Cutting interest rates by a little might prove ineffective in a scenario where households and businesses are reluctant to take on debt
The central bank has lowered interest rates at each of its last three meetings
Transaction volume, including M&A, has reached US$1.3 trillion in Apac in 2025, up 21% from last year
Other lenders have also scaled back, with Goldman Sachs gaining approval earlier this year to sell its business in Russia
‘I want to be remembered as a good mentor,’ says the 35-year Citi veteran
As HSBC Asset Management’s CEO for South-east Asia and Singapore, he ensures the bank’s teams gel and tracks changes in clients’ needs
Whether the new interest-bearing arrangements will promote significantly wider adoption of the E-CNY remains unclear
Others in South-east Asia have also introduced alternative market reference rates
Market players say that it is timely to include digital assets, precious minerals, insurance and family businesses
The company put its focus on so-called middleware
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