

40% of Vietnam’s insurance premiums reinsured overseas
Vietnam’s non-life insurance and reinsurance companies are transferring a significant portion of their premiums to foreign reinsurers to...
Sep 24, 2024


Financial cooperation deepens as HK, Macau link clearing systems
The monetary authorities of Hong Kong and Macau will establish a direct link between their clearing, settlement, and custodian systems to...
Sep 18, 2024


Hong Kong to unveil first AI policy for finance sector
Hong Kong’s government plans to release its first policy statement on artificial intelligence (AI) in finance, aiming to boost the...
Sep 18, 2024


AmCham: Only 66% of US firms profitable in China last year
US companies in China are reporting record-low profits and business confidence amid escalating US-China tensions and a slowing Chinese...
Sep 16, 2024


Belt and Road Summit 2024 to highlight sustainable growth and cooperation
The 2024 Belt and Road Summit , organised by the Hong Kong Trade Development Council (HKTDC), convened senior government officials and...
Sep 10, 2024


Philippine CEOs optimistic about revenue growth despite global uncertainties
A recent survey conducted by PwC Philippines in partnership with the Management Association of the Philippines (MAP) reveals strong...
Sep 9, 2024


South Korea’s NPS opens new office in Silicon Valley
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, inaugurated its new office in Silicon Valley,...
Sep 9, 2024


Hong Kong’s new security law poses legal challenges for US firms
The Biden administration issued a warning that US businesses operating in Hong Kong are increasingly at risk due to the implementation of...
Sep 9, 2024


Vietnam proposes major cuts in business regulations for 2025
The Ministry of Industry and Trade in Vietnam has proposed to cut or simplify 69 business conditions and administrative procedures for...
Sep 5, 2024


Wealthy in China turn to stocks as collateral amid liquidity crunch
Amid liquidity challenges, affluent individuals in Hong Kong and mainland China are increasingly utilising private lending services,...
Sep 4, 2024


Hong Kong’s CSC Holdings buys stake in Philippine’s CS Bank for USD13m
Hong Kong-listed CSC Holdings, chaired by former Hang Seng Bank CEO Raymond Or Ching-fai, has announced its acquisition of a 26.8% stake...
Sep 3, 2024


Thailand to slash taxes for financial hub initiative
Thailand’s Ministry of Finance is poised to reduce personal and corporate income tax rates for approved individuals and businesses as...
Aug 30, 2024


Philippines’ embedded finance to grow 42% annually
The Philippines’ financial industry is poised to drive a 42% annual growth in the embedded finance sector, according to a recent Fintech...
Aug 26, 2024


CTBC USD4.11bn bid to form Taiwan’s largest financial firm
CTBC Financial Holding Co. has offered NTD14.55 (USD0.46) per share in cash and stock for a 51% stake in Shin Kong Financial Holding Co.,...
Aug 26, 2024


Crypto exchanges in Hong Kong hit licensing roadblocks
Hong Kong’s ambitions to become a digital-asset hub are encountering challenges, as uncertainty looms over whether 11 crypto exchanges...
Aug 23, 2024


Thai economy nears crisis amid export decline says finance minister
Thailand’s economy is nearing crisis due to declining exports and uncompetitive manufacturing, said caretaker Finance Minister Pichai...
Aug 23, 2024


Vietnam banks shift to corporate lending in 2024
In the first half of 2024, many banks in Vietnam shifted focus from retail to corporate lending to drive credit growth. Banks like...
Aug 21, 2024


HKMA introduces AI sandbox to boost fintech innovation
The Hong Kong Monetary Authority (HKMA) and Hong Kong Cyberport Management Company launched the Generative Artificial Intelligence...
Aug 16, 2024


Taiwan’s financial sector cuts China exposure by 8.9%
Taiwan’s financial services companies reduced their exposure to China by 8.9% year-on-year to NTD1.02tr (USD31.41bn) at the end of last...
Aug 16, 2024


Singapore Q2 GDP grows 2.9%, exceeding expectations
Singapore's economy grew 2.9% year-on-year in the April-June quarter, matching official estimates and exceeding market expectations,...
Aug 13, 2024






