Frances Gagua
New license for virtual asset providers, relaxed listing to rock Hong Kong’s fintechs
New license for virtual asset providers, relaxed listing to rock Hong Kong’s fintechs
Virtual asset service providers will now need to be licensed.
Citi names Tibor Pandi as Citi country officer for Singapore
Pandi has worked in Citi for 22 years.
DBS Hong Kong unveils eLaisee function
Customers who send an eLaisee also have the chance to win up to HK$288 in cash rewards.
India’s HDFC Bank net profit up 18.3% in Q4
Net interest income and fee income rose to INR6,052.6 crore during the quarter..
Bank of Thailand issues consultation paper on virtual bank licensing
BOT is inviting comments and suggestions on the proposed framework by 12 February.
South Korea’s household lending rate soars to highest in 10 years: report
The household lending rate hit 5.57% per annum on average in November.
UOB to issue S$850m perpetual capital securities with 5.25% rate per annum
The distribution rate will reset on 19 January 2028 and every five years thereafter.
Bank of China (Hong Kong) warns of fake website
Customers who logged in the fake website are advised to immediately contact the bank.
Indian banks’ lending to NBFCs up 150% from pre-COVID levels
In November, banks' outstanding credit to NBFCs rose 33% from 2021.
Banks must amp up management of nature risks in net zero policies: WWF
Science-based decarbonisation targets must be set to improve their energy sector portfolios.
Financial stability a priority for Hong Kong: finance secretary
Chan expects more support from mainland China as the latter’s economy recovers.
Steering a bank through geopolitical rapids
Bank boards need to reassess their understanding of the impact that geopolitical risk can have on both their business and their clients, says Derek Leatherdale, Managing Director at GRI Strategies and Visiting Scholar at The London Institute of Banking & Finance.
Indonesia’s Bank Danamon expected to hit $245m profits in 2023: analyst
Synergy with parent company MUFG will help grow its corporate and SME loans.
Weekly Global News Wrap: Wells Fargo slimming down mortgage business; Swiss central bank reports biggest annual loss ever
And US banks expected to report lower earnings as they brace for economic slowdown.
Hong Kong’s ZA Bank launches debt consolidation program Debt Changer
Users can defer payment for a month for every 12 month tenor they take.
Chart of the Week: Taiwan’s card payments market value to hit $172.8b in 2026
Usage will rise to 64 uses per card per year, from 45 annual uses a card in 2022.
Buy now, pay later gains traction in Asia
BNPL brand Afterpay served 20 million customers in Australia alone.
Commentary
The Asian connection: China's path to sustainable growth