financial institutions

New Business

Chinese vice-premier vows further opening up of financial sector

Vice-Premier He Lifeng has vowed that China will continue to expand the “high-level opening up” of its financial sector and…

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New Business

The View | A U-shaped rebound of Hong Kong’s commercial property? Unlikely

When predicting and assessing the shape of recoveries, analysts have made use of letters of the alphabet. A V-shaped recovery…

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New Business

Visa tests pre-funded stablecoins for cross-border payments

Visa is testing a pilot programme that gives financial institutions, banks and remittance providers the option of using pre-funded stablecoins…

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New Business

Salary caps spread in China’s finance sector amid ‘common prosperity’ drive

Several state-backed financial institutions in China have already placed annual salary caps on their senior executives, the Post has learned,…

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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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