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THE US dollar Asian Bond Fund (ABF) launched yesterday will be a stepping-stone to ABF bonds denominated in regional currencies.
DBS Group Holdings, Singapore's largest bank, has notified police and banking regulators of a fake website that has sprung up under the DBS name, purporting to serve customers of its Hong Kong operations.
Beijing broadened its investigations into construction projects in its latest attempt to cool the economy.
Hong Kong bank customers will now have deposits of up to 100,000 Hong Kong dollars (US$12,800) protected by the government in case of a bank failure, an official said Thursday.
The Hong Kong Monetary Authority (HKMA), the territory's de facto central bank, said yesterday it had bought HK$780mil from banks in exchange for US dollars.