Most importantly, the digital yuan will help China to internationalise its multi-trillion-dollar domestic debt, says Zhang Jun.
OCBC and UOB returned their dividend payouts to pre-pandemic levels as the Singapore regulator lifted the cap on dividends paid against their 2021 earnings.
UOB struck a positive note on growth in Asean even as the Covid-19 pandemic continues to ravage key markets, but stopped short of writing back provisions like what global banks have done as uncertainties remain.
