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U.S. announces further steps to restrict DPRK's access to global financial system

​The U.S. Treasury Department on Wednesday took further steps to restrict the Democratic People's Republic of Korea (DPRK) from the global financial system.

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China's central bank official warns of rising financial risks

China has developed a multi-layer financial system with more diversity and sophistication, but new business models bring about rising risks, a senior central bank official warned Sunday.

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S.Korea experts worry financial crisis in 3 years on corporate distress

​Domestic and foreign experts on South Korea's economy expressed worry about possible financial crisis happening here amid rising concerns about potential financial distress of local companies, a central bank survey showed Monday.

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Silk Road Fund weighing HK office

The US$40 billion Silk Road Fund was weighing a branch office in Hong Kong, its chairwoman said on Wednesday.

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Belt and Road Initiative strengthens HK's position as offshore RMB trading hub: financial chief

Hong Kong's Financial Secretary Tsang Chun-wah said on Friday that Hong Kong's participation in China's Belt and Road Initiative will strengthen the special administrative region's position as an offshore RMB trading hub.

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World Economic Forum on Africa urges better policy for financial market resilience

​Africa needs better and more flexible policies to build financial market resilience in the face of global economic volatility, economists urged at the ongoing World Economic Forum (WEF) on Africa 2016 in Kigali, Rwanda.

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China's credit surge augurs no restart of massive stimulus

​Data showing an increase in loans has fanned speculation that the government may turn to a massive stimulus program, a move that would pose a risk to global financial market.

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Hong Kong losing out to Singapore in terms of public financial knowledge

Hong Kong is losing out to Singapore again in terms of the public’s financial knowledge, leading to calls from regulators and others to improve the quality of market and investor education.

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Aussie banks take center stage in political contest

Australia's federal election race is becoming more contested as opposition leaders and ruling backbench MP's continue airing their disquiet over Prime Minister Malcolm Turnbull's rejection of an investigation into the banking industry.

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Moody's China outlook downgrade misses big picture: MOF

​Credit rating agency Moody's decision to downgrade the outlook for China's sovereign bonds misses the bigger picture and has little impact on financial markets, the Ministry of Finance (MOF) said Wednesday.

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Chinese vice premier demands financial support for poverty relief

​Chinese Vice Premier Wang Yang called for more financial support for poverty reduction on Tuesday.

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Financial knowhow eludes HK elderly

Nearly 40 percent of the elderly lack financial knowledge and face difficulty saving money, according research from the Building Capacity for Elderly Financial Education in Hong Kong project by Po Leung Kuk.

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Country will achieve growth targets, says Premier Li

China is set to achieve its annual economic growth targets despite the weak global economy, Premier Li Keqiang said at a news conference on Wednesday.

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Shenzhen-HK Stock Connect to be launched in 2016

​China securities watchdog said Tuesday it hopes to launch a stock connect scheme between the Shenzhen and Hong Kong bourses in 2016.

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PBOC, MAS renew bilateral currency swap arrangement

​The People's Bank of China (PBOC) and the Monetary Authority of Singapore (MAS) on Tuesday announced the renewal of the existing bilateral currency swap arrangement (BCSA) for a further term of three years.

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Japan adopts bills for regulating virtual currencies

The Cabinet of Japanese Prime Minister Shizo Abe adopted bills Friday aimed at regulating virtual currency businesses and allowing banking groups to invest in the financial technology sector.