News
AgBank IPO draws China funds and HK banks
AgBank IPO draws China funds and HK banks
Lender intends to raise record setting $23bln before listing in mid-July.
New Zealand endorses NAB’s bid for AXA APH
NAB’s takeover of $284mln AXA APH assets still needs nod from NZ's Commerce Commission.
Bank of China mulls $8.8bln rights issue
Lender seeks 1.1-to-10 rights issue as analysts fear fund raising could put pressure on weak market.
HSBC boosts India presence by buying RBS businesses
The $1.8bln India expansion is part of the lender’s strategy to set up businesses in emerging markets.
DBS forges new saving scheme for parents
DBS launches EduSmart to address concerns and uncertainties that parents face today on deciding how much they need to provide for their children’s future.
Fitch says DBS and OCBC are stable
Fitch's affirmation of DBS and OCBC's stability status reflects the banks' strong credit profiles.
AgBank mulls price range adjustment for Shanghai IPO
A narrower price range or $0.37-$0.39 per share for the Shanghai offering is likely amidst weaker demand among investors in the mainland.
Philippines' Central Bank intervenes in PBCom sale
BSP persuades the Chung, Nubla and Luy families to divest stakes from lender.
Taiwanese banks to expand in China
Land Bank, Taiwan Cooperative, Chang Hwa Commercial and Taiwan Business to set up branches in China.
Chinatrust quits Nan Shan unit acquisition
The $660mln takeover failed to materialise as lender let the acquisition agreement to expire.
KB’s new chair seeks 30% company value boost
Euh Yoon Dae vowed to quit post if he could not improve group’s stock value.
Hyundai ends KEB services on bitter note
Group attributes KEB misappraisal and small credit line for its decision.
Maybank to convert Indonesian unit into syariah bank
BMI keen to exploit growing potential of Islamic banking following its $93.44mln capital reduction.
China Construction secures shareholders’ nod
Lender targets $11bln from 630mln shares in Shanghai and 15.7bln shares in Hong Kong.
World Bank to grant $1bln loan to India
India seeks amount to recapitalise its PSUs after receiving $2bln last year.
HSBC inaugurates flagship centre to support SMEs
Lender posted 42% increase in lending to SMEs and 22% growth in deposits.
Archer Daniels Midland to invest in AgBank IPO
The US food giant will invest $200mln alongside Qatar and Kuwait sovereign investment funds and Standard Chartered.
Commentary
The stablecoin conversation is missing the everyday user
Stablecoin payments are going mainstream. Hong Kong and APAC are showing how
Why digital assets are set to become mainstream in APAC
Bitcoin’s latest hacks expose where trust really sits in Asia