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  • October 21, 2014
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  1. ING mulls pulling out of mainland venture

    Posted Mar 09th 2009, 12:00am by Enoch Yiu

    ... to review this and see if we could concentrate on one joint venture only.' The Dutch insurance and banking giant created a 50-50 joint venture with Beijing Capital Group to form Dalian-based ... Enoch Yiu ING, the Netherlands' largest financial services group, may pull out of one of its two insurance joint ventures on the mainland to improve capital allocation and respond ...

  2. Financial chaos leads ING back to the basics

    Posted Mar 09th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu ING made a big splash in the international business world in 1995 with its spectacular purchase of troubled Barings Bank. It further strengthened its global brand ... the group can successfully survive the crisis. That is partly because of a deal made with the Dutch government under which ING will receive Euro10 billion in government guaranteed bonds, in addition ...

  3. Changing career can open up whole new world

    Posted Dec 29th 2009, 12:00am by Enoch Yiu

    ... a bottle of his favourite brew. Time of change at ING Group Something else Hekstra is having to get used to is changes at ING Group, which is splitting its banking and insurance units. Hekstra said ... is the deputy chief executive of ING Life in Hong Kong and Macau. Unlike many insurance executives who have been in the sector all their careers, he only joined in February 2007. Before that, he ...

  4. Mainland lenders review foreign ties

    Posted Jan 16th 2009, 12:00am by Staff Reporter

    ... investors more say in management.' In October last year, Dutch financial group ING announced it would boost its 16 per cent stake in Bank of Beijing, a city commercial bank, to 20per cent. Mr ... Jane Cai in Beijing Partnerships come under scrutiny amid stake sales In an emotional outburst unusual for mainland enterprises, Bank of China said it would not forget 'partners who ...

  5. Shui On Land and Dutch firm in Wuhan venture

    Posted Jul 10th 2009, 12:00am by Sandy Li

    ... Sandy Li Shui On Land has formed a strategic partnership with a Dutch property giant by selling a 50 per cent stake in a proposed shopping centre in Wuhan for 750 million yuan (HK$850.8 ... to leverage on their expertise to enhance our project's quality. Now banks are more willing to lend, funding is not a question for us,' he said. Last month, the firm raised about HK$2 ...

  6. Brave new Dutch power trip

    Posted Aug 16th 2009, 12:00am by Joyce Ng

    ... Joyce Ng Johannes Out's new house in the Dutch town of Leusden looks no different from the other red-brick homes in the neighbourhood, but there is a big difference. It produces ... and live in it to show them'. The project has already caught the attention of the Dutch government, which has made sustainable construction a key part of its green stimulus package, under ...

  7. Beijing steers a steady course on economic front

    Posted Dec 08th 2009, 12:00am by Cary Huang

    ... group ING, expects a gradual tightening in monetary policy, with the interest rate paid on bank deposits rising in each of the next four quarters. Lu and Bond said the short-term impact ... in macroeconomic policies,' Ting Lu and T. J. Bond, economists at Bank of America-Merrill Lynch, said. However, they said that a careful reading of the statement showed that the government would try ...

  8. Women lauded at awards night

    Posted May 22nd 2009, 12:00am by Staff Reporter

    ... ING's Kathryn Dioth, Hang Seng Bank's Margaret Leung Ko May-yee and Realchamp Asset Management's Scarlett Pong Oi-lan ...

  9. Two lenders get nod to buy into insurers

    Posted Jun 03rd 2009, 12:00am by Enoch Yiu

    ... of Australia will retain its 49 per cent share of the venture, Caijing magazine reported. Bank of Beijing wants to take a stake in ING Capital Life Insurance, a 50-50 joint venture of Beijing Capital Group and ING Groep, but details of the deal have not been finalised. Xia Lingwu, press office chief at the China Banking Regulatory Commission, said he had not received any news about the two ...

  10. Scepticism a key commodity for high-end market players

    Posted Sep 27th 2009, 12:00am by Kate Watson

    ... Kate Watson Private banks and wealth managers have seen their asset values and those of their high-net-worth clients plummet because of the global financial turmoil. It has forced them to change the way they invest and make them more risk averse. Investors and private banks are now working closely to preserve capital rather than maximise returns. According to Nitin Dialdas, senior ...




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