Post Tagged with: "Banking & Finance"

China?s Zijin Mining to raise US$1.2 billion through share issue to fund takeover of Nevsun Resources

China?s Zijin Mining to raise US$1.2 billion through share issue to fund takeover of Nevsun Resources

Zijin Mining Group, China?s largest gold miner, said it plans to issue 8 billion yuan (US$1.16 billion) worth of shares in Shanghai to finance the purchase of a Canadian mining company, the biggest overseas acquisition since the company went public in Hong Kong in 2003. The miner said in a […]

China?s P2P lending crisis worsens as second firm runs into trouble in a week

China?s P2P lending crisis worsens as second firm runs into trouble in a week

Mainland China?s peer-to-peer (P2P) lending crisis showed no signs of abating after another big platform said it would not be able to repay investors 860 million yuan (US$125.4 million) when the debts expire this weekend. Xinhehui, a Hangzhou-based P2P operator which has conducted online lending businesses worth more than 210 […]

Japan outpaces China in race for outbound mergers as trade war, capital controls weigh on deal flow

Japan outpaces China in race for outbound mergers as trade war, capital controls weigh on deal flow

Driven by a massive tie-up between Takeda Pharmaceutical and the Irish drug maker Shire in May, outbound mergers and acquisitions from Japan outpaced China for the first time in five years in 2018, according to financial services data provider Dealogic. Japanese companies accounted for 649 deals worth US$184.2 billion last […]

Hong Kong brokers brace for hard times in 2019, urge regulators to speed up access to Greater Bay Area

Hong Kong brokers brace for hard times in 2019, urge regulators to speed up access to Greater Bay Area

Hong Kong?s smaller brokerages have lobbied local regulators to introduce measures that would allow them to broaden their ?market to the 70 million residents in the ?Greater Bay Area?. Christopher Cheung Wah-fung, a lawmaker representing the financial services sector, said such measures were needed to help smaller companies survive. ?The […]

DBS Vickers to transfer Hong Kong retail brokerage clients to sister bank

DBS Vickers to transfer Hong Kong retail brokerage clients to sister bank

For more than four decades, the Vickers name has been associated with retail investing in Hong Kong. On Monday, that time will pass. The change comes after DBS Group, the Singapore financial services company, announced earlier this year that it would merge the retail brokerage operations of its DBS Vickers […]