

China to merge hundreds of rural banks amid financial strain
China is initiating a vast consolidation in its banking sector, planning to merge numerous rural lenders into regional powerhouses to...
Feb 1, 2024


Insurance complaints up in the Philippines in 2023
Insurance complaints in the Philippines rose by 7.8% to 5,417 cases in 2023, with the most significant increases in mutual benefit...
Jan 30, 2024


HK and China expand cross-border wealth management scheme
Regulators in Hong Kong and mainland China have announced significant enhancements to the cross-border Wealth Management Connect (WMC)...
Jan 29, 2024


Thailand, China agree to waive Visa requirements
Thailand and China have agreed to waive visa requirements for each other’s citizens starting March 1. This announcement, made during a...
Jan 29, 2024


Hong Kong tightens crypto market regulations
Hong Kong is set to regulate its over-the-counter virtual asset trading, responding to a surge in cryptocurrency investments from...
Jan 29, 2024


Japanese regulator scrutinises bank vulnerabilities to rising rates
Japan’s Financial Services Agency (FSA) is preparing to assess banks’ resilience against potential risks arising from expected interest...
Jan 25, 2024


China to step up efforts to attract foreign firms
China reaffirms its commitment to attracting foreign investment and ensuring the legal rights of foreign companies, as stated by Li...
Jan 25, 2024


Hong Kong bolsters financial crime prevention efforts
The Hong Kong Monetary Authority (HKMA) has launched a public consultation to enhance bank information sharing for crime prevention,...
Jan 25, 2024


FSB to discuss social media’s role in bank stability at G20
The Financial Stability Board (FSB) will present key findings to the G20 in October on social media’s impact on bank stability. This...
Jan 24, 2024


Philippine SEC drafts new rules for cornerstone investors in IPOs
The Philippine Securities and Exchange Commission (SEC) proposes new guidelines for initial public offerings (IPOs), focusing on the...
Jan 23, 2024


Thai stock exchange foresees increase in IPO volume
The Stock Exchange of Thailand (SET) anticipates an increase in initial public offerings (IPOs) in 2024 compared to the previous year,...
Jan 22, 2024


Vietnam tightens bank ownership rules
Vietnam’s legislature has passed a law reducing the maximum stake investors can hold in domestic banks from 15% to 10%, effective from...
Jan 19, 2024


India’s HDFC Bank applies for Singapore licence
HDFC Bank Ltd, India’s largest private sector bank, is looking to expand its international footprint by opening its first branch in...
Jan 19, 2024


Philippines faces blacklisting risks from continued gray listing
The Philippines remains on the Financial Action Task Force’s (FATF) gray list, prompting concerns from the Anti-Money Laundering Council...
Jan 16, 2024


South Korea holds off on Bitcoin ETFs despite US approval
South Korea’s financial authorities have opted not to pursue exchange-traded funds (ETFs) linked to bitcoin’s spot price, diverging from...
Jan 16, 2024







