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Friday's headlines, Financials edition

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Friday's headlines, Financials edition

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GREATER CHINA

Equities in China post declines - Shanghai Daily
FDI into Shanghai surges 41% in April - Shanghai Daily
S&P Global set to be first foreign company to run ratings business in China - South China Morning Post

JAPAN AND KOREA

BOJ member warns against overly stimulating demand with easy policy - Reuters
In bid for survival, Japan's local banks tap AI to find eager borrowers - The Nikkei
South Korea's Mirae Asset hikes stake to 14.47% in Vietnam's Bamboo Capital - DealStreetAsia

ASEAN

Bank Negara raids company fronting as bank - The Star
Some Prudential policyholders had excess amount deducted from their bank account - The Straits Times
Singapore wealth advisor WeInvest raises $12.3m in Series A from Schroders, others - Deal Street Asia
Singapore warns eight crypto exchanges as scrutiny increases - Bloomberg News
BSP further trims bank reserves - The Philippine Star

SOUTH ASIA

Al-Arafah Islami Bank reelects top brass - The Daily Star
Gunit Chadha's APAC in talks to raise funds from Multiples - Mint
Airtel Payments Bank appoints Anubrata Biswas as MD, CEO - Press Trust of India
City Union Bank posts 18% rise in net profit for Q4 at Rs 1.52 billion - Business Standard
Non-life insurers gross premium up 14% at Rs 13,881 crore in April - Press Trust of India
Bank unions call for two-day nationwide strike from May 30 - Press Trust of India

AUSTRALIA AND NEW ZEALAND

New Australian life claims data released - Insurance Business
Australia's Commonwealth Bank says it double-charged thousands of customers - Reuters
Bank of Queensland admits it failed customer badly – banking inquiry - The Guardian
Aussie revelations push FMA, RBNZ to launch inquiry into life insurers - Insurance Business

The Daily Dose Asia-Pacific "Headlines" edition aggregates banking, financial services and insurance headlines from the websites of a limited number of major Asian and Australian publication titles and newswires, with an editorial deadline of 6 a.m. Hong Kong time. Language translations to English are provided by an automated service and may not be entirely accurate.