Author: admin

29 Feb Mainland China banks to offer over-the-counter interbank bond trading from May 1, PBOC says

Posted at 13:15h in Asia

Both mainland Chinese and international investors will be allowed to invest in interbank bonds through over-the-counter trades from May 1 as part of Beijing’s effort to attract investors into the country’s US$21.96 trillion bond market.“By allowing investors to use the over-the-counter channels to invest in...

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29 Feb Hong Kong must embrace green finance as both opportunity and responsibility, monetary authority CEO says

Posted at 12:30h in Asia

Supporting the transition to a more sustainable future based on a low-carbon economy is not only an opportunity for Hong Kong’s financial sector but also an important effort for the good of humanity, according to the chief of the Hong Kong Monetary Authority (HKMA).“The transition...

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29 Feb Hong Kong, Singapore, Japan regulators welcome tokenisation push, call for closer alliance with private sector

Posted at 11:30h in Asia

Regulators in three of the biggest financial markets in Asia said they welcome tokenised securities – traditional investment products like stocks, bonds and mutual funds that use distributed ledger technology- as a means to promote efficiency, disintermediation, liquidity and financial inclusion in markets. They also...

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29 Feb Alibaba’s cloud computing unit cuts prices on 100 core products in China to capture more users involved in AI development projects

Posted at 11:00h in Asia

Alibaba Group Holding’s cloud computing unit has cut prices by up to 55 per cent on more than 100 core products – the largest discount offering in the company’s history – to attract more enterprises and software developers as users in mainland China, as the...

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29 Feb Hong Kong developer New World to tap improved sentiment by bringing property launches forward after posting interim loss

Posted at 10:48h in Asia

The company unveiled the plan on Thursday after it reported that its profit attributable to shareholders arising from continued operations for the six months ending on December 31 fell 12.8 per cent to HK$502 million (US$64 million). Its shares slipped 2.1 per cent to HK$9.87...

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29 Feb Maserati reveals first GranCabrio convertible sports car since 2019

Posted at 10:00h in Europe

At launch, the Maserati GranCabrio is available in the Trofeo trim level. It includes a 3.0 liter twin-turbo V6 engine.MaseratiMaserati's first GranCabrio convertible since 2019 is expected to go on sale this summer in the U.S. with a top speed of nearly 200 miles per...

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29 Feb TSMC promotes two veterans to share COO role as world’s largest contract chipmaker readies succession plan

Posted at 09:57h in Asia

Taiwan Semiconductor Manufacturing Company (TSMC) has promoted two senior executives to share chief operating officer responsibilities, heralding a new generation of leaders at the world’s largest contract chipmaker.The chip firm’s board on Thursday approved the appointment of Y.J. Mii and Y.P. Chyn as executive vice...

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29 Feb Hong Kong budget: Paul Chan has pulled all stops, but has city done enough to secure asset and wealth management hub status?

Posted at 09:05h in Asia

Funds industry bodies and advisers have welcomed the promise of tax breaks, grants and investment schemes, and a re-domiciliation mechanism made by Financial Secretary Paul Chan Mo-po to attract more foreign funds and family offices to Hong Kong. However, more details are needed before ascertaining...

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29 Feb Bud Light continues to weigh on AB InBev results, but revenue climbs

Posted at 07:56h in Europe

Bud Light, made by Anheuser-Busch.Joe Raedle | Getty ImagesHiking beer prices led Budweiser owner Anheuser-Busch InBev to profit and revenue growth last year, even U.S. sales of staple brand Bud Light were curbed by boycott action.The world's biggest brewer on Thursday recorded annual revenue of...

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29 Feb China punishes hedge fund for high-frequency trading in index futures as it broadens crackdown on quant investments

Posted at 07:56h in Asia

It also failed to disclose the links between three corporate accounts and two retail accounts belonging to the owner and his relative, it said.The exchange will continue to strengthen its oversight of the market to clamp down on wrongdoings, it added.The episode underscores the intensifying...

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