EIG-linked Gateway is seeking to double its NAV by raising fresh capital primarily from private banking clients and high-net-worth individuals and is set to become the first managed fund to list in Hong Kong. (more…) Related items UBS and Credit Suisse continue to hire private bankers Credit Agricole Suisse hires Hong Kong CEO Perception,...
Hong Kong and China shares rose on Friday, bolstered by Chinese banks and developers after Beijing's banking regulator said the country's "Big Four" state-backed banks will lend more to qualified developers to boost the supply of non-luxury housing. (read the news…) Related items Hong Kong, China shares up but conviction lacking Hong Kong, China...
Shares in HSBC fell in Hong Kong Thursday, a day after the banking giant announced plans to slash costs by up to $3.5 billion by 2013 and said it was considering selling its US branch network. (read on…) Related items HSBC sells insurance units in Asia, South America UK's White Cube opens HK gallery...
