Markets

Chengdu aims to become the new Hong Kong

Turns to London to jump start transformation into financial center.

Chengdu aims to become the new Hong Kong

Turns to London to jump start transformation into financial center.

China's banking and finance chiefs purged

Zhou Xiaochuan will step down as Governor of the People’s Bank of China.

India considering quantitative easing

India looks to cut interest rates to prod growth.

In private equity, China is (still) the next big thing

The US and European Private Equity (PE) industry has taken repeated hits after the escalation of the financial crisis in September 2008. LBO markets...

Will slashing shareholder dividends improve the Big Four's profitability?

Reports say China's Big Four banks may reduce their dividend payout ratios by five percentage points to 35%.

ICBC sees growth in Singapore shipping

China’s biggest bank intends to focus its attention on building its ship finance business in Singapore.

CIMB Thai shares bolstered by Bank of Ayudhya buy report

News of CIMB's planned acquisition of Bank of Ayudhya stake pushed the shares of CIMB Thai Bank by as much as 23 percent to 2.96 baht.

China's 12th five-year financial plan seeks more financial controls

China has released its 12th Five-Year Plan for the Development and Reform of the Financial Industry it hopes will promote the continued healthy...

Hong Kong and Singapore retain their talent as financial services struggles

The employment markets in Hong Kong and Singapore financial services are less buoyant than they were 18 months ago; banks have been making...

Worsening investment climate in Indonesia is not reflected in FDI figures yet

In the last few months, overseas analysts and bankers were echoing that Indonesia is losing its sparks as favorite investment destination by...

Maybank expects to grow along with host countries

Maybank expects its growth pattern to be in tandem along with the countries it operates in.

KrungThai Bank eyes Bt14 B capital increase

KrungThai Bank hopes to raise at least Bt14 billion via a rights offering.

Bank of Communications gets nod for private placement

The Bank of Communications has received approval from regulators to complete its private share placement.

Singapore banks might ride out global financial crisis

Loans and investments made by Eurozone banks in Singapore comprise only 5% of their total exposure.

South Korea cuts key bank interest rate to fend-off recession

The Bank of Korea yesterday cut its benchmark seven-day repurchase rate by a quarter of a percentage point to 3%.

China needs more banking reforms

The government again goes to bat for small businessmen.