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Results 1 - 10 of 489 for sovereign wealth fund

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  1. Agricultural Bank cleared to restructure

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

    ... sovereign wealth fund, might inject US$19 billion in cash for a 50 per cent stake in the lender. At the end of last year, Agricultural Bank had 5.28 trillion yuan in deposits and 3.48 trillion yuan ... cycle of the economy,' the analyst said. State backing The mainland's sovereign wealth fund will reportedly take a stake of: 50% ...

  2. In Brief

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

    ... with Kazakhstan's sovereign wealth fund, Samruk-Kazyna. Naomi Rovnick Turkish Cargo to start twice weekly service to Istanbul Turkish Cargo, the cargo arm of Turkish Airlines, will start a twice weekly ... in new fund to invest in Kazakhstan Several tycoons, including former Citic Pacific chief Larry Yung Chi-kin, have formed a US$400 million fund to invest in Kazakhstan. Yung teamed up with Li ...

  3. CIC spending US$1.2b to increase stake in Morgan Stanley

    Posted Jun 03rd 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu and Maria Chan In a move likely to stir controversy, China Investment Corp, the mainland's sovereign wealth fund, will spend US$1.22 billion to increase its stake in Morgan ... was CIC's second major investment after the sovereign fund was set up in late 2007. It invested US$5.6 billion in the investment bank, a move that drew intense criticism for its timing and purpose, ...

  4. Capital injection likely to boost credit rating of Agricultural Bank

    Posted Oct 25th 2008, 12:00am by Staff Reporter

    ... Richard Lung, a Moody's vice-president and senior analyst. 'In particular, the transfer of most of the bank's non-performing loans to a new fund will reduce the need for it to continue relying on external support.' The overhaul will entail a capital injection of US$19 billion from Central Huijin Investment, an arm of the nation's US$200 billion sovereign wealth ...

  5. Everbright IPO will fly if price is right

    Posted Jul 24th 2010, 12:00am by Staff Reporter

    ... the Agricultural Bank of China's offering. The Beijing-based lender, controlled by Central Huijin, the investment arm of the nation's sovereign wealth fund, will be the last major state-owned ... with Southwest Securities, said Everbright Bank's advantages included its more than 400 outlets across the mainland, relatively sound corporate governance in joint-stock banks and strength in wealth ...

  6. SFC puts conditions on Rusal IPO

    Posted Dec 19th 2009, 12:00am by Howard Winn

    ... Russia's richest man with a fortune of US$28 billion, has seen his wealth decline to about US$3 billion. The company had hoped to attract Asian investors to act as cornerstone investors and approached Aluminum Corp of China as well as sovereign wealth funds such as China Investment Corp and Singapore's Temasek Holdings. However, the only investors to show any interest have been ...

  7. National pension fund to invest 30b yuan in CDB before float

    Posted Oct 16th 2008, 12:00am by Staff Reporter

    ... an investment arm of the country's US$200 billion sovereign fund, each own 50 per cent of CDB. Pension fund chairman Dai Xianglong last month said the fund was seeking to invest in the bank, equity ... Jane Cai The mainland's national pension fund intends to invest between 20 billion yuan (HK$22.71 billion) and 30 billion yuan in China Development Bank (CDB), the media reported ...

  8. Agricultural Bank to receive US$19b

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

    ... US$200 billion sovereign wealth fund, will take a 50 per cent stake in the bank by pumping in US$19 billion. The Ministry of Finance will hold the remaining stake. The bank, the country's ... vice-president Pan Gongsheng. The bank was expected to take five years to dispose of its massive impaired assets, which would be put into a fund jointly managed by the finance ministry, Mr Pan said. ...

  9. First yuan funds likely this year, official says

    Posted Jul 09th 2010, 12:00am by Enoch Yiu

    ... told brokers and fund managers at a Hong Kong Securities Institute function yesterday. Fund companies and brokers are considering launching mainland currency products after Hong Kong Monetary ... investors to transfer yuan funds to brokers and fund houses, a move that will enable companies to make initial public offerings in yuan, while fund houses can sell yuan funds and brokers can trade ...

  10. Agricultural Bank targets HK$100b from dual listing

    Posted Feb 23rd 2009, 12:00am by Naomi Rovnick

    ... increased the bank's registered capital to 260 billion yuan and left the Ministry of Finance and Central Huijin Investment, an arm of the country's sovereign wealth fund, each holding 50 ...




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