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Alun John

Asia's tech champions zero in on main street banking

Apr 15 2019

HONG KONG Asia's internet firms are challenging the region's traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed in China by tech giants Alibaba and Tencent. | Video

Exclusive: Foreign insurers gear up to tap China's $1.6 trillion pensions business - sources

Apr 12 2019

HONG KONG Foreign insurers including Generali and Prudential Plc are in early talks with authorities to enter China's private pensions sector, people with knowledge of the matter said, as Beijing opens up to overseas companies.

French official calls on EU watchdog to rethink Brexit stocks trading ban

Apr 10 2019

HONG KONG/WASHINGTON The European Union's markets watchdog should reconsider its ban on trading thousands of shares outside the bloc if there is a no-deal Brexit, a senior French government official said on Wednesday.

China wants to ban bitcoin mining

Apr 09 2019

SHANGHAI/HONG KONG China's state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. | Video

UPDATE 1-Hong Kong to cap securities margin financing

Apr 04 2019

HONG KONG, April 4 Hong Kong's securities watchdog plans to limit the amount brokers can lend to purchase shares to five times their capital, reflecting concerns about financial stability in the Asian financial hub.

Hong Kong to cap securities margin financing

Apr 04 2019

HONG KONG, April 4 Hong Kong's financial markets watchdog plans to limit the amount brokers can lend against shares to five times their capital.

HK heralds online banking era with StanChart JV, two others as new entrants

Mar 28 2019

HONG KONG Hong Kong has issued online-only banking licenses to three groups, including joint ventures (JVs) of Standard Chartered and BOC Hong Kong, in what could be the biggest shake-up in years in the city's retail banking sector dominated by old-guard lenders.

HK suspends UBS sponsor license, fines it and others $100 million for IPO failures

Mar 14 2019

HONG KONG Hong Kong's securities regulator banned UBS from leading initial public offerings (IPOs) in the city for a year, while fining it and rivals including Morgan Stanley a combined $100 million for due diligence failures on a series of IPOs.

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