FinNotes

4 matches across 1 sections

Market news & articles

Central Banks & Policy · an hour ago

PBOC Raises China’s Gold Reserves by 320,000 Ounces; FX Reserves Climb to $3.44 Trillion

China’s central bank increased official gold holdings by 320,000 troy ounces last month, lifting reserves to 74.96 million ounces, according to data released Sunday. China’s foreign exchange reserves rose $31.7 billion to $3.4422 trillion by the end of May. Bullion prices fell in May for a third straight month.

Central Banks & Policy · 2 hours ago

South Korea’s President Lee taps ex-Naver CEO Han Seongsook as prime minister nominee, citing AI push

South Korean President Lee Jae Myung nominated Han Seongsook, a former chief executive of internet portal operator Naver, to serve as prime minister. The presidential office announced the nomination on Sunday and said the appointment is intended to support the government’s artificial-intelligence policy agenda and broader economic strategy.

Finance & Banking · 2 hours ago

Philippine anti-graft court dismisses remaining asset claims in long-running Marcos forfeiture case

The Sandiganbayan, the Philippines’ anti-graft court, dismissed the remaining asset claims in a civil forfeiture case involving the heirs of former president Ferdinand Marcos, ending litigation that had lasted more than 30 years. Media reports said the government previously secured partial summary judgments ordering forfeiture of $658 million in Swiss deposits.

Finance & Banking · 2 hours ago

China securities regulator drafts fund-industry reform plan targeting long-term returns and lower fees

China’s securities regulator said it is preparing a reform plan for the fund management industry focused on improving long-term investor returns, reducing fees, and tightening oversight of market activity. It also outlined a three-year implementation plan for related guidance and said it will encourage private securities funds to adopt long-term, value-oriented investment approaches.