Citic Securities, the mainland's largest brokerage, plans to buy back a 10 per cent stake in mutual fund house China Asset Management, in a move to boost its sliding margins.
- Sat
- May 25, 2013
- Updated: 3:13am
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29 Mar 2013
Citic Securities aims to expand into asset management and build its overseas business to boost profitability. The move comes in the face of a sharp slowdown in domestic stock offerings and...
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28 Mar 2013
Daniel Tabbush, who for many years was CLSA's head of regional banking research, has published a why-I-quit-the-rat-race book. Titled Quit & Run - My Wake Up Call on Wall Street, the book...
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31 Jan 2013
Investors were also excited by the onshore market, which rallied for a third day after a mainland official said Taiwanese institutional investors might have an extra 100 billion yuan (HK$123...
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Unaudited net profit at Baoshan Iron & Steel, the country's largest listed steelmaker, rose about 40 per cent last year to 10.3 billion yuan (HK$12.8 billion), helped by the sale of some...
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Hong Kong stocks may open higher after data showed that manufacturing rose further in November month-on-month, adding another proof that the Chinese economy is bottoming out.
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We had always assumed that former Hong Kong chief executive Tung Chee-hwa was pretty well plugged into what was going on in the upper echelons of the leadership in the mainland.
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Mainland brokerages are expected to inject new life into the country's sluggish private-equity sector after the regulator waived rules to help them diversify their revenue sources.
4:03AM
Securities brokers certainly aren't having much fun these days, watching their profits shrivel as China's stock markets hover at 3-year lows.
9:29AM
Shares in Citic Securities dropped yesterday following news that the mainland investment bank will purchase a minority stake in Hong Kong-headquartered brokerage CLSA.
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The lure of high returns on yuan bonds is encouraging foreign investors to place capital with the first offshore yuan-denominated funds now being marketed abroad, according to James Wang, the...
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Mainland packaging and component manufacturer Jin Bao Bao Holdings seeks HK$65 million in a public offering today and a wave of more sizeable listing attempts may materialise in the coming two...
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