Bloomberg China’s trillion dollar asset-management market opens wider this week, forcing BlackRock Inc, Vanguard Group Inc. and other global firms to make a strategic decision: Go it alone or work with an entrenched local partner. While the further liberalisation of the investment banking and money management industries in China has been overshadowed by the coronavirus crisis, wealth firms are nonetheless ...

Bloomberg Japanese Prime Minister Shinzo Abe said he plans to submit an extra budget in about 10 days to help fund an unprecedented economic stimulus package, while warning residents to prepare for a long battle against the coronavirus pandemic. Speaking at a press conference in Tokyo, Abe said there was no need to declare an emergency now, but urged the ...

Bloomberg Hong Kong’s government will introduce a second round of financial assistance for businesses affected by the novel coronavirus outbreak, according to Chief Secretary Matthew Cheung. The subsidies from the Epidemic Prevention Fund would aim to protect workers, Cheung wrote in a blog on Sunday that didn’t provide details of the plan or a timeline. The government announced its first ...