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Tuesday, 7 October 2025
Tuesday, 7 October 2025

FINANCE Wednesday, 18 November 2015 15:14

Baidu To Partner With China CITIC Bank To Set Up Internet Banking Business

China CITIC Bank Corp Ltd confirmed Tuesday that it will collaborate with China's biggest online search engine, Baidu Inc, to build a direct banking business. China CITIC Bank said it will hold a press conference in Beijing today to officially cement the...

 FINANCE Tuesday, 17 November 2015 16:47

New COO For NAB Asset Management

NAB Asset Management has appointed a new chief operating officer who will be responsible for strategic and operational initiatives. Former State Street Global Advisors executive Bernard Reilly will join NAB Asset Management as the firm’s chief operating officer. NAB...

 FINANCE Tuesday, 17 November 2015 16:45

Hong Kong SFC Issues A 15 Year Ban To Former Licensed Rep

Hong Kong’s Securities and Futures Commission (SFC) has banned Mr Gong Yueyue, a former licensed representative, from re-entering the industry for 15 years following his conviction by the Eastern Magistrates’ Court on 25 February 2015 for an offence of bribery. The Court...

 FINANCE Tuesday, 17 November 2015 16:45

Abe’s Economy Slips Back Into Recession – More Arrows To Come

The Japanese economy slipped back into recession in the July-September period despite Prime Minister Shinzo Abe's efforts to boost private consumption and capital spending. For the second straight quarter of contraction in inflation-adjusted gross domestic...

 FINANCE Tuesday, 17 November 2015 16:43

Sotheby’s Hong Kong To Present Fine Timepieces Sale

Sotheby’s Hong Kong will present the Fine Timepieces sale on 29 November 2015 at Sotheby’s Hong Kong Gallery. The sale will highlight a fascinating diamond-set Poetic Complication by Van Cleef & Arpels, Pont des Amoureux. Featuring a brilliant array of watches and...

 FINANCE Tuesday, 17 November 2015 16:30

Credit Suisse Names the Man in Charge of Rich Asian Businessmen

Credit Suisse has big plans for banking with wealthy businessmen in Asia. With an important appointment in the boom market it underlined its intentions once again.

FINANCE Monday, 16 November 2015 15:18

J.P. Morgan Asset Management Appoints Chief Marketing Officer For Asia Pacific

J.P. Morgan Asset Management has announced that Gloria Chung has joined the firm as Chief Marketing Officer of Asia Pacific Global Investment Management (GIM) and Head of Market Planning for the Asia-Pacific Funds business, reporting to Richard Chambers, Chief...

 FINANCE Monday, 16 November 2015 15:17

FINTECH:Nomura Establishes Financial Innovation Office

A few days after the Asian Wealth Times reported that Japanese electronic commerce and Internet company Rakuten was establishing a US$100 million global Fintech fund, Japan’s Nomura Holdings have announced plans to establish a Financial Innovation Office,...

 FINANCE Monday, 16 November 2015 15:14

Chinese Insurance Giant Splashes Out HK$5.85 Billion To Acquire Hong Kong Office

China Life Insurance (Overseas) Company Limited acquires En-bloc seaview Grade-A Office and Retail Villa at One HarbourGate from Wheelock and Company Limited Hong Kong – Wheelock and Company Limited (WAC) and China Life Insurance (Overseas) Company Limited (CLIO)...

 FINANCE Monday, 16 November 2015 15:11

Chinese Currency Edges Closer To IMF's Currency Basket

Speaking late last week Christine Lagarde, Managing Director of the International Monetary Fund raised Chinese hopes on the Yuan achieving Special Drawing Rights status. Lagarde will make a further statement at the end of November after she has chaired an SDR...

 FINANCE Monday, 16 November 2015 15:09

Nippon Capital Asset Management J-LLC To Open New Office

Osaka-based asset manager, Nippon Capital Asset Management J-LLC, has signaled its readiness to the launch the first of its international operations. The firm, which recently announced an ambitious recruitment drive that would effectively double headcount, will...

 FINANCE Monday, 16 November 2015 15:08

SunGard Wins Major Hong Kong Client

Haitong International Securities Group Ltd has chosen SunGard’s Global One solution to manage its new stock lending and borrowing business in Hong Kong. Global One will provide front office trade input and management for its principal lending business with...

 FINANCE Saturday, 14 November 2015 17:22

A Rare Investment Opportunity For A Great Cause From – J.K. Rowling

In the week that Stanley Gibbons launched their rare books index, a unique literary work will be auctioned early next month that is sure to attract substantial bids. A deluxe illustrated edition of J.K. Rowling's “Harry Potter and The Philosopher’s Stone”...

 FINANCE Saturday, 14 November 2015 17:21

Hong Kong Residential Prices To Face Downward Pressure With Abundant Supply

Global real estate and services company Knight Frank in their latest Hong Kong Monthly Report, have commented that leasing interest from Mainland Chinese firms in the SAR continued unabated, Grade-A office leasing in Hong Kong remained active. Also with the...

 FINANCE Saturday, 14 November 2015 17:20

Phillips Announce Highlights Of First Hong Kong Auction In December

Phillips in Association with Bacs & Russo will hold its first auction in Hong Kong on 1 December 2015 at the Four Seasons Hotel. The sale will showcase more than 350 exceptional vintage and modern timepieces by some of the world’s most renowned watchmakers,...

 FINANCE Saturday, 14 November 2015 17:19

China’s Fosun Unit Buys Japanese Ski Resort

On the back of growing numbers of Chinese tourists flocking to Japan Shanghai Yuyuan Tourist Mart Co., a Chinese commercial facility management company, has agreed to buy a Japanese ski resort operated by Hoshino Resorts Inc. for ¥18.3 billion. Through the move,...

 FINANCE Friday, 13 November 2015 22:15

Axel Weber Sees No Future for Bitcoin

Axel Weber is a proponent of blockchain, pushing for a further development of the technology. For bitcoin, the crypto currency based on blockchain however, the chairman of UBS sees no future.

FINANCE Friday, 13 November 2015 21:04

FINTECH: Rakuten Launches US$100 Million Global FinTech Fund

Japan’s Rakuten, Inc has announced the official launch of the Rakuten FinTech Fund, a new US$100 million global investment fund focused on investments in disruptive early to mid-stage fintech startups that offer attractive return potential with strategic...

 FINANCE Friday, 13 November 2015 15:00

Lombard Odier Enhances Thai Business Partnership

According to reports out of Thailand Kasikornbank has spun off its private banking business from retail banking as a new business division to increase its flexibility to run wealth management and to cash in on the opportunities in this segment. Kasikornbank...

 FINANCE Friday, 13 November 2015 14:59

Gold Demand Climbed In Q3 As Consumers Across The Globe Capitalised On Buying Opportunity

Total gold demand in Q3 2015 stood at 1,121 tonnes (t), an increase of 8% compared to the same period last year. According to the World Gold Council’s Gold Demand Trends report. Q3 2015 consisted of two distinct halves. In the first part, a number of factors,...

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