Asia, the region with the fastest growing number of wealthy clients, has been a key battleground for both UBS and Credit Suisse

If the deal were completed today, the combined bank would be in violation of Chinese regulations governing the ownership of securities firms

Spending on appliances, furniture, dining and travel — fueled by $589 billion of ‘excess savings’ during the pandemic — should outpace GDP growth in 2023

Total online ad revenue will grow 15%, and gaming income will rise 6%, both accelerating from 2022

High-yield bond funds bail on the sector amid a worsening liquidity crisis and look to India and Southeast Asia instead

Rally that hit 32,000% saw it become one of the world’s biggest financial companies by market cap

Tough coronavirus restrictions are expected to be the culprit behind muted growth, a Caixin survey finds

An investigation by the city’s securities regulator determined that the former UBS banker had broken rules on disclosure and conflicts of interest

Analyst say ‘lingering restrictions and lack of clarity on an exit strategy’ will hurt confidence and depress demand

China’s top policymakers issue a sweeping set of pledges to spur the economy out of its Covid doldrums while retaining virus control as top priority

Veteran banker Eugene Qian succeeds David Chin, who held the top job for two years and will continue with the bank

Downgraded outlook comes as the country sticks to tough zero-Covid curbs and lockdowns to control a worsening virus outbreak

Residential property values in Hong Kong predicted to fall by around 5% this year

The economy has emerged as policymakers’ top priority as the country faces a slowdown from power shortages, surging raw material prices to property woes

Government seeks to cushion impact on businesses and supply chains as it strives to meet ambitious climate targets

With GDP growth expected to slide further in the fourth quarter amid ongoing power shortages, a property slump and export headwinds, the government may need to take action

Country should optimize its capacity by developing advanced coal producers and eliminating ‘backward ones,’ China’s premier says

The authorities will likely take steps to increase coal supplies and adjust power tariffs to ease the shortfall

China poised to take the lead in adopting the fuel and becoming self-sufficient over the next decade as production costs are expected to plummet

There is no large monetary base gap in China, a senior official at the central bank says. After-school tutoring companies must register as nonprofits by year-end