China debt crunch
Evergrande sells stake in regional lender to shore up finances
Shengjing Bank says local government will gradually increase ownership
Finance
China debt crunch
China Huarong shareholders back consumer unit exit and new president
Moves aimed at shoring up embattled distressed debt manager
Climate Change
Philippines and Vietnam coal-fired plants to retire in ADB-led plan
Bank partners with Prudential and HSBC for pilot project
Markets
Hong Kong Exchanges' profit drop signals slowing bull run
China's crackdown on tech and education companies hangs over IPO outlook
IPO
Paytm eyes revenue increase to $1bn as fintech grows in India
Digital payment unicorn banks on expansion and lower costs to turn profitable
Finance
NAB to buy Citi's Australia consumer business in $882m deal
Move comes after US lender said it would exit its 13 overseas consumer operations
Market Spotlight
Islamic bonds come under microscope after Garuda Indonesia default
Rating agency highlights legal uncertainty as issuance reaches new high
Cryptocurrencies
Binance.US CEO Brian Brooks quits after just three months
Resignation of former regulator comes amid intense scrutiny of crypto exchange
IPO
Kakao Bank shares surge nearly 80% in Seoul market debut
South Korean digital lender becomes most valuable listed financial stock
Finance
Singapore's DBS hikes payouts as other lenders reel from COVID
Central banks in the city-state and Thailand ease guidance on dividends
Property
Hong Kong property group ESR to buy rival ARA for $5.2bn
Deal poised to create world's third-biggest real estate manager
Finance
Rise of online finance pushes banks to cut branches worldwide
56,000 locations closed in 100 countries over the past decade
IPO
Singapore startup FinAccel announces $2.5bn SPAC listing in US
Operator of Kredivo service in Indonesia targets the unbanked and underbanked
Business deals
Houlihan Lokey announces bid for Japanese M&A consultancy GCA
Proposed $622m acquisition anticipates wave of post-COVID deals in Japan
Caixin
Hong Kong's Tracker Fund ETF closes door to US investors
Move echos Trump-era ban on trade with companies aligned with Chinese military
Business deals
Square to buy Afterpay for $29bn as buy now, pay later booms
Afterpay's board unanimously recommends the deal to its shareholders
Cryptocurrencies
Malaysia takes aim at Binance CEO as global crackdown escalates
Changpeng Zhao in focus as exchange also plans to wind down European derivatives business
Finance
Nomura reports 57% profit drop following Archegos debacle
Despite weaker results, analysts welcome shift to less volatile business
Finance
Citigroup banks on disciplined approach to China
Institutional banking and wealth management are focus of Asia strategy
Finance
Sumitomo Mitsui files to launch Chinese brokerage
Megabank follows Nomura and Daiwa on path for a new securities unit
