HONG KONG/BEIJING China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people with direct knowledge of the matter said.
HONG KONG French asset manager Natixis Investment Managers plans to set up a presence in China, preferably through an acquisition, as part of its strategy to double its Asia Pacific assets by 2020, a top executive said.
HONG KONG Chinese financial firm JD Group has put its Hong Kong insurance business, FTLife Insurance Co Ltd, up for sale and a deal could fetch between $2 billion and $2.5 billion, three people with knowledge of the matter said.
HONG KONG Chinese financial firm JD Group has put its Hong Kong insurance business, FTLife Insurance Co Ltd, up for sale and a deal could fetch between $2 billion (1.54 billion pounds) and $2.5 billion, three people with knowledge of the matter said.
* CEO says confident about rest of 2018 despite macro
(Adds CEO comments, earnings details, context)
HONG KONG Rich Chinese and other Asians are increasingly seeking more control of their wealth, driving a rapid rise in the number of so-called family offices, or private investment vehicles, being set up in Hong Kong and Singapore.
HONG KONG/LONDON Standard Chartered's core emerging markets face increasing risks from the escalating Sino-U.S. trade war, the bank warned on Wednesday after reporting better than expected quarterly profit. | Video
Hongkong/London Die britische Großbank Standard Chartered hat wegen sinkender Belastungen durch faule Kredite im dritten Quartal deutlich mehr verdient.
HONG KONG/LONDON HSBC Holdings Plc posted a higher-than-expected 28 percent rise in quarterly profit on Monday, showing progress in its battle to control costs and shaking off fears that rising global political tensions could hurt its business. | Video
* Prevention of UBS wealth manager leaving China raises