Banking & Finance
Singapore investors keep funds with Moomoo, Tiger Brokers, Longbridge amid China curbs
All three brokerages assure users in Singapore that business continues as usual
China allows some banks to offer higher rates on US dollar deposits
The move signals a relaxation of a ceiling imposed in 2023, when the renminbi was under pressure
Chinese brokers pump US$5.6 billion offshore to fight Wall Street
Brokers are prioritising overseas growth to escape intensifying competition in the domestic market
AllianzGI in exclusive talks to buy UOB Asset Management: sources
The details are being finalised on a transaction that could be valued at up to S$600 million
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Banks curb China trips, delay events after cross-border scrutiny
The moves also coincide with an intensifying drive by Chinese tax authorities to collect taxes on offshore income
Talent fight heats up in India finance hub as DBS, Standard Chartered chiefs quit
Global banks are expanding their presence in Gift City, lured by tax incentives and a lighter regulatory framework
From CTO to CEO: Anext Bank taps financing AI hardware to grow SME lending
The Ant International unit is using AI financing and alternative data to expand credit access for MSMEs
KPMG Australia fallout widens as RBA, pension reassess
The episode is the latest in a series of issues in recent years that has triggered greater scrutiny of consulting firms in the country
HSBC, AIA, Prudential shares slide after report of Hong Kong bank account curbs
The lenders are ramping up scrutiny of mainland Chinese clients opening savings and investment accounts
Futu to suspend Chinese mainland investors from adding new positions
The service halts are in line with regulators’ requirements for overseas institutions to wind down prohibited activities
