HONG KONG Asia's internet firms are challenging the region's traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed in China by tech giants Alibaba and Tencent. | Video
HONG KONG Foreign insurers including Generali and Prudential Plc are in early talks with authorities to enter China's private pensions sector, people with knowledge of the matter said, as Beijing opens up to overseas companies.
HONG KONG/WASHINGTON The European Union's markets watchdog should reconsider its ban on trading thousands of shares outside the bloc if there is a no-deal Brexit, a senior French government official said on Wednesday.
SHANGHAI/HONG KONG China's state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. | Video
HONG KONG, April 4 Hong Kong's securities
watchdog plans to limit the amount brokers can lend to purchase
shares to five times their capital, reflecting concerns about
financial stability in the Asian financial hub.
HONG KONG, April 4 Hong Kong's financial markets
watchdog plans to limit the amount brokers can lend against
shares to five times their capital.
HONG KONG Hong Kong has issued online-only banking licenses to three groups, including joint ventures (JVs) of Standard Chartered and BOC Hong Kong, in what could be the biggest shake-up in years in the city's retail banking sector dominated by old-guard lenders.
HONG KONG Hong Kong's securities regulator banned UBS from leading initial public offerings (IPOs) in the city for a year, while fining it and rivals including Morgan Stanley a combined $100 million for due diligence failures on a series of IPOs.