07/26/2012

Meet the Chinese billionaires with Australia in their sights

His father is Zeng Qinghong, a top Communist Party cadre and former Beijing kingmaker (think Graham Richardson and the Labor Party of the 1990s) who is credited with brokering the deal that saw Xi Jinping catapulted into pole position in the race to becom

07/26/2012

HSBC to sell 44% shareholding in Global Payments Asia-Pacific

The transaction, which is subject to regulatory approvals and the agreement of the terms of ancillary commercial contracts, is expected to complete during the second half of 2012 and represents further progress in the execution of HSBC's strategy.

07/26/2012

PDIC approves merger of Allied, PNB

The merger is seen creating the country’s fourth-largest private bank. In a disclosure to the Philippine Stock Exchange on Thursday, PNB said it had received notice from the PDIC approving the merger, subject to certain conditions, details of which

07/25/2012

Top asset manager to increase Asia lending

Global banks scaled back cross-border lending to companies, governments and each other at the fastest rate since 2008 in the final quarter of last year, the Bank for International Settlements said last month.

07/25/2012

ASX partners with SGX on futures

Australia's futures and options trading market is currently worth $50 trillion, said the Australian Securities Exchange.

07/24/2012

New York Life, Macquarie Are Said to Vie for Dexia Unit

“There’s a general tendency to move toward lower-capital, fee-based models so that might explain the appeal for strategic buyers,” said Matthias de Wit, a Brussels-based analyst at Petercam SA. “Still, it’s a tricky market to

07/24/2012

Sovereign Wealth Fund Suffers Investment Losses

The China Investment Corporation (CIC), the nation's sovereign wealth fund, said Wednesday its overseas portfolio yield for 2011 stood at negative 4.3 percent due to slow recovery of global economy and the European debt crisis.

07/19/2012

Hong Kong Develops Its Fund Management Business

The survey of fund management business covered the overall value of assets reported in the sub-sectors of asset management, fund advisory and private banking, as well as SFC-authorized real estate investment trusts (REITs).

07/19/2012

Singapore Exchange Aims to Take Asia

Singapore Exchange (SGX) announced Thursday its higher mainboard admission standards, aiming at ensuring its position as a competitive and relevant global exchange and attracting larger companies seeking to list here.

07/19/2012

New Asia hedge funds raise US$2bil in first half

New Asian hedge funds collected US$4.43bil in 2011, powered by major launches such as ex-Goldman Sachs Group Inc trader Morgan Sze's Azentus and former Asia head of Highbridge Capital Carl Huttenlocher's Myriad.