Secretary for Financial Services and the Treasury, Professor K C Chan, has tabled a plan at the Legislative Council (LegCo) Finance Committee, whereby the government will continue to work closely with regulators and the industry to foster the sustained development of the financial services industry in Hong Kong. (read the rest of the story…)...
HONG KONG (Reuters) – When Standard Chartered handed a 634 million pounds ($1 billion) loan to a low-profile Indonesian businessman in December, bankers involved in the transaction wondered if they should have first broken it into chunks and shared the risk with other banks. Other Asia lenders might have done that. StanChart, however, decided...
HONG KONG, March 8 (Reuters) – Greenpark Capital haslaunched a $500 million global fund to invest in private equitysecondary markets, with a $100 million cornerstone investmentfrom International Financing Corp, the finance arm ofthe World Bank, according to sources familiar with the matter. The fund will initially invest in Asia, and Greenpark hasestablished a Hong...
HONG KONG (Reuters) – When concrete-pump maker and symbol of German industrial strength Putzmeister rolled up at Japan's Fukushima last year to help tackle the nuclear disaster, few industry watchers might have guessed it would soon be bought by China's Sany Heavy Industry. Sany , often referred to as China's Caterpillar , and other...
Ayala Land Inc. (ALI) will issue up to P10 billion in fixed-rate callable bonds to finance general corporate purposes. (read the rest of the story…) Related items ALI cleared to launch bond offering FLI to issue P11-B fixed-rate bonds Filinvest eyeing P11 billion bond float Hong Kong economy slowed in first quarter Hong Kong...
Hong Kong shares suffered their biggest slump in nearly three months on Tuesday as investors took profits in the financial and growth-sensitive sectors that led this year's rally, worried that more sales of stakes to raise funds would be priced at big discounts. (read the rest of the story…) Related items HK Shares Soar...
American International Group is selling part of its stake in AIA Group to raise about $6 billion, which will help the insurer repay part of its government bailout. Markets reacted favorably, with AIG shares … (read the rest of the story…) Related items AIG to sell $6 billion in AIA stock to repay U.S....
By Denny Thomas and Clare Baldwin HONG KONG (Reuters) – American International Group (AIG.N) is selling part of its stake in AIA Group (1299.HK) to raise about $6 billion (3 billion pounds), which will … (read the rest of the story…) Related items AIG to sell $6 billion in AIA stock to repay bailout...
American International Group is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal government bail-out. AIG is looking to place some 1.7 billion … (read the rest of the story…) Related items AIG to sell $6 billion in AIA stock to...
PrimeRevenue expands operations in the Asia/Pacific region to serve the needs of its increasing customer baseAtlanta, GA (PRWEB) March 01, 2012 PrimeRevenue Inc., the leading SaaS platform for global Supply Chain Finance (SCF), today announced the opening of a new location in Hong Kong, China. Located at 88 Gloucester Road, Wanchai, Hong Kong, the...
