News

Return of private placements boost Chinese regional banks' capital

They allow for tailored government participation in bank recapitalisation.

Return of private placements boost Chinese regional banks' capital

They allow for tailored government participation in bank recapitalisation.

South Korean bond issuance soared 73.5% to $17.5b in July

This is due to higher sales of low-grade bond issues through private placement.

Hong Kong show growing preference for professional financial advice

But family remains the top source of advice amongst wealthy residents.

Hong Kong regulators pacify fears after US sanctions

"Unilateral sactions" has no legal status in the city, the HKMA said.

OCBC's H1 net profit plunges 42% to S$1.43b

Q2 group net profit picked up 5% from Q1 but crashed 40% from a year earlier.

Asian Banking & Finance Awards holds first ever digital awards presentation

More than 120 banks were awarded in this year’s programme.

DBS' H1 net profit nosedives 26% to S$2.41b

The bank has cast aside S$1.26b to bolster its balance sheet.

South Korea's FX reserves hit $417b at end-July

It reached a record-high in the value of non-dollar assets and investment return.

South Korea investigates freeze on Singapore-linked notes: reports

Regulators are reviewing at least $234m of securities.

Chart of the Week: Open banking behaviour strengthen in APAC

Around 30% said that they are open to sharing their data in relation to online purchases.

Japan's biggest banks on track to meet profit goals: report

MUFG, SMFG, and Mizuho Financial Group’s net profits totaled $3.7b in Q1.

Digital bank WeLab Bank launches in Hong Kong

Clients can open an account in five minutes.

Sumitomo Mitsui's profit plunged 60.1% to $812.74m in April-June

The group’s earnings per share is at around 59 cents or ¥62.83.

MUFG records 50% plunge in Q1 net profit to $1.73b

The fall was blamed on rising credit-related costs.

HSBC to hire up to 3,000 wealth planners in China

The first 100 people have already started in Guangzhou and Shanghai.

South Korean banks' consumer loans rise 2.3% in July

People scrambled to buy apartments before prices rose too high.