Scam operators seemingly thumb their noses at the regulator, which recently launched a campaign warning the public about financial frauds.

Frederic Genta, a high-ranking official from the principality, holds a flurry of meetings with government officials and investors in Macau and Hong Kong. ‘We can be a small door to Europe,’ he says.

AI is likely to make dramatic improvements to workers’ quality of life, but as with every new technology, some jobs will also be lost, Dimon says.

While worries about Chinese consumers and government debt are making investors cautious, attractive investment opportunities exist, according to asset managers from Pimco and Amundi at a summit in Hong Kong.

More than 40 of the 50 jobs the Wall Street firm plans to cut will be from Hong Kong and mainland China. Morgan Stanley joins a host of banks that have laid off bankers this year.

Country Garden is pushing back some onshore bond payments to later dates despite a round of extensions last year, underscoring the financial stress at the Chinese property developer.

The cutbacks, described by people familiar with the matter, come as a prolonged market slump reduces trading commissions and authorities tighten limits around what research analysts are allowed to publish.

Global fashion retailer Ralph Lauren will explore the ‘still significant’ growth opportunities in China’s key cities as it expands in a ‘disciplined and sequenced’ manner.

Treasury chief Janet Yellen attends exchanges marking fourth meetings of economic and financial working groups between Beijing and Washington.

The move by Fitch Ratings comes a week after it cut its projection for the country’s sovereign credit rating, reflecting pessimism in the world’s second largest economy and concerns over Beijing’s capacity to support its biggest lenders.

Spot bitcoin and ether ETFs in Asia could be attractive to investors looking to avoid US tax laws, but the market is still relatively ‘tiny’.

Accounting firm vows investigation, possible legal action against creators of ‘fabricated’ letter circulating on social media, which names partners it claims were involved in ‘auditing failure’ tied to the indebted developer.

Debt-laden property developer Times China Holdings is faced with a winding-up petition as it becomes the latest property company creditors are seeking to liquidate.

AI firm Bilby, says it can generate insights about what governments may intend to do – predicting regulatory changes ahead of the event.

Seven-day tour includes closed-door forums in Beijing, Shanghai, Hong Kong, and Shenzhen to seek potential partners for the ambitious urban-development project.

Bosera Asset Management, HashKey Capital, Harvest International and ChinaAMC are all working on spot crypto ETFs after the SFC’s first conditional approvals.

More divestments to come, analyst says, as conglomerate aims to cut debts by US$1.38 billion annually in the next two to three years.

Geopolitics is the biggest uncertainty and foreign interest in Chinese assets will depend on the direction of Beijing’s next set of policies, according to executives at the Harvard College China Forum.

Hong Kong is building an arsenal to assist the world with raising funds for managing losses from natural disasters, the Insurance Authority said. It is discovering more issuers, investors and data, as well as cultivating its modelling capabilities and talent.

Tokenisation has proved to be cheaper, more efficient and better than ‘the old-fashioned way of trading’, Noel Quinn says, but HSBC will stay ‘away from crypto’.

Laura Cha worked hard to elevate Hong Kong’s prominence on the international stage since she became the first and only female chairman of HKEX in 2018. As her tenure draws to a close, she believes that aim is no less important today.

Readers discuss suggestions that stringent checks on investors might scare them away, the need to widen pavements near beaches, and making payment on public transport more convenient for visitors.

China’s banks are removing some of their long-term fixed-income products and cutting rates offered to depositors in an effort to shore up profitability, as challenges including a slumping property sector, mounting local government debt, and slow consumption recovery weigh on bank earnings.

‘Our competitors are reducing capacity in Hong Kong and elsewhere,’ says Asia-Pacific CEO Alexander von zur Muehlen. ’That gives us a unique opportunity to operate in a kind of countercyclical way, and be strategic.’

Lee George Lam denies link to US$12.5 billion fraud by Vietnamese real estate tycoon Truong My Lan, insisting he was not part of management of Saigon Commercial Bank at the time.

HashKey will facilitate the sale and purchase of Toncoin, the native token of the TON blockchain, which was started by Telegram Messenger.

A document published by the nation’s cabinet on Friday promises to promote the ‘high-quality’ development of China’s capital market by strengthening supervision and guarding against risks.