Edition:
United States

Sumeet Chatterjee

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.

JP Morgan, Nomura get nod for China brokerage JVs as market access expands

Mar 29 2019

SHANGHAI/HONG KONG JP Morgan and Nomura have won Chinese regulatory approval to set up majority-owned brokerage joint ventures, in China's latest move to open its financial sector up to foreign firms.

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.

StanChart sees China slowdown, trade war fears receding, eyes digital push

Mar 26 2019

HONG KONG Fears over a slowdown in Chinese economic growth and the impact of the Sino-United States trade tensions are "receding a bit", the chief executive of London-based bank Standard Chartered, which makes the bulk of its revenue in Asia, said.

StanChart suffers Asia private banker exits, boosts Mideast staff: sources

Mar 13 2019

HONG KONG Standard Chartered PLC has seen the departure of at least four senior Asia-based bankers from its private banking unit in recent months, three people with direct knowledge of the matter said, amid growing earnings pressure at the business.

China tightens rules on wealth management, boosting prospects for foreign banks

Mar 07 2019

HONG KONG China's efforts to tighten oversight of its $20 trillion-plus wealth management industry are spurring foreign banks to speed up plans to enter the local market or expand there, six people involved in the discussions said.

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