Asia-Pacific

Evergrande borrowed not only from about 300 domestic and international banks, many of which remain undisclosed, but reportedly also from its employees, small firms and ordinary retail investors.

Citi is divesting from underperforming markets to focus on wealth management and institutional and corporate banking.

HSBC is doubling down on Asia.

China's banking sector is already vulnerable to high levels of corporate debt and cutting reserve requirements means greater systemic risk.

Tokyo is increasingly beating Hong Kong, Taiwan, and Singapore for IPO listings.

BlackRock received the license in June 2021 as the first foreign financial institution to operate a wholly owned China subsidiary, BlackRock Fund Management. 

New digital infrastructures kept trade flowing, even during the pandemic’s first year.

The public face of Singapore’s largely successful Covid-19 response is now in charge of the finance ministry.

Capitalism is old news in China but minority shareholders' rights are relatively new.

Toshiba shareholders voted for an independent probe into allegations that investors were pressured against pursuing a management shake-up at last summer’s annual general meeting.

Reshuffling at the top of Vietnam's leadership structure unlikely to lead to policy change.

Citigroup will focus instead on wealth management and its higher margins.

ESG is not new to China, but now China’s government is actively engaging in this area. 

The Asian Development Bank is holding its annual meeting remotely this month—for just the second time in its history. Covid-19 recovery and sustainability will be key topics.

Foreign direct investors in its mining industry are apprehensive on account of Magufuli’s resource-nationalist policies.

The Philippine central bank is helping commercial banks get rid of bad loans to help jumpstart an economic recovery.

India joins China, Russia, and the U.S. in offering the world its own Covid-19 vaccine.

China surges past the U.S. as the top destination for foreign direct investment.

The fallout from the Juukan Gorge scandal has put executives at other mining companies on alert.

The world is watching to see if Australia succeeds in making Big Tech pay publishers for the content they profit from.