China's central bank ramped up liquidity injection but kept the interest rate unchanged when rolling over maturing medium-term policy loans on Wednesday, matching market expectations. ( read original story ...)
HSBC and Ant Group test tokenized deposits under HKMA sandbox
Banking giant the Hong Kong and Shanghai Banking Corporation (HSBC) has tested the use of tokenized deposits — from issuance to transfer to redemption — with major Chinese financial services ... ( read original story ...)
Ping An’s Fintech Unit Lufax to Buy HK Virtual Bank From Chinese Insurance Giant’s Other Fintech Unit OneConnect
(Yicai) Nov. 15 -- Ping An Insurance Group’s financial technology unit Lufax Holding will buy the Hong Kong virtual bank of OneConnect Financial Technology, another fintech unit of the Chinese ... ( read original story ...)
China central bank boosts liquidity injection through policy loan, rate unchanged
China's central bank ramped up liquidity injection but kept the interest rate unchanged when rolling over maturing medium-term policy loans on Wednesday, matching market expectations. Market participa ... ( read original story ...)
Stock market today: Asian shares are mostly higher ahead of US inflation data and a US-China summit
Asian shares are trading mostly higher ahead of potentially market-moving developments, including a U.S.-China summit and data releases in the U.S., Japan and China ... ( read original story ...)
The drive of CARS to support city’s net-zero transition highlights the shared goal of Wofoo Social Enterprises and The Hongkong Bank Foundation
Since its launch in 2020, the Climate Action Recognition Scheme (CARS) has effectively tapped into the creativity of socially aware young green entrepreneurs in Hong Kong. ( read original story ...)
China bank stocks face crisis of confidence over bad debt risk
Its slump also reflects the risk of an economic downturn in China. ( read original story ...)