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  • August 28, 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. ING continues to expand in the mainland

    Posted Oct 27th 2003, 12:00am by Enoch Yiu

    ... Enoch Yiu The world's largest life insurance group will open offices in three more mainland cities shortly as part of its expansion plan in China. ING Group Asia-Pacific executive committee chairman Alexander Rinnooy Kan said the company wanted branches in Beijing, Nanjing and Suzhou as soon as possible, pending regulatory approval. The Dutch-based company is the only foreign ...

  3. Money-market funds approved

    Posted Dec 12th 2003, 12:00am by Staff Reporter

    ... Bei Hu Dutch firm ING Group's mainland fund joint venture and two home-based fund managers have won regulatory approval to launch China's first money-market funds. ... securities and banking regulators, analysts said. 'This is an important step forward in the development of the investment industry in China,' ING Investment Management Asia-Pacific chief ...

  4. 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 ...

  5. Hutchison wants to repay $21b in 3G loans to cut costs

    Posted Mar 10th 2004, 12:00am by Ben Kwok

    ... on interest costs. The conglomerate confirmed yesterday it had written to banks recently to ask about settling outstanding loans for its 80 per cent-owned 3UK. The loans are not due until March next ... that 3UK's other partner, NTT DoCoMo, is looking for an exit. In November last year, Hutchison bought out the 15 per cent stake held by Dutch telecommunications group KPN for GBP90 million- or just ...

  6. CSFB-ICBC venture eyes mainland savings

    Posted Mar 15th 2005, 12:00am by Staff Reporter

    ... Merchants Fund Management, sources said last week. The fund house is 30 per cent owned by Dutch financial giant ING Group. ... Bei Hu and Anette Jonsson Credit Suisse First Boston is teaming up with China's largest commercial bank to set up a fund management company to tap the country's 13.62 trillion ...

  7. ICBC in the race to buy stake in AXA insurance unit

    Posted Jul 15th 2010, 12:00am by Staff Reporter

    ... announced it would buy half of Pacific-Antai Life Insurance from ING, while Bank of Communications got approval to acquire a 51 per cent stake in a joint venture insurer with Commonwealth Bank of Australia. In May, Bank of Beijing received approval for a 50 per cent stake in ING-BOB Life Insurance after acquiring the shares from Beijing Capital Group, which was in the joint venture with ING ...

  8. Fortis targets mainland private banking sector

    Posted Jun 02nd 2008, 12:00am by Staff Reporter

    ... Maria Chan Fortis Group, the Belgian-Dutch financial conglomerate, plans to apply to incorporate its business on the mainland to tap the fast-growing wealth management market. Lex Kloosterman, a member of the Fortis executive committee, said last week in Hong Kong that the move was part of the group's strategy to expand its private banking business in Asia. 'Clearly, ...

  9. In Brief

    Posted Jul 18th 2003, 12:00am by Staff Reporter

    ... Equity funds sales were up 6.8 times from April at $505.03 million. ING Life premiums boost Dutch insurer ING Life received $207 million in new premiums in the first six months of the year, up ...

  10. Credit squeeze opens door for foreign funds

    Posted Aug 25th 2004, 12:00am by Staff Reporter

    ... a site and wait for an easy bank loan, without having to worry about taking investors on board to split the costs. Robert Lie, general manager Asia of ING Real Estate Investment Management, said ... credit tightening policy, mainland banks were pushing to call back non-performing loans as more prepared to go public. Investors: ING Real Estate Investment Recent investments in China: 91,000 ...




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