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  1. 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 ...

  2. Guaranteed funds offer investors a stake in the mainland

    Posted Jan 09th 2004, 12:00am by Staff Reporter

    ... telecommunications; consumer and retail; energy and basic materials; banking and financial services; property and conglomerate; and transport and travel industries. ING Investment Management is also launching a China-related guaranteed fund product. The Dutch investment management firm has launched an ING China WTO Guaranteed Fund with upside potential from the consumption boom which increased consumer demand ...

  3. GE Money eyes bank to move into retail market

    Posted Oct 28th 2004, 12:00am by Staff Reporter

    ... that GE will adopt a conventional branch system. According to Mr Taechawatanathorn, the company is studying the feasibility of online-only deposit taking like that employed by ING Bank in the US. ... Kelvin Wong It is also weighing being a branch of a foreign lender to transform itself into a financial services company Consumer finance specialist GE Money may acquire a local bank ...

  4. ING opens insurance front with Guangzhou branch

    Posted Feb 21st 2004, 12:00am by Enoch Yiu

    ... Enoch Yiu ING Insurance has become the latest foreign insurer to set up in Guangzhou, indicating the city has become the next battlefield for international insurers. Overseas insurance companies have mainly concentrated on the Shanghai market but are now switching their attention to Guangzhou to set up their second mainland joint-venture operations. ING will compete with US-based ...

  5. Mainland banks edge closer to funds sector access

    Posted Jun 29th 2004, 12:00am by Mark O'Neill

    ... Management, in which the Dutch bank owns 33 per cent, and Fortune SGAM Fund Management, of which Societe Generale Asset Management holds 33 per cent. Business is booming, because Chinese have few ... CBRC considers request to let local lenders into lucrative market, writes Mark O'Neill in Shanghai Years of lobbying by mainland banks could be about to pay off, with strong signs ...

  6. Quality of managers the key to success

    Posted Apr 25th 2010, 12:00am by Kate Watson

    ... months. In January, for example, Singaporean bank OCBC closed a deal to buy Netherlands-based ING Group's private banking unit in Asia for close to US$1.5 billion. It was the biggest deal ... The quality of relationship managers is critical as competition increases in the battle to recruit the best talent, says Enid Yip, chief executive for Asia at Bank Sarasin. 'We ...

  7. Appointment

    Posted Jul 06th 2009, 12:00am by Staff Reporter

    ... various roles, she has focused on China while running several regional research teams. Ms Mak is based in the bank's Hong Kong office. Trevor Cheung Hong Kong and China property coverage head ... officer Kowloon State Bank of India State Bank of India, which has had a presence in Hong Kong for more than 30 years, is opening its second branch in the city at Tsim Sha Tsui, to be headed by Mr ...


    Posted Aug 08th 2004, 12:00am by Staff Reporter

    ... ING Investment Management has launched two guaranteed funds following a similar product launch earlier this year which raised US$195 million. The Global Sector Funds, each with a 100 per ... is at least 25 per cent of the original principal. 'Investors who are used to buying mutual funds can consider the funds as an alternative to other cash funds,' says bank spokesman Chris ...

  9. HSBC on to big money-spinner

    Posted Jun 25th 2004, 12:00am by Louis Beckerling

    ... Kong and mainland equity research at ING Financial Markets. BNP Paribas Peregrine bank analyst Patrick Ho said: 'HSBC, we know, has been actively looking at the possibilities and Bank ... A Bank of Communications stake will prove a long-term plus for the lender's shareholders, writes Louis Beckerling A successful bid by HSBC Holdings for a 20 per cent stake ...

  10. Business - Companies - RESULTS

    Retailer to expand circle on mainland China

    Posted Mar 28th 2013, 12:00am by PAUL SOH

    ... consumer confidence. Convenience Retail Asia maintains a healthy financial position, with HK$743 million of net cash on hand and no bank borrowings. "We are in a strong financial position ...




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