ING Group

Lean bonus for London's bankers

Some may follow the road to Asia, says a recruiter. Photo: Bloomberg

Bankers in London, the hub for securities firms in Europe, are bracing for lower bonuses compared with their New York counterparts as earnings from the region plummet and pressure to tighten payouts mounts.

Wednesday, 28 November, 2012, 2:34am

Interest in China's once lucrative mutual fund sector wanes

ING was one of the first into the market but has now sold its 33 per cent holding in China Merchants Fund Management. Photo: Reuters

The exit of ING Group from one of the mainland's earliest securities investment joint venture marks overseas players' waning interest in the once-vaunted mutual fund market.

12 Nov 2012 - 4:27am

Business Digest, November 8, 2012

Ericsson to cut nearly 9pc of Swedish staff

BYD stock jumps over 10pc on policy hopes

Shares in BYD, the Warren Buffett-backed car maker, surged more than 10 per cent yesterday, extending a six-day rise to nearly 30 per cent, on speculation the firm would benefit from the new measures supporting clean-energy vehicles in China. BYD shares finished up 10.63 per cent at HK$19.36. Jeanny Yu  

8 Nov 2012 - 2:22am

ING Group sells Hong Kong, Macau, Thai insurance units to Richard Li

Pacific Century Group boss Richard Li said the US$2.14 billion purchase of ING’s Hong Kong, Macau and Thailand insurance businesses was in line with the group’s long-term strategy. Photo: AFP

ING Group said it has agreed to sell its Hong Kong, Macau and Thailand insurance businesses to Richard Li Tzar-kai’s Pacific Century Group (PCG) for HK$16.59 billion.

5 May 2015 - 12:02pm

Richard Li close to a deal on ING's insurance units

ING's Malaysian unit, above, has been sold while Richard Li will likely pick up two others.

ING Group, under European Union orders to divest assets, is near an agreement to sell its Hong Kong and Thailand insurance businesses to Richard Li Tzar-kai, three people familiar with the matter said.

19 Oct 2012 - 3:33am

Asset deals spark rush for AIA shares in heavy trade

AIA has seen escalating growth for the past eight quarters.

AIA Group's shares hit a new high yesterday after news that the third-largest Asian-based insurer was buying ING Group's Malaysian and Thai businesses.

AIA rose 3.6 per cent to a record HK$29.95, before easing to close with a gain of 2.25 per cent at HK$29.55.

It was also the second most-traded stock, with 46 million shares worth HK$1.35 billion changing hands.

7 May 2015 - 3:28pm

career tracker

Josephine Chan, managing director - SCMP Magazines, SCMP Group

28 Jul 2012 - 12:00am

Quick sale tipped for ING's stake in fund house

ING Group, which is looking to sell its Asian asset management and insurance businesses, has drawn keen interest from a clutch of bidders for its one-third stake in a mainland joint-venture fund house, industry sources say.

18 Jun 2012 - 12:00am

career tracker

Laurence Lo, vice-president - business development Asia-Pacific, Pictet Asset Management

22 Oct 2011 - 12:00am

Regulators clamp down on offerings by banks

More than a dozen commercial city banks on the mainland that had been looking to raise capital in the stock market will have to shelve their initial public offering plans as Beijing, fearing an influx of bad loans, prepares to tighten review procedures.

13 Aug 2011 - 12:00am

From strength to strength

Dutch lender ING's Asia operation expects robust economic growth and increasing cross-border investments in its region, and hopes to maintain its strong annual revenue growth in the medium term.

8 Aug 2011 - 12:00am

ING may be first Dutch company with HK flotation

ING Group's plan to list its insurance arms in two initial public offerings has led brokers to speculate it may well follow its peer AIA and choose Hong Kong, becoming the first Dutch firm to launch an IPO here.

2 May 2011 - 12:00am

ING sets sights on third-tier market

A possible slowdown or even a downturn in the mainland property market will not deter ING Real Estate Investment Management from continuing to invest on the mainland because it believes genuine demand from end-users will support the market's long-term growth, the company said.

23 Jan 2008 - 12:00am

ING, Legend tie up for homes projects

Changsha focus marks march into booming second-tier cities

ING Real Estate has teamed up with Raycom, the property investment arm of Legend Holdings, the parent of computer maker Lenovo Group, to develop residential projects in Changsha, marking its first step into China's second-tier cities.

8 Jun 2006 - 12:00am

Comments quell banking worries

The new head of the China Banking Regulatory Commission, Liu Mingkang, says the commission will probably operate only as a regulator of banks and not as the manager of banking assets, as has been suggested in the industry.

11 Mar 2003 - 12:00am