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
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
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 Yu8 Nov 2012 - 2:22am
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.19 Oct 2012 - 6:08pm
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
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.4 Oct 2012 - 3:10am
Josephine Chan, managing director - SCMP Magazines, SCMP Group28 Jul 2012 - 12:00am
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
Laurence Lo, vice-president - business development Asia-Pacific, Pictet Asset Management22 Oct 2011 - 12:00am
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