Asian stocks ended higher on Thursday, with mainland shares outperforming, as investors shrugged off disappointing Chinese trade figures.» Read More
HONG KONG, Nov 24- A group of 10 investors, including Norway's sovereign wealth fund and Och-Ziff Capital Management Group LLC, have together committed to buy about $1.1 billion into China Cinda Asset Management Corp as part of its Hong Kong IPO, people familiar with the matter said on Sunday.
HONG KONG, Nov 22- Oaktree Capital Group LLC, the world's largest distressed debt investor, is among a group of firms buying shares of China Cinda Asset Management Corp as part of its up to $2.5 billion initial public offering, sources said on Friday.
HONG KONG, Nov 22- Oaktree Capital Group LLC, the world's largest distressed debt investor, is among a group of companies buying shares of China Cinda Asset Management Corp as part of the Chinese company's up to $2.5 billion initial public offering, sources said on Friday.
China's broad-based reform plans got a thumbs-up from the markets, with Hong Kong and mainland shares climbing Monday, leading regional gains.
JPMorgan’s relationship with the daughter of China’s former prime minister points to its strategy for building influence in China.
HONG KONG, Nov 13- Hong Kong shares hit a two-month low early on Wednesday, underperforming mainland markets as disappointed investors cut risk exposure after a perceived lack of details on highly-awaited reforms from a key Communist Party policy meeting.
*China's top two insurers climb after strong earnings. HONG KONG, Oct 28- Hong Kong shares rebounded from a seven-week low in lackluster volumes early on Monday, led by some financial and energy counters after the weekend brought upbeat quarterly earnings. The Hang Seng Index, which ended Friday at its lowest since Sept. 6, climbed 0.5 percent at 22,807.1 points.
HONG KONG, Oct 28- Hong Kong shares may start higher on Monday after a top Chinese leader reportedly promised "unprecedented" economic and societal reforms at the Communist Party's much anticipated plenum meeting next month. China Telecom, Anhui Conch Cement and COSCO Pacific are among companies due to report quarterly earnings later in the day.
China shares have enjoyed a three-month-long rally and now it's time for investors to turn selective, analysts said.
HSBC is expected to announce a near $23 billion annual profit, with cost-cutting and restructuring ahead of schedule as Europe's biggest bank seeks to consign its U.S. troubles to the past.
A move by China's Ping An Bank to ban its regional branches from approving mortgages may signal that Beijing is set to tighten controls on the property market to calm prices.
Asian stocks closed mixed on Monday after Wall Street hit a five-year high in the previous session as strong economic data buoyed sentiment.
China approved the sale of HSBC's remaining $7.4 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, completing the biggest equity purchase in the country by a foreign investor.
Asian shares ended mostly lower on Thursday, paring initial gains as investors cashed in their chips following recent rallies with demand also capped by caution ahead of Chinese data on Friday.
When a high-profile, billion dollar deal for a stake in a Chinese insurer was inked in early December, officials at the country's biggest policy bank were asking one question seemly unrelated to the transaction: Who is Xiao Jianhua? Caixin reports.
Japanese shares surged to multi-year highs on Tuesday on rising expectations that strong political pressure will prompt the Bank of Japan to deliver bold monetary easing measures. Meanwhile, other Asian stock markets struggled as gains were capped on earnings caution.
China's insurance regulator said it is seeking more information from Ping An Insurance after conducting a preliminary review of HSBC's planned sale of its $9.4 billion stake in the insurer to Thailand's CP Group.
Asian shares ended mixed on Wednesday after rounds of profit taking from a sharp rally at the start of the new year subsided, while investors waited warily for corporate earnings season to kick off in full force.
HSBC's sale of its $9.4 billion stake in Ping An Insurance to Thailand's CP Group has been thrown into jeopardy after state-run China Development Bank (CDB) voiced concerns over funding for the deal, sources told Reuters.
Asian shares fell on Tuesday as investors turned cautious after the new year's rallies, with corporate earnings season for the last quarter of 2012 looming and the European Central Bank's policy meeting due later in the week.