China should promote its indigenous cross-border interbank system to reduce risks to its financial security, a senior researcher for a state-owned bank has said, as the drawbacks of a US-centred …
The yuan is facing its highest level of capital outflow in eight years, according to new research, and data suggest a wave of offshore yuan remittances from Hong Kong to …
Yan had hoped that his company could open an account at Chinese banks near the country’s northeast border with Russia. Those smaller banks, unlike the state-owned behemoths, seemed more willing …
Last year, China approved an updated set of accounting rules that allows companies to include data resources as either “intangible assets” or “inventories” in their financial statements. 08:36 A vanishing …
Exporters in Zhejiang and Guangdong provinces said payments from Russia can still be received in yuan through BOC, albeit delayed, after they were told to switch to the Chinese currency …
As of the end of last year, UBS had attracted a net US$77 billion of new money globally since the two banks officially merged on June 12. That was much …
China has appointed Wu Qing – a capital markets veteran – to head the nation’s securities watchdog, an appointment that will place a cumulative US$11 trillion in value under his …
Beijing’s financial authorities will double down for their support of Hong Kong as China’s global financial centre, opening the doors for more bonds and green financing instruments to be issued …
Fung was speaking at a media briefing on Wednesday to announce the release of the “Advancing Talent Development in Financial Services” report by the HKIMR, which is backed by the …
Switzerland’s Union Bancaire Privee (UBP) is planning further expansion in Hong Kong and the Greater Bay Area (GBA) after experiencing substantial growth in the area over the last five years …