Bank of China Ltd. led Chinese banking shares higher in Hong Kong after their state-backed shareholder allowed the nation’s biggest lenders to cut dividend payouts, shoring up capital while avoiding share sales. (read the story…) Related items Hong Kong Tips Into Recession, Most Accurate Forecaster Says Hong Kong Likely Entered Recession in Third Quarter,...
Sovereign wealth fund China Investment Corp and state refiner Sinopec are among the three cornerstone investors to pledge $350 million toward Canadian oil explorer...