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  1. 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 ...

  2. 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 ...

  3. ING plans cautious expansion in Asia

    Posted Dec 22nd 2008, 12:00am by Staff Reporter

    ... Natalie Chiu Dutch financial services firm ING seeks to boost its insurance presence in the Asia-Pacific but will adopt a cautious approach to acquisitions, given the challenging ... from the Dutch government in October to bolster core capital. The group has about 3,000 staff in Hong Kong, the mainland and Macau, where it offers insurance, banking, investment and retirement ...

  4. 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 ...

  5. 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 ...

  6. Bank of Beijing hails easing of policy

    Posted Sep 23rd 2008, 12:00am by Staff Reporter

    ... by Dutch bank ING, yesterday announced the opening of its Shenzhen branch. It is the fourth branch outside of its hometown Beijing. Separately, the bank yesterday said it had completed its sale ... Natalie Chiu in Shenzhen Bank of Beijing, the mainland's largest city lender, said the latest easing of monetary policy would boost its earnings by 20 million yuan (HK$22.74 million) ...

  7. 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 ...

  8. ING, Kookmin form life insurance venture

    Posted Jun 03rd 2004, 12:00am by Staff Reporter

    ... Anette Jonsson ING Group has agreed to take a 49 per cent stake in a life insurance company being formed in South Korea by Kookmin Bank, the financial institution said yesterday. Kookmin ... won (HK$16.79 million), will be transferred to KB Life. This comes after ING sold its entire cash equities business in Asia to Australian-based Macquarie Bank in March, which left it to focus ...

  9. 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 ...

  10. In Brief

    Posted Oct 23rd 2003, 12:00am by Staff Reporter

    ... Tradebook Hong Kong, which formerly operated under a broker licence, will also become an ATS. The five will offer products for investors to trade via the internet. Regulator grants dutch bank a quota for QFII China's foreign exchange regulator yesterday granted a US$100 million investment quota to Dutch bank ING, allowing it to invest in yuan A shares. The approval brought ...




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