Huarong drama: Inside the race to avert disaster at China’s biggest ‘bad bank’ Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
The China Huarong Asset Management Co. headquarters in Beijing | BLOOMBERG
Bloomberg May 24, 2021
It was past 9 p.m. on Financial Street in Beijing by the time the figure inside Huarong Tower picked up an inkbrush and, with practiced strokes, began to set characters to paper.
Another trying workday was ending for Wang Zhanfeng, corporate chairman, Chinese Communist Party functionary and, less happily, replacement for a man who very recently had been executed.
BusinessWorld
May 25, 2021 | 12:01 am
IT WAS PAST 9 p.m. on Financial Street in Beijing by the time the figure inside Huarong Tower there picked up an inkbrush and, with practiced strokes, began to set characters to paper.
Another trying workday was ending for Wang Zhanfeng, corporate chairman, Chinese Communist Party functionary â and, less happily, replacement for a man who very recently had been executed.
On this April night, Mr. Wang was spotted unwinding as he often does in his office: practicing the art of Chinese calligraphy, a form that expresses the beauty of classical characters and, it is said, the nature of the person who writes them.
Six Philippine companies, led by the Sy family’s SM Investments Corporation and BDO Unibank, made it to Forbes Magazine’s 19th annual Global 2000 list.
The list is an international ranking of the world's biggest, most-powerful and most-valuable companies based on an analysis of four metrics:
BusinessWorld
May 14, 2021 | 8:04 pm
SM Investments Corp. is the highest-ranking Philippine company in the Forbes Global
Courtesy of SM Investments Corp. Facebook page
Six Philippine firms have again made it into the latest Forbes Global 2000 list ranking the world’s top public companies.
SM Investments Corp. (SMIC) now leads Philippine firms at 877th place in Forbes magazine’s global ranking of the biggest and most valuable firms based on sales, profits, assets, and market value.
SMIC’s ranking rose from the 1,092nd spot in 2019 as its market value stood at $24.3 billion, assets at $25.5 billion, and profits at $471.6 million.
Sy-led lender BDO Unibank, Inc. followed at 1,159, dropping from the country’s top spot at 1,018 in 2019.