Edition:
India

Alun John

Hit by cryptocurrency curbs, Chinese fund managers look elsewhere to ride bitcoin bull

23 Nov 2020

SHANGHAI/HONG KONG As the price of bitcoin soars, Chinese cryptocurrency asset managers are looking to expand in places such as Hong Kong and Singapore, skirting an intensified crackdown at home.

GLOBAL MARKETS-Asia stocks edge higher after vaccine hopes push Wall Street to record highs

17 Nov 2020

HONG KONG/NEW YORK, Nov 17 Asian stocks held gains and moved tentatively further into record territory on Tuesday, after U.S. benchmarks were pepped up by news of another promising coronavirus vaccine, though futures indicated the rally could stall in European hours.

GLOBAL MARKETS-Asia stocks edge higher after vaccine hopes push Wall Street to record highs

17 Nov 2020

HONG KONG/NEW YORK, Nov 17 Asian stocks cautiously pushed further into record territory on Tuesday, and oil edged higher after U.S. benchmarks were pepped up by news of another promising coronavirus vaccine.

Hong Kong plans to shorten IPO settlement time to one day

16 Nov 2020

HONG KONG Hong Kong plans to shorten the time lag between an initial public offering (IPO) being priced and when the company's shares start trading to as little as one day from the current average of more than five.

Exclusive: Hong Kong plans new 'code of conduct' for equity and debt deals - sources

13 Nov 2020

HONG KONG Hong Kong's markets regulator plans to unveil new guidelines for investment banks working on equity and debt offerings that will include a framework for how they charge clients, three sources with knowledge of the matter told Reuters.

Hong Kong exchange operator backs decision to halt Ant's record IPO

11 Nov 2020

HONG KONG Hong Kong stock exchange, which missed out on the chance to host Ant Group's record $37 billion listing this month, believed the move to suspend the IPO was the right one and hoped the Chinese fintech giant would come back later, its CEO said on Wednesday.

Hong Kong long term interbank rates drop to nine-year low after Ant IPO pulled

05 Nov 2020

HONG KONG, Nov 5 Long term Hong Kong dollar interest rates reached nine-year lows on Thursday after the suspension of Ant Group's record dual listing in the city and on Shanghai's STAR Market left the former British colony flush with liquidity.

US STOCKS-S&P 500 futures turn down after Trump falsely claims victory with key votes uncounted

04 Nov 2020

Nov 4 U.S. stock futures turned down on Wednesday in volatile trade after President Donald Trump claimed that he had won the U.S. election even though millions of votes were still uncounted, raising the specter of a lengthy legal battle to resolve the outcome.

Hong Kong fines Goldman Sachs record $350 million over 1MDB failings

22 Oct 2020

HONG KONG Hong Kong's markets watchdog on Thursday fined Goldman Sachs's Asian business $350 million for its role in Malaysia's multibillion-dollar 1MDB scandal, the largest single fine ever levied by the regulator in the Asian financial hub.

Explainer: How does China's digital yuan work?

19 Oct 2020

HONG KONG China on Sunday concluded its largest pilot project to date for a central bank-backed digital yuan, with analysts saying the trial extended its lead in the global race to develop a central bank digital currency (CBDC).

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