FinanceAsia
WEBHKMC issues second ILBS issuance for $423m as investor demand grows. The Asian Infrastructure Investment Bank is an anchor investor in SPV Bauhinia 2, which contains a $107m sustainability tranche; meanwhile, the Hong Kong Mortgage Corporation will have a new CEO in December. September 13, 2024.
A more structured way to finance corporate supply chains
WEBJun 13, 2023 · A new approach to supply chains in Asia. The results of HSBC’s 3rd annual report, entitled “ Global Supply Chains - Networks of Tomorrow ”, highlights that corporates in Asia will base more than half (53%) of their supply network in the region, up by nearly 6 percentage points from 2020. Released in March 2023 and based on the views of 870 corporates across Asia, the Middle East, Europe ...
Huaneng buys Tuas Power for $3 billion - FinanceAsia
WEBMar 17, 2008 · China Huaneng Group, a power producer in China, has emerged the winner in an auction of Temasek-owned Tuas Power with a bid of S$4.235 billion ($3.01 billion). Tuas Power has been sold at a firm value of S$4.3 billion, including S$70 million of net debt on its books. This is the largest acquisition of a Singapore company since 2001, the …
HSBC reorganises global banking and markets - FinanceAsia
WEBJul 3, 2013 · HSBC says that the restructuring of global banking and markets is not a cost-cutting exercise, despite its struggle to reduce costs. The bank raised its cost-efficiency target in May to 55%, up from 53%, and said that it may need to cut a further 14,000 jobs to achieve an extra $3 billion in savings. A spokesman at the bank says that the ...
Black Sesame becomes second HKEX Chapter 18C listing
WEBAug 13, 2024 · The Chapter 18C rules stemmed from the city’s efforts to attract the listing of more technology companies in Hong Kong, with biotech firm QuantumPharm being the first in June 2024. Black Sesame raised around HK$1.04 billion ($133.5 million) after the sale of 37 million shares, giving it a market capitalisation of approximately $2 billion.
Citi hires Morgan Stanley veteran Will McLane - FinanceAsia
WEBJul 23, 2012 · Citi has scored a coup by hiring Morgan Stanley Asia veteran Willard McLane to run the bank’s Asean and financial institutions group (FIG) business in Asia-Pacific. He will be based in Singapore and starts in October. McLane joins Citi after more than 15 years with Morgan Stanley — for the past 14 he was based in Asia-Pacific, where he was most recently a managing director and regional ...
Credit Suisse announces leadership shake-up | FinanceAsia
WEBMay 3, 2022 · Switzerland-headquartered Credit Suisse last week made a number of announcements relating to its Annual General Meeting AGM, first quarter 2022 earnings, and changes across its executive leadership. CEO of the Asia Pacific region, Helman Sitohang pictured right announced plans to retire from his current post and the bank’s Executive Board ...
Hong Kong IPO outlook 2023: back from the brink - FinanceAsia
WEBJan 10, 2023 · The data forecasts HK$105.6 billion to be raised for the full year – a 68% drop from 2021 - with 80 new IPOs. As rate hikes are digested and China gradually opens up, PwC expects 100 IPOs in Hong Kong in 2023, raising between HK$180 billion and HK$200 billion. KPMG shares a similar outlook.
AirCarbon Exchange moves to standardise carbon trading
WEBJul 5, 2022 · Singapore-based carbon trading platform, ACX, is looking to address one of the key inefficiencies in voluntary carbon markets opaque pricing. In January, it launched a new Global Emission Reduction GER contract, in partnership with environmental contract developer, Net Zero Markets, and the German-based European Energy Exchange EEX.. The exchange has seen steady trading activity since its ...
ANZ's Gilles Plante becomes CEO Asia-Pacific | FinanceAsia
WEBOctober 30, 2012. ANZ is merging its Asia and Pacific businesses under the remit of current Asia chief executive Gilles Plante, who will become Asia-Pacific CEO. Plante, who was recently given overall accountability for ANZ’s retail franchise in Asia and the Pacific, will remain based in Hong Kong, reporting to Alex Thursby, CEO international ...
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