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Hong Kong plans to let retail sector trade larger crypto tokens like Bitcoin

HONG Kong outlined a plan to let retail investors trade digital tokens like Bitcoin and Ether, taking a major step towards its goal of becoming a crypto hub in a policy shift that contrasts with a crackdown in the US.

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Crypto investor Galois to shut flagship fund after FTX collapse

GALOIS Capital, a crypto investment firm known for betting against the Luna token before its implosion last year, is closing its flagship fund after it was hit by the collapse of cryptocurrency exchange FTX.

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Bain Capital expects pickup in China’s struggling private equity market

BAIN Capital is expecting a recovery in China’s US$539 billion private equity market as early as this year, though the industry may struggle in reaching past levels of deal activity.

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Commerzbank to rejoin Germany’s DAX after historic exit in 2018

COMMERZBANK will rejoin Germany’s DAX Index, four years after the lender got booted to make way for then-rising star Wirecard only to see the payments company collapse in an accounting scandal.

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Japan yields rise after spike in Treasuries

JAPANESE government bond (JGB) yields ticked higher on Monday (Feb 20) following spikes in Treasury yields last week, as investors bet on higher US interest rates for longer.

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Chinese banks hold rates as analysts bet easing to come

CHINESE lenders followed the central bank by keeping their benchmark lending rates unchanged on Monday (Feb 20), with analysts expecting possible reductions in the coming months to support the economic recovery.

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Standard Chartered to hire up to 500 staff in Hong Kong after reopening

STANDARD Chartered Plc plans to hire 300 to 500 staff in Hong Kong this year, in anticipation of an increase in wealth management and lending as the city reopened its borders to mainland China.

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Top profitable Indonesian banks spur Jokowi’s call to rein in margins

INDONESIAN banks are making too much money, spurring calls from President Joko Widodo and the monetary authority to rein in their margins.

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Malaysia seen returning to rate pause after a final hike to 3%

MALAYSIA’S central bank will probably raise its key rate by another 25 basis points next quarter before it is done with tightening, according to a poll of economists.

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FWD to buy majority stake in Malaysian life insurer ahead of IPO

FWD Group Holdings, the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, has agreed to buy a majority stake in Gibraltar BSN Life, a move that allows it to tap into the South-east Asian market’s growth potential ahead of FWD’s planned initial public offering.

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