Banking
South Korea Allows Domestic Banking Partners
South Korea will allow new domestic players into its banking industry to break the domination of the sector by just five commercial banks.
Asia Pacific
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Economics, Policy & Regulation
Longtime Xi Loyalist Assumes The Economic Reins
New Chinese vice-premier He Lifeng has been a vocal proponent of the Greater Bay Area initiative and has worked with Xi Jinping since the 1980s.
Economics, Policy & Regulation
The Philippines: New Central Bank Governor To Be Tested Early
Eli Remolona’s appointment has been welcomed by analysts who point to his significant international experience at the Federal Reserve Bank of New York and the Bank for International Settlements.
Economics, Policy & Regulation
Reserve Bank Of Australia Names Next Governor
Michele Bullock's appointment as Reserve Bank of Australia governor was welcomed by the country's business and banking sectors.
Emerging & Frontier Markets
Bangkok Calling: Door Widens For FDI In Thailand
Located at the center of the ASEAN region, with direct links to China, Thailand is piquing investors’ interest.
Banking
Banking On Innovation: Q&A With DBS Chief Data And Transformation Officer Nimish Panchmatia
Nimish Panchmatia, Chief Data & Transformation Officer at DBS, speaks to Global Finance about how the bank is transforming its business with innovation.
Economics, Policy & Regulation
The US-China Paradox
Trade between the two countries is at an all-time high, yet signs point to decoupling.
Transaction Banking
China: Price War Among Cloud Providers A Boon To Buyers
The pricing moves come as China’s economy makes a cautious recovery following the relaxation of strict Covid-19 restrictions.
Capital Raising & Corporate Finance
Chinese Companies Switch Auditors To Avoid Delisting
The decision to switch most likely stems from a US law statingthat Chinese companies can be delisted if their auditing firms do not comply with US accounting standards.
Economics, Policy & Regulation
Hong Kong: E-Currency Pilot To Pave Way For Broad Consumer Use
Sixteen banks and payment firms are involved in a trial using the “e-HKD,” including the three note-issuing banks—HSBC, Standard Chartered and the Bank of China (Hong Kong).
News
Japanese, South Korean Leaders Meet But Normalization Remains Elusive
Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol visited a memorial to Koreans killed when the first atomic bomb was dropped on the city 78 years agoyet fully normal diplomatic ties between Tokyo and Seoul still appear to be a long way off.
Banking
Rising Earnings Among Rising Rates: Q&A With DBS Bank CEO Piyush Gupta
Piyush Gupta, the CEO of DBS Bank, shares his thoughts on the “fourth industrial revolution.”