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Foreign investors line up for China financial services play

Foreign investors line up for China financial services play By JIANG XUEQING | China Daily | Updated: 2021-05-06 09:03 Share DBS stake in Shenzhen rural bank signals rising confidence in new round of opening-up Foreign financial institutions, or FFIs, are planning to increase investment in China s commercial banks or exploring new business opportunities in the country, as China has strengthened efforts to further open up its financial sector, industry experts said. Singapore s DBS Group announced recently its subsidiary DBS Bank has received Singaporean and Chinese regulatory approvals to acquire a 13 percent stake in Shenzhen Rural Commercial Bank with 5.29 billion yuan ($815 million). DBS Bank, a multinational banking and financial services corporation, will use funds owned by the bank to buy 1.35 billion new shares of Shenzhen Rural Commercial Bank, abbreviated as SZRCB, at a price of 3.91 yuan per share.

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Hong Kong stocks inch up as financial, energy shares firm ahead of China s reopening

China Enterprises index HSCE gains 0.17% HSI financial sub-index climbs 0.7%; property sector rises 0.8% HONG KONG, May 5 (Reuters) - Hong Kong shares inched up on Wednesday as the energy sector rose on higher oil prices due to a steep drop in U.S. crude stocks, while bargain hunting boosted financial firms ahead of the reopening of China markets. By the midday break, the Hang Seng Index was up 2.66 points, or 0.01%, at 28,559.80, on course to gain for a second session. The Hang Seng China Enterprises index rose 0.17% to 10,784.15. The sub-index of the Hang Seng tracking energy shares rose 1.6%, while the IT sector dipped 1.32%, the financial sector climbed 0.73% and the property sector gained 0.81%.

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JPMorgan Asset Management to invest in China bank s wealth management unit

JPMorgan Asset Management to invest in China bank s wealth management unit
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

Chizu nomiyamaMeg shenChina merchants bank co ltdJpmorgan asset management asia pacificChina merchants bankMerchants bank co ltdAsset managementAsia pacificMerchants bankமெக் ஷென்சீனா வணிகர்கள் வங்கி இணை லிமிடெட்ஜுப்ம்ொர்கண் சொத்து மேலாண்மை ஆசியா பெஸிஃபிக்சீனா வணிகர்கள் வங்கிவணிகர்கள் வங்கி இணை லிமிடெட்சொத்து மேலாண்மைஆசியா பெஸிஃபிக்

JPMorgan Asset Management to invest in China bank s wealth management unit

JPMorgan Asset Management to invest in China bank s wealth management unit
metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.

Chizu nomiyamaMeg shenChina merchants bank co ltdJpmorgan asset management asia pacificChina merchants bankAsset managementAsia pacificMerchants bankமெக் ஷென்சீனா வணிகர்கள் வங்கி இணை லிமிடெட்ஜுப்ம்ொர்கண் சொத்து மேலாண்மை ஆசியா பெஸிஃபிக்சீனா வணிகர்கள் வங்கிசொத்து மேலாண்மைஆசியா பெஸிஃபிக்வணிகர்கள் வங்கி

China Customer Relations Centers Inc (NASDAQ:CCRC), CHINA MERCHANTS BANK (CIHHF) - China Customer Relations Centers Goes Private At $6 50/Share

China Customer Relations Centers Inc (NASDAQ:CCRC), CHINA MERCHANTS BANK (CIHHF) - China Customer Relations Centers Goes Private At $6 50/Share
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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