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  1. HSBC to strengthen grip on Ping An

    Posted Jun 08th 2004, 12:00am by Christine Chan

    ... Christine Chan and Nichole Chan The bank will become the largest shareholder in the mainland insurer HSBC Holdings is expected to be the single largest investor in China's Ping ... at tapping up to HK$16.48 billion through the listing. The listing document notes that HSBC is 'assumed' to be ready to buy shares worth HK$1.49 billion, leaving it with a 9.9 per cent ...

  2. HSBC buys into Fujian lender

    Posted Dec 30th 2003, 12:00am by Jane Moir

    ... Jane Moir A 50pc share in a small bank widens the global giant's reach in a sector that is opening up to foreign competition HSBC is to pay up to US$20 million for a 50 per cent stake ... into the lender, taking its paid-up capital to US$50 million and diluting HSBC's stake to 27 per cent. Fujian Asia Bank was set up in 1993 as a 50-50 joint venture between Central Asia Capital, a Hong ...

  3. HSBC eyes greater stake as Ping An gets set for HK sale

    Posted Nov 06th 2003, 12:00am by Staff Reporter

    ... sale in Hong Kong early next year. Ping An made headlines in October last year when HSBC bought a 10 per cent stake in the insurance giant for US$600 million- a move designed to increase ... the bank's Hong Kong unit will be able to take up to 24.9 per cent of a Chinese insurer. The prospect of HSBC taking a higher stake in Ping An looks increasingly likely. The bank revealed last month ...

  4. Bocom names HSBC's Yip as vice-president

    Posted Apr 23rd 2005, 12:00am by Louis Beckerling

    ... Louis Beckerling and Bei Hu HSBC Holdings' China chief executive, Dicky Yip, has been appointed vice-president of the Bank of Communications (Bocom), the mainland lender in which it acquired a 19.9 per cent stake for US$1.74 billion in August last year. The appointment completes senior staffing agreements reached under the terms of the acquisition which entitled HSBC to put ...

  5. HSBC sells leftover Hang Lung stake

    Posted Sep 17th 2004, 12:00am by Staff Reporter

    ... Nichole Chan and Ernest Kong HSBC has completed one of the more drawn-out share placement mandates in Hong Kong's financial market history, selling $2.1 billion worth of shares in Hang Lung Properties 'left over' from a deal that went wrong eight years ago. Bullish institutional investors snapped up the stock, which HSBC is understood to have acquired when ...

  6. HSBC weighs as mid-cap results fail to halt sell-off

    Posted Mar 02nd 2005, 12:00am by Staff Reporter

    ... Anette Jonsson Focus returns to rising interest rates as speculators offload banking major after results announcement A sharp drop in HSBC following its full-year earnings release ... that the market was running out of steam, brokers said. Taking its cue from a 2.8 per cent drop in its London share price on Monday, HSBC fell $4 to an intraday low of $129.50, but recovered to finish ...

  7. HSBC sticks to its 'long game'

    Posted Sep 23rd 2004, 12:00am by Louis Beckerling

    ... The head of the bank's investment unit tells Louis Beckerling the group will build on organic growth HSBC, which is 'building' rather than 'buying' an expanded ... revenue growth for CIBM. In its most recent high-profile hire, HSBC poached Morgan Stanley's head of Asian equity capital markets, Daniel Palmer, to become managing director and global head ...

  8. HSBC fall shunts index in downward direction

    Posted Nov 19th 2004, 12:00am by Staff Reporter

    ... of HSBC, but overall sentiment remained firm and money rotated into other parts of the market such as second-tier property plays, H shares and Macau-concept stocks. The H-share index gained 21.2 ... that HSBC alone fell 35 index points, indicating that the rest of the market was holding up fairly well. Of the 33 index members, 11 ended lower while nine were unchanged and 13 finished higher. ...

  9. Mainland widens door for foreign insurers

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

    ... with immediate effect last week, also allows Sino-foreign insurance joint ventures to conduct unlimited non-life business with the exception of motor insurance. HSBC Insurance (Asia Pacific) chief ... 'To allow the foreign insurance companies to sell policies to the mainland companies would be a milestone rule change in China,' he said. HSBC holds 10 per cent of the mainland's ...

  10. New Products

    Posted Jan 04th 2004, 12:00am by Staff Reporter

    ... HSBC has launched the Guaranteed Prosperity Fund offering a 108.8 per cent capital guarantee with potential upside from an equity-linked portion invested in some of the world's best ... to capture the growth of each company,' according to an HSBC statement. The fund's growth is calculated on the average performance of the top three performing stocks in each of four ...




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