Bloomberg Hong Kong has appointed a veteran central banker as the next chief executive of its monetary authority, signalling continuity remains the priority as the city faces ongoing political turmoil. While the social unrest over the government’s botched extradition bill won’t be Eddie Yue’s responsibility, and may even have dissipated by the time he takes office in October, maintaining the ...

Bloomberg Jack Ma’s online bank is leading a quiet revolution in the way China lends to small businesses, taking aim at a credit bottleneck that has held back Asia’s largest economy for decades. Using real-time payments data and a risk-management system that analyses more than 3,000 variables, Ma’s four-year-old MYbank has lent 2 trillion yuan ($290 billion) to nearly 16 ...

Bloomberg Social unrest gripping Hong Kong has affected the city’s economy and businesses, and the unemployment rate is likely to rise from current levels, financial secretary Paul Chan said. In the Chinese-language post on his website, Chan said many local retail and catering businesses had experienced a “sharp decline” in business, and he warned that the longer the historic protests ...