News

Asia's asset management scene takes off as AUM hits $8.1t in 2017

The region outperformed Europe and North America in AUM growth. Western wealth hubs fail to match the stellar growth of Asia-Pacific’s asset management scene after the region’s assets under management (AUM) surged 17% to $8.1t in 2017, according to Willis Towers Watson.

Asia's asset management scene takes off as AUM hits $8.1t in 2017

The region outperformed Europe and North America in AUM growth. Western wealth hubs fail to match the stellar growth of Asia-Pacific’s asset management scene after the region’s assets under management (AUM) surged 17% to $8.1t in 2017, according to Willis Towers Watson.

Banks receive boost as Myanmar urges citizens to beef up savings

The number of adults who save via banks is at a measly 11%.

Do Hong Kong banks have reason to fear as Chinese lending accelerates?

Mainland Chinese exposure accounted for nearly a third of total assets.

Singapore fintechs give China a run for its money

Ride-hailing firm Grab nabbed a place in the top five.

Thai lenders bank on revamped apps to sustain growth

Krung Thai Bank and Kasikornbank have updated their apps.

Korea's shrinking bad loan record at risk as SOHO loans turn sour

Such loans accounted for a fifth (22%) of total bank lending as of end-June.

Hong Kong bank loan growth may halve to measly 3% in December

The steep decline is partially due to higher interest rate environment.

South Korea cracks down on bank lending to cool housing market

Banks must cap the volume of high-risk loans they extend.

Hong Kong's blockchain-powered trade finance platform goes live

eTradeConnect will digitise the paper-intensive process.

Chart of the Week: What's dragging the growth of Islamic banks in ASEAN?

Malaysia and Indonesia are still trailing behind their GCC peers.

Chinese banks' profit rally cut short as loans turn sour

The pressure on asset quality will be heavier in 2019.

Australian banks shed $13b in assets in downsizing spree

CBA sold its asset management business for $2.9b.

Japanese banks trial blockchain technology to settle payments

Fujitsu has been tapped to develop the application.

Malaysia lowers cash transaction threshold in fight against dirty money

Hard-cash circulation has ballooned by 150% in the past decade.