Malaysia-based Hong Leong Bank (HLB) announced that its Hong Kong branch has launched the first Islamic banking business window in Hong Kong, a platform for the lender to expand its international Islamic financial business.
HLB’s Hong Kong branch said it has won regulatory approval earlier from the Hong Kong Monetary Authority (HKMA) and Malaysia’s central bank [...]
Britain’s Barclays Bank Plc has secured approval from the China Banking Regulatory Commission (CBRC) on its plans to buy into the Chongqing-based New China Trust & Investment Co Ltd, one of the country’s oldest trust companies, which allows Barclays to tap into the country’s fast-growing wealth management industry.
The London-headquartered lender is allowed to buy a [...]
Taiwanese authorities are likely to allow Chinese mainlanders to invest in the island’s telecommunications sector, according to a report by the Commercial Times.
The mainland investors would be treated as foreign investors, which means that they could hold a maximum direct stake of 49% in fixed-line and long-distance phone operators, and up to 60% if indirect [...]
Poly Bona, a Chinese movie distributor, will soon receive an investment worth US$30 million from Sequoia Capital China and SIG Asia Investments.
The funds injection, the second round of private fund-raising of Poly Bona if successful, is expected to be completed in two months at the latest, Reuters cited unnamed industry sources as saying. The first [...]
CLSA Capital Partners (HK) Ltd said on Monday it had bought in US$30 million worth convertible bonds from Taiwan-based Fulltech Fiber Glass Corp.
CLSA Capital Partners (HK) currently owns 8 funds with total US$ 2.3 billion of assets under management.
The assets management company said the investment was made through its ARIA Investments Fund.
Tags: Fund, investment
The country’s fixed-asset investment expanded 27.3 percent in the first seven months from a year ago, a sign that robust domestic demand is helping the nation to cope with weakening exports.
Spending on fixed assets such as plants, bridges and roads amounted to 7.22 trillion yuan ($1 trillion) by the end of last month, the National [...]
