《Major Brokerage》Citi: Crackdown on illicit capital outflows in mainland China will not undermine RMB internationalization

Citi published a report stating that mainland China has introduced a series of measures to tighten outbound investment. The bank does not believe these measures are primarily aimed at curbing capital outflows; rather, their main objective is to close regulatory loopholes and enhance the effectiveness of domestic policies. Regarding outbound direct investment (ODI), national security is increasingly viewed as a key policy consideration. With respect to portfolio investment, the recent actions primarily involve enforcement rather than the introduction of new regulations. The bank expects the macroeconomic impact of these measures to be limited, as RMB appreciation and capital inflows from the Middle East into Hong Kong will help mitigate any adverse effects. The bank highlights three points requiring attention: implementation details, secondary tax

AASTOCKS19minutes ago

June 8 Buyback Roundup | AIA, Tencent, and others announced share repurchases, with AIA spending HK$680 million.

According to a disclosure filed with the Hong Kong Exchange on June 9, AIA (01299.HK), Tencent (00700.HK), and others repurchased shares. ① AIA (01299.HK) repurchased 9.352 million ordinary shares on June 8, for a total consideration of HK$680 million, at prices ranging from HK$71.95 to HK$74 per share. Since the adoption of the share repurchase mandate, the company has cumulatively repurchased 72.1634 million securities, representing 0.6903% of the issued shares outstanding as of the date the ordinary resolution was passed. ② Tencent (00700.HK) on

Futu News09:30

StanChart's Saudi Arabia Arm Gets Investment Management, Fund Operation Nod

MT NewswiresJun 8 19:55

Standard Chartered Group (02888) repurchased 760,000 shares on June 5 at a cost of GBP 14.7547 million.

Standard Chartered Group (02888) announced that on June 5, 2026, it repurchased 760,000 shares at a cost of GBP 14.7547 million.

Zhitong FinanceJun 8 18:32

HSBC's Georges Elhedery: AI helps enhance productivity, but people remain at the core of banking.

Earlier, Standard Chartered (02888.HK) CEO Bill Winters sparked controversy with his remarks about replacing “low-value human capital” with AI, and subsequently apologized for those comments. In an interview with Bloomberg Television, HSBC Holdings (00005.HK) CEO Georges Elhedery stated that even as artificial intelligence becomes widespread, people will remain at the core of banking. Elhedery emphasized that he needs human judgment, human decision-making, and human accountability in core functions. While he acknowledged that AI has the potential to revolutionize how banks serve clients and can enhance productivity and deliver hyper-personalized services, Elhedery insisted that

AASTOCKSJun 8 17:37

Standard Chartered Advances US$1.28bn Share Buy-back, to Cancel Repurchased Stock

TipRanksJun 8 14:16