HSBC May Lift Variable Pay By $300 Million, Costs to Rise
HSBC Holdings Plc said it may increase some variable pay, resulting in higher expenses, after it announced a
2023-10-30 15:23
Xi Seen Tightening Grip on Finance at Twice-a-Decade Conference
President Xi Jinping is set to further tighten his control of China’s $61 trillion financial industry as he
2023-10-30 08:18
Ping An Profit Falls as Market Rout Hurts Investment Returns
Ping An Insurance (Group) Co., China’s second largest insurer by market value, said profit fell 5.6% for the
2023-10-27 19:15
Ant-Backed Rural Lender Chongho Weighs $500 Million Hong Kong IPO
Chongho Bridge Credit Agricultural Group Co., a Chinese rural bank that offers microcredit and micro-insurance to small businesses,
2023-10-27 11:59
Nomura Redraws China Strategy, Cuts Jobs After Losses Deepen
Nomura Holdings Inc. is overhauling its China business after losses there snowballed, reflecting setbacks to plans by Japan’s
2023-10-26 16:16
China Signals Zero Tolerance For Sharp Economic Slowdown With Rare Steps
President Xi Jinping signaled that a sharp slowdown in growth and lingering deflationary risks won’t be tolerated, making
2023-10-25 15:24
China Stimulus to Make ‘Big Impact,’ Ex-PBOC Official Says
The stimulus plan that China just rolled out will boost new areas of the economy while avoiding funneling
2023-10-25 13:26
Xi Steps Up Economic Aid With New Debt Issuance, PBOC Visit
Chinese President Xi Jinping stepped up support for the world’s second-biggest economy, issuing additional sovereign debt, raising the
2023-10-25 09:53
Asia Bank Margins to Dip as Rate Hikes Sink in, Bad Loans Grow
Lending margins will be in focus this week when Asia’s largest banks report earnings, amid peaking interest rates
2023-10-23 14:29
China Offers Record Cash Infusion to Keep Rates Low for Growth
China took a fresh step to ensure funding costs in its financial markets are sufficiently low so a
2023-10-20 13:45
Empty Homes Are Forcing Hong Kong Developers to Cut Home Prices
Hong Kong’s property developers are racing to sell homes with a tactic they haven’t had to use for
2023-10-20 09:58
Sri Lanka Wins Initial IMF Approval for $330 Million Payout
Sri Lanka secured an initial funding approval from the International Monetary Fund, paving the way for the South
2023-10-20 09:50