financial institutions

New Business

State Council guideline encourages private investment in China’s railways

China is encouraging private sector participation in its railways as part of efforts to enhance the integration and openness of…

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Tech

Hong Kong issues generative AI guidelines to banks to avoid bias against consumers

Hong Kong’s de facto central bank is urging financial institutions in the city to follow a new set of guidelines…

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Tech

HKMA, Cyberport collaborate on GenAI sandbox to foster adoption in city’s banking industry

The HKMA did not specify the eligible requirements for the GenAI sandbox and its application process, but said these details…

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New Business

China, Russia eye stronger cross-border payments as sanctions create ‘time bomb’

Zhang said that financial cooperation between China and Russia was an “important component and reliable guarantee” between businesses in the…

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