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  1. Deutsche exit leaves ING poised for Bank of Beijing stake

    Posted Feb 11th 2005, 12:00am by Staff Reporter

    ... Nichole Chan Deutsche Bank had suspended efforts to buy a stake in mid-tier lender Bank of Beijing, a source said yesterday. The pull-out would leave Dutch rival ING favourably placed ... said Deutsche Bank had completed its due diligence on the bank but declined to disclose why the bank had left the negotiations. Beijing financial journal Caijing recently reported that ING ...

  2. ING may be first Dutch company with HK flotation

    Posted May 02nd 2011, 12:00am

    ... the first Dutch firm to launch an IPO here. In 2009, ING said it would split its banking and insurance businesses with an IPO for its United States insurance business and another for its Asia ... Exchanges and Clearing have encouraged overseas firms to list in the local market. We do not have any Dutch company listing here, and ING would potentially be the first.' Koster said the group ...

  3. ING to take 20pc stake in Bank of Beijing

    Posted Mar 24th 2005, 12:00am by Staff Reporter

    ... Bei Hu The World Bank's private-sector investment arm will team with ING Group to buy almost a 25 per cent interest in Bank of Beijing, sources close to the mainland lender said. ... mainland banking markets, a bank spokesman said. The deal follows protracted negotiations over months. The Dutch financial group is set to buy 19.9 per cent of the lender known until last year ...

  4. Bank of Beijing takes first step in bid to go national

    Posted Aug 10th 2006, 12:00am by Jamil Anderlini

    ... of Beijing. The bank, which is 19.9 per cent owned by Dutch financial services company ING Group and 5 per cent by the International Finance Corp, the private sector unit of the World Bank, plans ... Jamil Anderlini in Beijing Bank of Beijing said yesterday it would open a branch in the nearby city of Tianjin by the end of the year, making it only the second of the country's 113 ...

  5. Bank of Beijing turns cautious on HK listing

    Posted Apr 12th 2008, 12:00am by Staff Reporter

    ... by the United States subprime crisis and the mainland's tightening monetary policy. Bank of Beijing, of which Dutch financial group ING holds 16.07 per cent, refused to give a timetable ... said ING was interested in restoring its stake to 19.9 per cent. The lender's listing diluted ING's stake to 16.07 per cent. Bank of Beijing now has 131 branches in the capital, where ...

  6. State's grip loosens as world banks on China

    Posted Oct 01st 2005, 12:00am by Staff Reporter

    ... this year sold a 19.9 per cent state to Dutch ING Group for 17.8 billion yuan, and Huaxia Bank last month signed a preliminary agreement to sell a Deutche Bank-led consortium a 14 per cent stake ... eventful in China's banking history, with the government injecting US$60 billion into the country's three largest commercial banks, a string of foreign investments, a major public listing ...

  7. Richard Li said to be eyeing ING Asia units

    Posted May 30th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Telecom tycoon Richard Li Tzar-kai may bid for ING Group's Asia insurance and asset management businesses, according to sources. The giant Dutch financial ... in the world and richest in Asia, with an estimated US$25.5 billion. In bidding for the ING units, Richard Li faces strong rivals such as US insurers Metlife and AIA Group, Canadian insurer Manulife ...

  8. Mainland firms learn the cost in guns and death in search for oil

    Posted May 07th 2007, 12:00am by Staff Reporter

    ... and gas research at Deutsche Bank. 'China has a very big and very clear policy on this, and that's to buy more oil, and state companies will continue doing this with their own people unless they have to do otherwise.' While oil companies such as Royal Dutch Shell and BP have faced similar risks for many years, Chinese companies face the additional complications that come ...

  9. Bank of Beijing rises 81pc on trading debut

    Posted Sep 20th 2007, 12:00am by Staff Reporter

    ... Daniel Ren Shares of Bank of Beijing soared 81 per cent on their trading debut yesterday, boosted by mainland investors' increasing attraction to the banking sector. The country's third city commercial bank to go public closed in Shanghai at 22.68 yuan, up 10.18 yuan from the initial public offering price. A total of 461 million shares changed hands on turnover ...

  10. Merchants Bank buys fund stake

    Posted May 23rd 2007, 12:00am by Staff Reporter

    ... Amy Gu China Merchants Bank, the nation's seventh-largest lender, has received approval from the securities regulator to become the largest shareholder in China Merchants Fund Management amid its efforts to diversify into non-banking services. The Shenzhen lender plans to buy a 33.4 per cent stake in the fund house held separately by China Power Finance, China Huaneng ...




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