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Wednesday's headlines, Financials edition

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Wednesday's headlines, Financials edition

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GREATER CHINA

China Is Asking Banks to Avoid Yuan Market 'Herd Behavior' - Bloomberg News
China needs better policy coordination to spur lending: PBOC adviser - Reuters
China market rises most in two years as pension funds get OK to invest in stocks - South China Morning Post
China skips open market operations Tuesday - Xinhua News Agency
Homeowners beware: Citibank first to raise mortgage rate in Hong Kong - South China Morning Post

JAPAN AND KOREA

Moon calls for financial deregulation to allow market competition - Yonhap News Agency
Remittance startup Sentbe steps up operation in Vietnam - The Korea Herald
Unionized bank workers vote to go on strike - Yonhap News Agency

ASEAN

BoT tells banks to tackle cybersecurity - Bangkok Post
Singapore's fintech platform Rate raises $15m in token sale from Matrix Partners, others - DealStreetAsia
Security Bank profit down in first half - BusinessWorld
PSBank to decide on home loans in a day - BusinessWorld

SOUTH ASIA

ASK Investment Managers files IPO papers with SEBI, may raise Rs 2,000 cr - Moneycontrol
PNB to sell stake in housing finance arm by fiscal end - Mint
Indian banks take about Rs 70,000-crore hit due to frauds in last 3 fiscal - Press Trust of India
SBI to support employees under investigation for fraud - Mint
Exim Bank targets USD 25 bn lines of credit in FY19: MD - Press Trust of India
Government appoint S Gurumurthy, Satish Marathe as part-time directors on RBI board - The Economic Times

AUSTRALIA AND NEW ZEALAND

Banking royal commission: fees-for-no-service compensation bill mounts - The Australian
NAB accused of withholding information from ASIC - The Sydney Morning Herald
IOOF says no bad advice provisions needed, urges policy restraint - The Australian Financial Review
Zip uploads full-year revenue surge, hits cashflow break-even milestone - The Australian

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.