The family of Hong Kong magnate Joseph Lau Luen-hung is planning to take Chinese Estates Holdings private and on Wednesday offered an 83.5 per cent premium for shares held by minority owners. The …
Tagged By banking
Finance Minister downplays risks from Evergrande, Fed moves
Finance Minister Nirmala Sitharaman downplayed fears of global contagion from China’s Evergrande crisis and said the central bank and the government were keeping a close watch to cope with any ‘taper …
RBC continues to strengthen private banking team in Hong Kong
Fenny Chan and Angela Chow are the latest Directors to join RBC Wealth Management’s private banking team to support high-net-worth and ultra-high-net-worth clients in the region. They will focus on …
Financial Stress In China Property Sector Spreads Beyond Evergrande
Fantasia Holdings, a Shenzhen-based developer, missed repaying $206 million worth of bonds that matured Monday, the company said in a stock exchange it is now assessing the potential impact on the fin …
NongHyup Bank seeks to branch out to Australia, China in 2022
Park NongHyup Bank plans to open six more overseas branches in 2022, in line with parent NongHyup Financial Group’s strategic plan to bolster global businesses in the c …
A Surprise Default in China Worsens Evergrande Contagion Fears
The Chinese property industry has suffered its first default on a dollar bond since the China Evergrande Group crisis worsened in recent weeks, fueling concern about other highly leveraged borrowers …
Bitcoin climbs as US says it won’t ban cryptos like China
The surge follows the Securities and Exchange Commission chair Gary Gensler saying that the US won’t follow China’s lead in banning digital tokens. “Our approach is really quite different,” Bloomberg …
China’s Banking Sector Expected to See 10% Profit Growth in H2, Report Says
Since the third quarter of the year, commercial banks continued to improve their balance sheets and focused on the transition from expanding scale to enhancing quality, with operating performance …
Global tax rules ‘within reach’ but ‘it’s now or never’ ahead of key OECD meeting, French finance minister says
Members of the Organisation for Economic Co-operation and Development (OECD) will meet on Friday to discuss new global rules to share tax revenues.
China’s banking sector expected to see 10 pct profit growth in H2
Chinese commercial banks are likely to see their net profits grow by around 10 percent in the third and fourth quarters of 2021, boosted by the stability brought about by economic recovery, forecast …
China’s ABS market is ripe for more green deals
China’s ABS market is growing rapidly and becoming greener — but is it enough to support the country’s climate initiative and green transformation? Not quite. Latest statistics by Chinese data …
China sovereign bonds: investors should ask tough questions
Investors seeking clarity on China’s debt market should demand transparency and premium when the sovereign launches its dollar deal …
Banking sector’s loan exposure to Evergrande ‘insignificant’: MAS
Direct exposures to China’s property sector are less than 1% of non-bank loans. Singapore’s banking sector has ‘insignificant’ exposure from the fallout of China Evergrande Group, with less than 1% …
