loan growth moderated although SME loan growth was “sustained.”
Asia’s fintech transactions to reach $19t by 2025: UnaFinancial
Asian fintech transactions reached $16.8t in 2024, according to the report.
Nearly 90% of Singapore banks lose clients due to onboarding delays
Singaporean banks have been experiencing the highest client losses worldwide due to Know Your Customer (KYC) inefficiencies.
Philippine central bank expands programme for easier exchange of mutilated currency
The Piso Caravan aims to improve coin circulation.
Citi appoints Christie Chang as CEO for Taiwan
She succeeds Aftab Ahmed, who retires after 50 years with Citi.
BNP Paribas net income rises 4.1% to $12b in FY 2024
Revenues during the period saw $50.78b.
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The Asian connection: China's path to sustainable growth