Asia’s largest insurer posted its best first-half profit in five years at US$3.31 billion and beat analysts’ estimates of US$3.27 billion.
Citigroup says the metal could be headed for US$3,000 per ounce next year after hitting US$2,531.75 overnight.
The ability of central banks to pursue their main goals will depend increasingly on pursuing reforms in how they think and function.
Hong Kong’s deposit-taking companies, once a thriving corner in Hong Kong’s banking system, are facing an ultimatum: evolve by recapitalising within five years, or perish.
An upmarket strategy has gone flat amid a decline in spending while long-term demographic trends are shrinking the population of fans.
The hedge fund manager intends to use its own capital and investment from new strategic partners to form a multifamily office.
China’s highest judicial bodies on Monday made 13 revisions to its money-laundering law.
Kaisa, with 226.4 billion yuan in total liabilities, has spent more than two years on its restructuring plan since missing its payments in late 2021.
Import substitution gives domestic companies a chance to bite off a bigger share of the fragmented market for food and other pet supplies.
Industry leaders express doubts over plan’s effectiveness and say businesses might fear that banks will cancel loan agreements.
Authorities urged to introduce legal framework to boost investors’ confidence and turn Hong Kong into a global Web3 hub.
Financial Working Group met in Shanghai last week, with officials from China and the US discussing a wide range of issues over two days.
The MPFA’s reforms will allow members to choose providers, widen Reit investment choices and implement the ‘whole-free walk’ scheme, chairperson Lau says.
Investors are not sure about the economy, confidence is not high and they want the Chinese government to take steps to drive growth, Deloitte’s Stanley Lah says.
Premier Li Qiang tells the cabinet that more effort must be made to boost domestic demand.
The bank said on Sunday it was “suspending all operations” after the kidnapping of Musab Msallem, head of information technology.
Spirits group Diageo’s Indian unit has submitted financial documents sought by New Delhi anti-corruption police.
Paetongtarn said Thailand’s economic stimulus, almost $14 billion in cash, will need further study to ensure compliance with existing laws.
Market players say the idea offers transparency that will buttress investor confidence. But an HKEX proposal to place caps on the tenure of independent directors receives a mixed response.
The inaugural Beast event will be held during Fintech Week in late October, which will allow start-ups and bankers to exchange ideas to build a tech ecosystem in the city, according to a senior BEA executive.
A vibrant scene will allow promising companies to prosper and attract global talent to the city, INSEAD dean Francisco Veloso says.
Bank of Handan chairman Zheng Zhiying died in hospital on Thursday having been allegedly killed by his former employee, according to reports.
A senior researcher has encouraged China to expand the use of its interbank transfer protocol, warning of risks inherent in the use of Western systems like Swift.
Opposition’s call for parliamentary probe could put government in an awkward position, but analysts say market fallout may be unlikely.
Company says listing on London Stock Exchange will benefit its ‘geographically diverse shareholder base’ and build its profile. It comes amid a buying spree of renewable energy assets in the UK.
The sandbox serves as a framework, with computing resources and supervisory guidance, to help banks test and build their GenAI applications.