• Sat
  • Dec 27, 2014
  • Updated: 5:00am

Investment Banking

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

JPMorgan’s top China banker Fang Fang to retire, as colleague Frank Gong gets promotion

JPMorgan's top bankers in China, Frank Gong, left, and Fang Fang, right. Photo: SCMP Pictures

JP Morgan Chase's chief executive for China investment banking is stepping down after more than a decade of making deals at the US bank, people familiar with the situation said.

25 Mar 2014 - 11:50am 2 comments

Tianhe Chemicals IPO follows boss' daughter to UBS

JPMorgan saw the Tianhe Chemicals deal go to UBS, where one of the US bank's former employees had moved. Photo: AFP

Mary had a little lamb, Joyce Wei has an IPO. Wherever the daughter of Tianhe Chemicals chairman Wei Qi goes, follows the potential US$1 billion IPO deal.

First, it was JP Morgan Chase that was supposed to be working on the initial public offering of the Liaoning-based company. Joyce Wei was then working as an investment banking associate there.

22 Jan 2014 - 4:37pm 9 comments

Asian players develop an appetite for risky commodities trading

Wilson Wan, the head of China Merchant Securities (Hong Kong), is establishing a new unit for oil futures trading, focusing on the three mainland oil majors. Photo: Jonathan Wong

While Western financial giants have been exiting the high-risk, high-reward commodities trading business, capital-rich Asian firms, including state-owned banks and brokerages from China, have seized the opportunity to enter the market.

22 Jan 2014 - 12:40am 1 comment

China Merchant Securities eyes top 10 spot in Hong Kong market

Wilson Wan (right) and Sam Lee aim to make a difference and change the game in the city's investment banking sector. Photo: Jonathan Wong

China Merchants Securities plans to add about 100 jobs at its Hong Kong unit this year in a bid to become one of the top 10 investment banks in the city for equity and debt capital market business.

13 Jan 2014 - 9:39am

Tired of bank IPOs? Food firms poised to spice up HKEx’s menu

Investors will soon see food companies listing instead of just banks and technology firms. Photo: Reuters

Investors bored with listings of mainland banks and technology firms in the past few years will soon find a new flavour in the Hong Kong stock market - several food and restaurant operators are queuing up to go public in the world's second-most sought-after listing destination after New York.

9 Jan 2014 - 5:03am

Top UBS banker Zhao Ju takes sabbatical for Harvard politics course

The John F. Kennedy School of Government at Harvard. Photo: Harvard

Zhao Ju, currently China Co-head for UBS, will take a sabbatical of up to 12 months from the end of this year when he will become a visiting fellow in the class of 2014 in the prestigious John F. Kennedy School of Government at the famous university in the United States, according to two sources close to Zhao.

23 Oct 2013 - 3:26am 6 comments

With independence, ex-bank analysts find, comes freedom to make sell calls on investments

'Some people just don't feel comfortable any more working for financial institutions,' says Paul Schulte. Photo: Reuters

After 27 years working for investment banks and hedge funds, Hong Kong-based equity research analyst Paul Schulte decided it was time to fly solo.

8 Oct 2013 - 10:47pm

Why the children of many important people are in Hong Kong

Hong Kong naturally becomes the first choice for many of those parents, in particular following the 1997 handover, making them feel safer to keep their children in the city.

The sons and daughters and even the grandsons and granddaughters of those who are or used to be in very powerful positions in China have recently grabbed public attention again, thanks to some so-called breaking news which isn't really "breaking" at all.

26 Aug 2013 - 6:47am 10 comments

Haitong diversifies as fee war rages on

Lin Yong, Haitong International Securities

Hong Kong's highly competitive stockbroking business has forced one of the mainland's largest brokerages to transform itself into a universal bank in an effort to rely less on fee-based income and to add new and stable profit streams.

26 Aug 2013 - 6:51am

Finding new ways to stay afloat

Illustration: Sarene Chan

Some of the top investment bankers in Hong Kong have chosen to leave a high-flying career in the financial industry and return to more traditional businesses, such as real estate and trade, fuelling doubts about the attractiveness of investment banking jobs in the future.

26 Aug 2013 - 6:58am

Civilisation as we know it isn't too big to fail

An Occupy Wall Street demonstrator marches around the Chase banking offices near Wall Street in New York. Photo: Reuters

What in the world is happening to this fragile planet? Jeremy Grantham, one of the most respected global investors, with US$100 billion under management, warns that "our global economy, reckless in its use of all resources and natural systems, shows many of the indicators of potential failure that brought down so many civilisations before ours".

4 May 2013 - 4:04am

Hong Kong's stock tipsters need watching

Sky Cheung Shi-gaii

Stock tipsters are a dime a dozen in Hong Kong. Sky Cheung Shi-gaii at least has the dubious distinction of being the first to be punished by the Securities and Futures Commission. The broker was found using his investment column in Apple Daily between 2008 and 2010 to recommend stocks in which he took positions using his wife's undisclosed trading account.

12 Apr 2013 - 3:12am

Credit Suisse trains sights on Asia's growing wealth

Urs Rohner, chairman of Credit Suisse. Photo: May Tse

Credit Suisse, the second-largest bank in Switzerland, will focus on developing its wealth management and investment banking businesses in Asia in the next few years to tap the region's rapidly growing prosperity.

8 Apr 2013 - 3:17am

Bankers ride boom in social enterprises

En Lee, director of Impact Investment Exchange Asia. Photo: Jonathan Wong

Putting private capital to public service is booming in Asia, and some investment bankers are quitting their high-profile jobs to support "clean and green" enterprises.

25 Mar 2013 - 3:37am