The Asian city is already the fastest-growing wealth center in the world, with more than $550 billion in assets under management, according to research firm WealthInsight.
The manager of K-Green Trust, a business trust focusing on investing in eco-friendly infrastructure assets, is proposing to change the trust's name and expand the variety of assets it can invest in.
Bickering between the private sector and state-owned lenders has forced the corporate debt restructuring cell to ask all banks, including private ones, to extend working capital funding to companies whose loans are getting restructured,
London-based CVC plans to invest the fund in companies across the region, in countries such as Indonesia, Malaysia, the Philippines and China.
The securities offered a yield of 3.961% for five and an half years tenure. Investors across Asia, Europe and US have subscribed the issuance, which was rated as BBB- by rating company S&P.
Foreign institutional investors have poured in a whopping Rs. 9,600 crore in the Indian equity market so far in March, mainly on hopes of a stable government in general elections starting next month.
36 South Capital Advisors LLP, whose Black Swan Fund returned 204 percent in 2008, is starting a new hedge fund targeting Australian (ASX) institutions seeking protection from market downturns and additional returns.
Cash-strapped Chinese are scrambling to sell their luxury homes in Hong Kong, and some are knocking up to a fifth off the price for a quick sale, as a liquidity crunch looms on the mainland.
Citibank India, a leading wealth management services provider, along with Appolo Munich will offer healthcare solutions to its affluent and high networth clients.