Financial Industry News
A collection of Financial latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
JB Financial enters Indonesia, eyes EV finance as new growth engine
JB Financial Group won regulatory approval to acquire a majority stake in an Indonesian finance company, completing a key step toward establishing a foothold in Southeast Asia's largest economy, the company said Monday. The Indonesian Financial…
Green lift: Hong Kong widens finance taxonomy to spur transition capital
Hong Kong unveiled an expanded sustainable finance taxonomy as the city kicked off its annual Green Week on Monday, broadening the range of economic activities recognised as green or transition. The Hong Kong Monetary Authority (HKMA) launched a…
China pulls in Big Tobacco to help with smaller-than-expected finance-industry capital injections
A host of state lenders and insurers will get a combined 360 billion yuan ($53.6 billion) from state institutions, led by the Ministry of Finance and the country's tobacco giant. It is the first time that Beijing has extended recapitalisation to…
HK advances low-carbon transition with new green finance prototype and accelerator
Hong Kong Taxonomy for Sustainable Finance will launch its prototype Phase 2B during the Green Week to further improve the city's low-carbon future, said Secretary for Financial Services and the Treasury Christopher Hui Ching-yu. SCROLL TO CONTINUE…
Hong Kong to propel belt and road market expansion, finance chief says
Hong Kong will step up support for belt and road enterprises seeking to expand into new markets and tap regional growth, reinforcing its role as a pivotal business hub and platform for deeper exchanges, the city's financial chief has said. In his…
Carbon credit financing emerges as Africa's biggest bet for expanding clean cooking
Every morning, Mary Kavutha prepares breakfast for her two young children using an induction cooker in her Nairobi home. Two years ago, the businesswoman relied on a charcoal stove that filled her kitchen with smoke and cost about $1.15 in fuel…
China prepares £40bn stimulus for financial sector amid fears over sluggish growth
China will inject $54bn (£40bn) into its financial sector as Beijing attempts to shore up banks and insurers in the face of faltering economic growth. A host of financial institutions said they were due to receive billions of yuan in capital…
PGIM Jennison Financial Services Fund Q2 2026 Commentary (Mutual Fund:PFSAX)
The PGIM Jennison Financial Services Fund outperformed the 9.4% return of the S&P Composite 1500 Financials index for the quarter. Relative outperformance was largely driven by capital markets. The largest detractors were consumer finance, mortgage…
China pumps massive US$54b into insurers, banks in financial powerhouse push
China rolled out a package of capital injections worth about 360 billion yuan (US$54 billion) on Sunday for the country's largest state-owned insurers and state banks, marking a step towards Beijing's long-flagged plan to build itself into a global…
Finance stocks' biggest August movers: Robinhood rallies 36% as Aon, PayPal sink
The financial sector posted a modest gain over the past month and slightly outperformed the broader market. The Financial Select Sector SPDR Fund (XLF) delivered a 0.54% price return, compared with a 0.11% gain for the S&P 500 (…
IFAD, Bank of Kigali seal $21m deal to unlock finance for farmers' organisations
The International Fund for Agricultural Development (IFAD), Bank of Kigali and Aceli Africa have partnered to strengthen agricultural financing in Rwanda through a new agreement aimed at improving access to finance for farmers' organisations and…
Trump's Financial Disclosure Reveals a Personal Stake in Musk's SpaceX (SPCX)
Reuters reported that President Donald Trump bought between $15,001 and $50,000 in Space Exploration Technologies Corp. (NASDAQ: SPCX) shares on June 23, according to a financial disclosure signed August 12 and made public August 22. The purchase…
RMB use expands in Africa amid growing financial connectivity and trade
Guests celebrate the launch of Stanbic Bank Tanzania's direct RMB settlement service in Dar es Salaam, Tanzania, Aug. 12, 2026. (Xinhua/Nurdin Pallangyo) China's currency, the renminbi (RMB), is playing a bigger role in Africa as trade with the…
China to Inject $45 Billion Into State Financial Institutions
China will issue 300 billion yuan ($45 billion) in special treasury bonds to strengthen the capital positions of eight major state-owned financial institutions, as Beijing looks to bolster financial stability and expand lending to the economy. The…
Explainer-Options for UK finance minister Healey to tax wealth in October's budget
LONDON, Sept 7 - British finance minister John Healey faces pressure to raise billions of pounds in tax at his first budget to offset higher borrowing costs and fund Prime Minister Andy Burnham's plans for expanded social care and more defence…
Receive a Daily briefing on Financial Industry News
Get Started