Oct 25, 2024
IMF projects 6.1% growth for Vietnam in 2025
The International Monetary Fund's (IMF) updated World Economic Outlook 2025 projects Vietnam's economy to grow by 6.1% next year,...
Oct 25, 2024
Taiwan FSC eyes rule revisions after banks, insurers complain
Taiwan’s Financial Supervisory Commission (FSC) is reviewing its regulations following criticism from local banks and insurers over...
Oct 24, 2024
South Korea to maintain investor ties ahead of WGBI debut
South Korea will maintain close communication with global investors to ensure a smooth inclusion in the World Government Bond Index...
Oct 24, 2024
Hong Kong targets unlicensed auditors in new crackdown
Hong Kong will introduce two new measures by March aimed at curbing unlicensed auditors and agents, Secretary for Financial Services and...
Oct 24, 2024
China conducts first SFISF operation worth CNY50bn
The People's Bank of China (PBOC) has executed the first operation of the Securities, Funds and Insurance Companies Swap Facility...
Oct 24, 2024
Malaysia joins BRICS as alliance grows to 13 new partners
Malaysia has been recognized as one of 13 nations added as partner countries to the BRICS bloc, which now accounts for one-fifth of...
Oct 23, 2024
Moody's warns rising household debt threatens ASEAN banks' asset quality
Southeast Asian banks, including those in the Philippines, face asset quality risks due to increasing household debt and elevated...
Oct 23, 2024
HSBC names Pam Kaur as first female finance chief
HSBC Holdings has appointed insider Pam Kaur as its first female finance chief, replacing Georges Elhedery who became CEO earlier this...
Oct 23, 2024
Southeast Asia needs USD190bn annually to meet climate goals by 2035
Southeast Asia must increase clean energy investments to USD190bn annually by 2035—about five times the current level—to meet climate...
Oct 23, 2024
Wealthy European families turn to Hong Kong for family offices
Wealthy European families are increasingly turning to Hong Kong to establish family offices and invest, aiming to diversify their...
Oct 22, 2024
Temasek, Saudi's PIF lead Moody's intrinsic credit quality rankings
Singapore's Temasek Holdings and Saudi Arabia's Public Investment Fund (PIF) have the strongest intrinsic credit quality among 11...
Oct 22, 2024
Iran's Bank Mellat considers exiting South Korea amid US pressure
Iranian lender Bank Mellat is contemplating withdrawing from South Korea due to mounting fears of U.S. secondary sanctions, an official...
Oct 22, 2024
HK family offices integrate philanthropy into core strategies
Family offices in Hong Kong are increasingly integrating philanthropy into their core strategies, viewing it as more than just charitable...
Oct 22, 2024
10% of Exchange Fund invested in sustainable assets, says HKMA
The Hong Kong Monetary Authority (HKMA) announced that 10% of the Exchange Fund's investments are in sustainable assets and expects the...
Oct 21, 2024
Thailand seeks Hong Kong partnership to develop financial hub
Thailand is pursuing a partnership with Hong Kong to collaborate on developing a financial hub serving as a gateway to ASEAN markets,...
Oct 21, 2024
Ping An Insurance posts 36.1% rise in nine-month net profit
Ping An Insurance Group Co of China Ltd reported a 36.1% increase in net profit for the first nine months of the year, driven by higher...
Oct 21, 2024
Singapore sees no surge in family offices from emerging markets
Singapore's Deputy Prime Minister and Minister for Trade and Industry, Gan Kim Yong, stated that while many of the Single Family Offices...
Oct 21, 2024
Chubb Names Jon Longmore as country president for Malaysia
Zurich-based US insurer Chubb has appointed Jon Longmore as country president for Malaysia, effective November, pending regulatory...
Oct 18, 2024
Family offices in Asia embrace digital assets: survey
Family offices in Asia are increasingly embracing digital assets, with 76% of private wealth in the region already invested in the space,...
Oct 18, 2024
HK’s Chief Executive 2024 Policy Address supported by Raffles Family Office
Hong Kong Chief Executive, John Lee Ka-chiu, has released The Chief Executive 2024 Policy Address on 16 October in which enhancements...