08/29/2012
Principal is seeking investors for the fund, which will be domiciled in Dublin, Adam Lackey, a company spokesman, said yesterday by phone. Tony Chu, a Hong Kong-based portfolio manager, will help oversee the investments.
08/28/2012
The venture, made up of Mr Li's Cheung Kong Holdings, Hongkong Land Holdings and Keppel Land, developed the Marina Bay Financial Centre for about S$4.5 billion, it said.
08/28/2012
First-half net profit for the country's top insurer was 9.6 billion yuan (HK$11.7 billion) - a decline of 25.7 percent on the six months last year - and earnings per share came in at 34 fens.
08/28/2012
Head honchos of some of the top brokerages have taken salary cuts in line with the decline in net profit amid gloomy stock markets and falling volumes.
08/27/2012
In Asia, the Asset Triple A Awards represent a defining mark of excellence in the industry.
08/27/2012
Thomas Book, head of clearing at Eurex, told a press briefing that the exchange was in talks with one unnamed Singapore bank about clearing house membership after the Monetary Authority of Singapore in June allowed local banks and brokers “remote cl
08/26/2012
For the third consecutive year, Malaysia's Public Bank wins FinanceAsia's award for Best Asian Bank, which we announced at our annual Country Awards dinner in Macau on Friday.
08/26/2012
Fifty-five companies were honoured today (August 27) at the 2012 Hong Kong Awards for Industries (HKAI) presentation ceremony cum gala dinner at which the Financial Secretary, Mr John C Tsang, officiated.
08/22/2012
Through its partnership with GreensLedge, GoldenTree will seek to further develop its local brand by continuing to offer high-quality client service to its existing Japanese investors and by leveraging GreensLedge’s local expertise and deep relation
08/22/2012
J.P. Morgan has executed Hong Kong’s first HKD tri-party repo transaction between Bank of China (Hong Kong) (BOCHK) and Barclays Bank, the first such trade following the launch of the Hong Kong Monetary Authority’s (HKMA) cross-border collater
08/22/2012
Worried over the finance ministry’s efforts to curb gold imports that may create long term negative impact on its availability in the country, bullion dealers have urged the government to allow banks to buy the metal back from consumers.
08/20/2012
The Reliance Life Insurance Company, a unit of the Anil Ambani-led Reliance Capital, is in talks with several public and private sector banks to utilise their services in offering insurance products, a senior official has said.
08/20/2012
Graham Ng, deputy head of equity sales and research at Boci Securities, says the firm’s prime servicing unit has prioritised developing relationships with managers of Chinese hedge funds up to $100 million in size.
08/19/2012
EFG Asset Management adds to its growth-oriented Asia strategies with the launch of the New Capital China Equity Fund
08/19/2012
Bendigo and Adelaide Bank will be running a tight ship, after announcing a 43% decline in full-year profit this morning.
08/19/2012
The platform, a Dublin-domiciled UCITS umbrella structure, will select best-of-breed managers in high-growth emerging markets according to Milltrust International, and has launched with three sub funds; these include Bank Itau, BTG Pactual and Value Part
08/19/2012
Norway's example of a sovereign wealth fund that captures some of the profits generated by the resources boom wouldn't work in Australia, a Treasury adviser says.
08/19/2012
The decision could deal a blow to the Dutch financial group's Asian divestment process, in which it is selling Asian life insurance and asset management operations in two separate transactions.
08/19/2012
Spot gold surged 43 percent during the period. So far this year, bullion has gained about 3 percent though prices are down 16 percent from a peak above $1,920 hit last year.
08/19/2012
The Anil Ambani-led Reliance group firm is launching the salary-based insurance agent drive in semi-urban and rural areas.