South Korean banks reported an improvement in their capital ratios in the second quarter of 2024, with the total capital ratio rising to 15.76% as of the end of June, according to data from the…

China’s central bank has raised alarms over potential instability in the country’s bond market as the government prepares to issue a significant amount of new debt before the year’s end. This warning comes amid a…

China’s central bank, the People's Bank of China (PBOC), has kept its one-year policy lending rate, known as the medium-term lending facility (MLF), unchanged at 2.3%. This decision follows a 20-basis-point cut in July and…

Bank Negara Malaysia (BNM) has fined Bank of China (Malaysia) (BOCM) approximately $20,196 (MYR88,000) for relocating its core banking systems to new data centres without the required approval. BOCM moved two key systems in December 2022…

Chinese technology companies, including Alibaba, Tencent, Baidu, and ByteDance, have significantly increased their capital expenditures on artificial intelligence infrastructure in the first half of this year, underscoring their commitment to advancing AI technologies despite ongoing…