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Hong Kong's assets under management grow to record $5.38 trillion, SFC survey shows

Hong Kong's assets under management surged 20% to a record HK$42.2 trillion ($5.38 trillion) in 2025, marking a third consecutive year of growth for the financial hub, according to a Securities and Futures Commission (SFC) survey.The jump was partly driven by a nearly threefold rise in net fund inf…

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UK's FCA says parts of motor finance redress scheme suspended

Britain's Financial Conduct Authority said on Thursday parts of its motor finance consumer redress scheme had been suspended pending legal challenges brought by four parties.The regulator introduced the scheme in March to compensate motorists who were treated unfairly under motor finance arrangemen…

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China's Great Wall Motor targets 3% to 5% market share in Europe by 2030

By Giulio PiovaccariChinese automaker Great Wall Motor is aiming for a market share of 3% to 5% in Europe by 2030, betting on the roll-out of at least 10 models in two years, from compact cars to large off-road vehicles, the group's Chief Technology Officer Nicole Wu said on Thursday.GWM SSE:601633…

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