Hong Kong's stock exchange will bank on its role as a gateway to China to take on other leading venues and win the listing of Aramco.
China has allowed its five biggest banks to temporarily lower the amount of money that they must hold as reserves.
Asian shares were mixed on the last trading day of the year, with Hong Kong and Taiwan in the lead.
China's biggest banks are losing money from writing off bad debt at a faster rate than they can earn profits, the SCMP reports.
Chinese investors could soon dominate Hong Kong's stock market, redefining how shares, especially small-caps, are traded and priced there.
ICBC will continue showing strength on the bad debt front, but the situation for the overall sector is set to worsen in H2, says Nomura's Sophie Jiang.
While non-performing loan ratios have crept up, recent results reflect a stabilization in asset deterioration, an analyst said.
Partners Capital International's Ronald Wan explains why investors should look at ICBC, Tencent and Link REIT.
Private investors should steer clear of China's mammoth banks, whose precarious state pose a risk to the world economy, an asset manager specializing in Asia told CNBC on Wednesday.
China's slowing economy and market rout may capture headlines, but the mainland's debt load is a bigger worry, said top China banking analyst Charlene Chu.
Deutsche Bank is to sell its stake in the Chinese lender for up to €3.7B in an effort to strengthen its balance sheet, the FT reports.
Asian stocks trimmed losses Thursday as oil prices bounced from an over three month low, but mood remained cautious ahead of economic events overseas.
Asian markets closed mostly in positive territory as investors shrugged off a lower finish on Wall Street and a miss on China PMI.
Asian equities closed mostly in the red on Monday as investors remained cautious following a mixed performance from Wall Street.
Asian stocks closed sharply in the red, led by a heavy afternoon sell off in the Chinese market as the regulatory body went after brokerages.
Asian markets closed mixed on Monday, following a rally on Wall Street last week as investors stay on a Fed-watch.
Asian equities bucked the trend on Wall Street overnight and finished strongly on Friday, even as a Fed rate hike lingered on investors' minds.
Chinese banks are alarmed by a rising number of defaults among jewelry manufacturers, prompting them to review new gold lending more carefully.
Asian shares traded mixed on Wednesday, as investors remain cautious over the latest global geopolitical developments in the wake of Paris terror attacks.
Asian equities were lackluster on Thursday, with weakening commodity prices and concerns over a slower-growing China pressurizing markets.