Staff Reporter
Weekly Global News Wrap: China floats $1.3m asset minimum for hedge fund industry; US levels banks with $549m in penalties
Weekly Global News Wrap: China floats $1.3m asset minimum for hedge fund industry; US levels banks with $549m in penalties
And the Netherlands’ Rabobank sees profits double in H1.
Citi names Gunjan Kalra as APAC head of Citi Commercial Bank
Kalra has been APAC head of corporate sales and solutions since 2021.
Syfe launches Syfe Income+ product in Hong Kong, target 6% to 8.6% payouts
The digital investment platform held a seminar alongside the product’s launch.
OCBC offers digital invoice financing to SMEs
Over 55,000 SMEs are registered in InvoiceNow.
DBS chief Piyush Gupta sells 100,000 shares, nets S$3.42m
Of these, 91,900 were sold at S$34.2253.
Hang Seng Bank opens two new cross-boundary wealth management centres
One is in Shenzhen and the other is in Tsim Sha Tsui.
Half of fintech investments in SEA are from Singapore – Robocash
Indonesia comes second with $20.8b.
Mastercard enables China visitors payment option through WeChat Pay
Inbound cross-border travel to China improved to around 50% of 2019 levels.
Big banks, investors fund Endowus digital wealth leadership in Asia
It was able to raise $35m from global banks, existing investors, and four Asian billionaire families.
Alliance Bank Malaysia's Virtual Credit Card wins New Consumer Lending Product of the Year at Asian Banking & Finance Awards
The revolutionary Virtual Credit Card with Dynamic Card Number feature sets new standards in digital banking, offering enhanced security and eco-friendly transactions.
Alliance Bank's Alliance Digital SME Honored as Financial Inclusion Initiative of the Year - Malaysia
Its transformative Alliance Digital SME earns recognition for its seamless digital banking journey and significant shift towards branchless banking.
MAS pledges S$150m to aid the financial sector
The scheme aims to back projects and maximise the use of technologies.
Chart of the week: alternative payments used in 1 in 3 online shopping transactions
Singapore’s e-commerce market is forecast to grow by 15% this year.
OCBC prices S$550m perpetual capital securities at 4.5%
OCBC served as the sole lead manager and bookrunner for this issue.
Mizuho partners with KOKO Networks to offer carbon credits to clients
Proceeds from the sale of premium carbon credits are distributed as substantial discounts on KOKO Fuel.
Vietnam’s HDBank registers $232.4m in profits for first semester
It also finished adopting Basel III standards.
Fasset superapp aims to use digital assets to drive financial inclusion
The digital asset company plans to eventually offer remittance, lending, and borrowing.
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1. BSP offers loan relief measures to ease energy price pressures 2. CIMB commits to Kuala Lumpur digital MSME push 3. Malaysia finance firms see AI ambitions falter as legacy systems block progress 4. Affin Bank sees AI reshaping Malaysia wealth advisory over next 3 to 5 years 5. HSBC to roll out HKD-denominated stablecoins in H2 2026Resource Center
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