FinanceAsia
WEBPBOC offers stimulus relief for mortgages, cuts RRR for banks. Outstanding mortgage rates for individual borrowers will be cut by 0.5%, potentially helping around 50 million households, while the reserve requirement ratio (RRR) for most banks will also be cut by 0.5%. September 24, 2024.
LianLian Pay taps global e-commerce growth - FinanceAsia
WEBNov 27, 2018 · LianLian Digital, the holding company of LianLian Pay, completed two rounds of funding and raised over $700 million this year from the likes of Sequoia Capital and Boyu Capital. Guo sees huge opportunities to serve Chinese e-commerce businesses as they increasingly look to sell their products overseas. And …
Philippines closes record retail bond offering - FinanceAsia
WEBFebruary 26, 2024. Philippines’ Bureau of the Treasury has raised a total of P584.9 billion ($10.45 billion) through the thirtieth tranche of retail treasury bonds (RTB 30), of which P212.72 billion was awarded at a rate-setting auction this month on February 13. The offer period ran from February 13 to 23, and during the offer period, an ...
Exchanging views on crypto: Exclusive interview with Coinhako’s co ...
WEBMay 16, 2023 · From the fallout of FTX in November 2022, to the collapse of Silicon Valley Bank (SVB) and other US lenders associated with start-up clients, the last few months have been challenging for the crypto industry.
Citi shakes up private bank leadership in Asia | FinanceAsia
WEBLara Wozniak. August 09, 2011. Citi announced yesterday that Bassam Salem will become Asia-Pacific CEO of Citi's private banking division. Salem will replace Aamir Rahim, who has been appointed head of Citi’s public sector group for Asia-Pacific. The shake-up is being positioned by Citi as a move that plays to each banker’s strength ...
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How Vertex lured Grab to Singapore - FinanceAsia
WEBJun 2, 2017 · A $750 million funding round in September, led by Japan's Softbank, valued it at $3 billion. But long before it became a hot name, Grab founder Anthony Tan took the decision to move the company from his native Malaysia south to Singapore. The move came after it secured $10 million of series A funding …
JP Morgan names APAC investment banking co-head - FinanceAsia
WEBCarol Huang. March 27, 2019. Paul Uren has been appointed JP Morgan's co-head of investment banking coverage for the Asia-Pacific region, according to a Wednesday memo seen by FinanceAsia. Uren, up until now chief executive of JP Morgan Australia and New Zealand, will relocate to Hong Kong in the coming months to …
AIA buys ING’s Malaysian insurance business for $1.7 billion
WEBOctober 12, 2012. AIA has become Malaysia’s biggest insurer after paying €1.33 billion ($1.73 billion) for ING ’s insurance operations in the country. The pan-Asian insurer announced the acquisition on the same day as its third-quarter results, which showed a 22% increase in new business to a record $300 million.
Why Trafigura embraced a private panda bond - FinanceAsia
WEBMay 03, 2018. When the commodities trading house Trafigura opted to sell its first-ever bond in China this week, it shunned the public market and instead selected a handful of investors to invest in its three-year panda bond. The Rmb500 million ($78.6 million) bond sale, which was conducted via a private placement, rekindles interest in a so ...