Trending

The Saudi Arabia’s central bank which is aiming at a sustainable economic growth during the coronavirus pandemic asserted its commitment...

 In its China life insurance joint venture, HSBS Holdings enters to buy the remaining 50%  stake to fully own the company as China gears up its markets by removing foreign ownership  restrictions on foreign funded insurance companies.   This agreement will help HSBC to expand its mark in China, as part of CEO Noel Quinn’s plan  to boost the company’s business and enhance its investments and capital to Asia. In a  statement, Quinn tells that they are trying to make steps in their growth strategy, despite the  coronavirus pandemic, and that the transaction will help boost the ambition of accelerating  growth in their Asian franchise and further extend their capabilities in wealth.   As part of its broad overhaul announced earlier on February, HSBC, Hong Kong had turned its  focus on growth markets such as mainland China and Hong Kong.   After U.S. and Japan, China’s insurance comes third with an estimated $318bn in premiums,  and with current reforms in ownership restrictions, HSBC joins the list of companies as foreign  fully-owned insurers in mainland China. China opened its asset-management markets for wider  foreign firms and companies on April 1st this year despite the ongoing Covid-19 crisis.   

 In a statement, Vietnamese private firm Trung Nam Group announced that it will be constructing Southeast...

In a collaboration to address financial concerns for fintech firms, the Singapore FinTech association (SFA) and...

Despite burdened financial tightness, Oman Insurance Company (OIC) has announced to actively speed up claims payments on hospitals. OIC has already initiated and moved...

As per a latest market report from Core Real Estate, there is now room for Commercial...

Singapore’s longest established bank- OCBC Bank enables Google’s peer-to-peer (P2P) funds transfer service in Singapore to adopt the ease...

In a move to tackle an economic fallout due to coronavirus, Turkey takes important measures in the insurance...

Amidst the Covid-19 pandemic, as governments scramble to save economics, People’s Bank of China frees up $56 billion (400...

In an attempt to contain the coronavirus and relax the fearful situation of Covid-19, Israeli cyber security company NSO...