While a smaller size signalled a yet-to-rebound Hong Kong stock market, Lianlian is the first fintech firm to be approved by the CSRC since its registration-based new rules.
The SEC will require all US securities transactions to be settled no later than a day after trading from May 28, in a significant move to the T+1 settlement cycle in the world’s largest market.
Investing in funds that track fixed income benchmarks has gained popularity. An interest in local markets and fixed income markets overall has contributed to this segment, that is yet to boom in Asia.
The property crisis and policy measures will continue to pressure the bank’s revenue throughout 2024, said CMB’s board members during a press conference.
Paul-Antoine Thiebot was previously director, energy transition and sustainable finance, overseeing the banks's regional mandate of the sustainable and positive impact finance group.