Slowing loans, M&A and ECM hit banks' fees last year. Technology, exports and bonds are bright spots, while Hong Kong is increasingly being seen as a place to raise foreign capital. PBOC's governor Pan Gongsheng wants a proactive policy approach.
The funds follow a $170m investment into the Indian healthcare provider in February 2022; AHH's chairman sees "huge growth opportunities" to bridge the supply and demand gap.
Outstanding mortgage rates for individual borrowers will be cut by 0.5%, potentially helping around 50 million households, while the reserve requirement ratio (RRR) for most banks will also be cut by 0.5%.
After a slow start to the year, confidence is slowly returning to the city's equity market, with QuantumPharm about to become the third largest listing of the year.