Top investment banks have been forced to choose between two important clients - bitter rivals Alibaba and JD.com the mainland's largest e-commerce firms.
Both companies are planning to list in New York.Friday, 21 March, 2014, 12:27am 2 comments
An investment banker at JP Morgan jumped to his death from the roof of the bank's headquarters in Central yesterday, despite attempts to talk him down, witnesses said.19 Feb 2014 - 9:32am
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
Creating guanxi – relationships or connections – used to be a reliable way for multinational firms to break into the China market. But foreign companies are increasingly having to re-examine the way they do business in the world’s second-largest economy.2 Dec 2013 - 10:31am 2 comments
Banks have no plans to change their policy of hiring so-called princelings or other well-connected people to help grow their business on the mainland or in other emerging markets - despite the shockwaves caused by news that United States regulators are investigating JP Morgan's hirings of the children of the elite in China.16 Sep 2013 - 7:12am
It's a season of change in Hong Kong. Change what? Quietly changing jobs for some important people. The US government announced last month that it would investigate JP Morgan's Hong Kong hiring practices relating to job offers for children of some important people on the mainland, and as a result, several such "important kids" working for other foreign banks are now seriously considering new jobs.16 Sep 2013 - 7:20am 4 comments
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 11 comments
JP Morgan Chase was caught in the spotlight yesterday after media reports suggested the bank hired sons and daughters of senior Chinese officials in the hope of winning deals from major state-owned enterprises.
The revelation of JP Morgan's hiring of the son of China Everbright Group's chairman and a former railway official's daughter comes at a sensitive time for Sino-US relations.19 Aug 2013 - 3:51pm 19 comments
EU watchdogs have charged 13 top investment banks with blocking exchanges’ access to the lucrative credit derivatives market, hitting the sector with the latest in a growing list of regulatory headaches.2 Jul 2013 - 1:01pm
Opposition to the third runway essentially centres on concerns about increased emissions and air quality and the effect that construction will have on the habitat of the pink dolphin.1 May 2013 - 3:46am 7 comments