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DigitalX to list Bitcoin ETF on Australia’s main stock market

DIGITALX will launch a Bitcoin exchange-traded fund (ETF) on Australia’s main stock market after becoming the second asset manager to win approval for such a product from the bourse operated by ASX.

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PBOC could mull letting yuan go without huge crash, survey shows

CHINA could let its tight grip on the yuan go without triggering a sustained market disruption, according to the majority of respondents in a Bloomberg survey of analysts and traders, though they see only a limited chance of such a move.

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Archegos’ Bill Hwang makes last pitch to jury set to decide his fate

ARCHEGOS Capital Management founder Bill Hwang’s lawyer made his final pitch to a jury poised to start deliberating his fate, arguing the US government’s fraud and market-manipulation case over the meltdown of the prolific investor’s family office “makes no sense.”

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HSBC eyes payouts, new roles for executives pipped to CEO job: sources

AS HSBC prepares to name its third CEO in nine years, the bank is exploring financial incentives and reallocating key projects to retain those who miss out on the top job, two people with knowledge of the discussions told Reuters.

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Crypto funds see inflows for first time in a month

DIGITAL asset investment products had positive inflows for the first time in a month after the prices of cryptocurrencies across the board dropped to their lowest levels in months.

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Fast lane to green highway: car dealer supports switch to sustainable transport

IN THE automotive business, few pivots are as dramatic as the one pulled off by Hong Seh Group.

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Ping An Bank moves Shanghai staff to Shenzhen to cut costs

PING An Bank is relocating more than 100 staff based in Shanghai to its Shenzhen home base to cut costs as China’s banking industry struggles with profitability.

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Bitcoin drops anew on fears of sales from Mt Gox distributions

BITCOIN is under pressure again on concerns about possible sales of the token by creditors of the failed Mt Gox exchange, which has begun returning a roughly US$8 billion hoard of the largest digital asset.

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China’s central bank takes more control over rates by adding temporary repos

CHINA’S central bank will conduct temporary bond repurchase or reverse repurchase operations in the afternoon, in addition to its traditional morning operations, tightening its control over short-term interest rates.

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SoftBank group firm PayPay Securities aims to double accounts

PAYPAY Securities aims to double the number of its brokerage accounts to two million by the end of this fiscal year to March from about one million now, backed by users of the group’s cashless payment system, according to its chief executive officer.

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