China's banks are cutting the interest rates offered on U.S. dollar deposits after being asked to do so by the central bank, possibly to curtail dollar hoarding and also prop up a weakening yuan, ... ( read original story ...)
RBI imposes penalty on The Hongkong and Shanghai Banking Corporation and IIFL Samasta Finance Limited
A penalty of Rs 33.1 lakh has been imposed on IIFL Samasta Finance Limited for non-compliance with certain provisions of the ’Non-Banking Financial Company – Systemically Important Non-Deposit taking ... ( read original story ...)
Shanghai Industrial Urban Development Group Issues Profit Warning for 2024
The latest update is out from Shanghai Industrial Urban Development Group Ltd ( ($HK:0563) ). Shanghai Industrial Urban Development Group Ltd has ... ( read original story ...)
RBI imposes penalty on The Hongkong and Shanghai Banking Corporation
A penalty of Rs 33.1 lakh has also been imposed on IIFL Samasta Finance Limited for non-compliance with certain provisions of the 'Non-Banking Financial Company - Systemically Important Non-Deposit ... ( read original story ...)
RBI penalises HSBC, IIFL Samasta Finance over compliance lapses
The Reserve Bank of India has imposed a ₹66.6 lakh penalty on HSBC for non-compliance with KYC norms and other directions. IIFL Samasta Finance was also fined for regulatory lapses. ( read original story ...)
China’s Chery Auto files IPO application in Hong Kong
China's Chery Automobile has submitted an application for an initial public offering in Hong Kong, according to a prospectus published on Hong Kong Stock Exchange on Friday. The IPO has CICC, Huatai ... ( read original story ...)
China tech startups race to capitalise on DeepSeek fever, Xi’s meeting
Chinese technology startups are racing for fresh fundraising to capitalise on the DeepSeek-induced fervor towards artificial intelligence, as well as President Xi Jinping's recent show of support to ... ( read original story ...)