HONG KONG China will ask Wall Street firms for ways to improve ties with the United States and suggestions to open up its financial sector at a day-long meeting in Beijing on Sunday, people familiar with the matter said.
HONG KONG Standard Chartered is parting ways with three senior Asia-focused bankers and possibly with some mid- and junior-level bankers, as the British lender moves ahead on a plan to cut costs and revamp its industry coverage, two sources said.
HONG KONG HSBC Holdings Plc aims to increase its Asia private banking headcount by two-thirds in five years and double client assets in eight as it eyes a bigger share of the business in the world's fastest-growing wealth market, top executives said.
HONG KONG/AMSTERDAM China's Anbang Insurance Group [ANBANG.UL] has picked JPMorgan to manage the 1.4-1.8 billion euro (1.2-1.6 billion pounds) sale of its Dutch insurance arm Vivat, two people familiar with the matter told Reuters.
AMSTERDAM, Sept 5 China's Anbang Insurance Group
has picked JPMorgan to manage the 1.4-1.8 billion
euro ($1.6-$2 billion) sale of its Dutch insurance arm Vivat,
two people familiar with the matter told Reuters.
HONG KONG At least a dozen banks, fintechs and telecom firms are lining up to get a piece of Hong Kong's retail and small business banking market as the regulator prepares to award the former British colony's first online-only banking licenses.
* Deadline for application submission to regulator ends
HONG KONG/KUALA LUMPUR Hong Kong-based insurer FWD Group has agreed to buy HSBC Holdings Plc's stake in a Malaysian insurance joint venture as part of a plan to expand its presence in Asia, three people familiar with the matter said.
SHANGHAI/HONG KONG China's biggest listed state-owned lenders are expected to post modestly higher profits and steady margins for the six months ended June, as government efforts to boost spending and liquidity underpins loan growth.