HONG KONG/BEIJING China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people with direct knowledge of the matter said.
HONG KONG French asset manager Natixis Investment Managers plans to set up a presence in China, preferably through an acquisition, as part of its strategy to double its Asia Pacific assets by 2020, a top executive said.
HONG KONG Chinese financial firm JD Group has put its Hong Kong insurance business, FTLife Insurance Co Ltd, up for sale and a deal could fetch between $2 billion and $2.5 billion, three people with knowledge of the matter said.
HONG KONG Chinese financial firm JD Group has put its Hong Kong insurance business, FTLife Insurance Co Ltd, up for sale and a deal could fetch between $2 billion (1.54 billion pounds) and $2.5 billion, three people with knowledge of the matter said.
* CEO says confident about rest of 2018 despite macro
(Adds CEO comments, earnings details, context)
(This November 4th story corrects job title in paragraph 15)
HONG KONG/LONDON Standard Chartered's core emerging markets face increasing risks from the escalating Sino-U.S. trade war, the bank warned on Wednesday after reporting better than expected quarterly profit. | Video
Hongkong/London Die britische Großbank Standard Chartered hat wegen sinkender Belastungen durch faule Kredite im dritten Quartal deutlich mehr verdient.
* Wealth management income down nearly 5 pct
(Adds CFO comments, London share price)
HONG KONG/LONDON HSBC Holdings Plc posted a higher-than-expected 28 percent rise in quarterly profit on Monday, showing progress in its battle to control costs and shaking off fears that rising global political tensions could hurt its business. | Video