Foreign Banks

How did international banks miss Citic Pacific's US$36 billion takeover deal?

A small team of merger and acquisition specialists at Citic Securities, a subsidiary of Citic, in Beijing worked on the reverse takeover of Citic Pacific. Photo: Reuters

Jealous. This is the word many Western bankers in Hong Kong will use when they talk about the mega-sized reverse takeover deal of Citic, one of the most important state-owned industrial giants on the mainland.

Tuesday, 1 April, 2014, 8:45am 5 comments

Shanghai 'revolution' may be uphill battle for Premier Li

Li Keqiang

Premier Li Keqiang has a tough job. From the new war on air pollution to maintaining strong economic growth in a more realistic manner, nothing is easy for the country's No 2 leader after President Xi Jinping.

17 Mar 2014 - 8:59am 3 comments