HSBC will reportedly acquire Citigroup's China consumer wealth management business in a deal that could be announced as early as next month.
September 29, 2023PBOC governor Pan Gongsheng said China will continue to open up its market for global businesses and create a more business friendly environment.
September 20, 2023Banks ranked in the global top 50 would be subject to looser restrictions for setting up financial asset management units in Taiwan.
September 13, 2023HSBC reportedly told customers that the sanctions and trade restrictions imposed on Russia and Belarus have made it "increasingly challenging" to operate.
September 11, 2023The declaration signals a commitment to collaborate on digitalisation and adopt eBLs, which will enable faster transactions, cost savings, and lowered fraud risks.
September 6, 2023Fully guaranteed loans are being provided to taxi owners to encourage them to replace their LPG, petrol or hybrid taxis with electric taxis
September 5, 2023The HSBC subsidiary becomes the first wealth management firm to hold both an insurance brokerage and a fund sales licence in China.
September 5, 2023HSBC no longer has to provide progress reports on its efforts to improve internal controls or manage risks in connection with its FX trading activities.
August 28, 2023Singapore to eliminate corporate cheques by 2025 and transition users to e-payment solutions, amid rising cheque processing costs.
July 31, 2023Treasury officials reportedly asked banks to help identify certain high-tech items being shipped to Russia via Hong Kong.
July 11, 2023