Asia Markets Plunge to 6-Month Low Due to China Slowdown
China’s economy is struggling due to slow economic growth, impacting the manufacturing and real estate sectors. Asian market indexes like the Nikkei 225 Index of Tokyo fell to -0.16%, while Hong Kong’s HSI index slid down by -1.77%. The benchmarks of Australia and China slipped, while for South Korea, they
Carlyle Group Inc. Delays Asia Buyout Funds
Carlyle Group Inc. put a hold on closing a new pan-Asian buyout as the demand for Japan-focused vehicles has syphoned off investor interest, as per the individuals aware of this matter The Washington-based firm has asked for an extension on closing its 6th regional buyout fund. Since its launch two
What Is a Three-Tier Banking System In Hong Kong?
“In the hands of the right people, banking can be a force for good, enabling progress and prosperity for all.” – Muhammad Yunus. The banking system of Hong Kong is a testament to these lines of the former MD of the Grameen Bank. Its three-tier banking system has made