Hong Kong’s Accounting and Financial Reporting Council (AFRC) found no evidence supporting whistleblower allegations against PwC related...

China’s financial regulator has instructed some rural banks to shorten the average duration of their bond holdings to stabilize the...

Global financial institutions are increasingly turning to private market alternatives to diversify portfolios as traditional 60/40...

Barclays plans to significantly expand its wealth management division in Asia, targeting ultra-rich clients and family offices in India...

HSBC Holdings Plc is restructuring its investment bank to align more closely with competitors like Citigroup Inc. The revamp involves...

The Hong Kong Monetary Authority (HKMA) has outsourced the management of nearly 30 percent of the Exchange Fund assets, used to support...

Since the 2008 financial crisis, average wealth per adult in Singapore has increased significantly, but so has wealth inequality, now...

The Philippines is not expected to be removed from the global grey money watchlist this year, according to Bangko Sentral ng Pilipinas...

Investors across six Asia-Pacific markets—Australia, China, Hong Kong, Japan, Taiwan, and Singapore—are planning to reduce their cash...

Hong Kong’s pensions regulator has fined HSBC HKD24m (about USD3.1m) for offering incentives to unregistered intermediaries. The...

SCB X, an affiliate of Siam Commercial Bank, is set to apply for a virtual banking licence from the Bank of Thailand in September,...

The Ministry of Finance in Vietnam is set to release the final draft of a circular aimed at upgrading the country’s stock market and...

Kyobo Life Insurance has secured a licence to enter the asset trusts business, expanding its offerings as part of its evolution into a...

Japan’s Government Pension Investment Fund (GPIF) reported a record profit of JPY45.42tr (USD283bn) for the fiscal year ending March...

The Securities and Futures Commission (SFC) will launch a new online application and submission system, e-IP, for investment products on...

Funding for Southeast Asia’s financial technology (fintech) startups dropped 25% to USD899m in H1 2024 from USD1.2bn a year ago, Tracxn...

Futu Securities International (Hong Kong) has received a licence to offer virtual asset dealing services to both retail and professional...

Taiwan’s central bank announced it has no timetable for launching a digital currency, describing the process as “huge and complex”....

Ping An Bank is relocating over 100 Shanghai-based staff to its Shenzhen headquarters to cut costs amid China’s banking industry’s...

The Association of Cloud and Mobile Computing Professionals (ACMCP) launched the China Tech Excellence Centre and Enterprise Alliance...