Issue: March 08, 2013   (Archive)
Sunday, November 23, 2014   

Spoilt for choice as RQFII rules relaxed
Mainland regulators have expanded a program that allows local financial institutions to use offshore- raised yuan for onshore investments.



Jekyll and Hyde recovery fears
The Federal Reserve's Beige Book reported an expanding US economy with improving mortgage applications and payroll figures.

DP World local assets fetch US$742m
Dubai port operator DP World is selling stakes in two container terminals and a logistics center in Hong Kong for US$742 million (HK$5.78 billion) as it continues disposing of non-core assets.

Ho Man Tin site tipped at over $10b -
The long-awaited tender for a plot in Ho Man Tin designated for luxury residences closes today.

CKI soars as British units drive record earnings
Shares of Cheung Kong Infrastructure Holdings (1038) soared after it said earnings and dividends for last year hit a record high.

Castle Peak auction after talks stall
ExxonMobil Corp has launched an auction to sell up to HK$15.6 billion worth of shares in Castle Peak Power after a year-long effort to offload its holding to partner, CLP Holdings (0002) yielded no result.

Shares mixed as Draghi turns cool
Shares on Wall Street rose in early trade after an encouraging US weekly labor market report suggested a steadily improving economy, while the euro strengthened after the European Central Bank left its benchmark interest rate unchanged.

Bad loans drag down bank income
Wing Hang Bank (0302) set aside seven times more money last year to cover bad loans - mainly for lending in Zhejiang province - which dragged its net income down 16 percent.

Exchanges compete to attract listing from Alibaba
US-based Nasdaq and Hong Kong Exchanges and Clearing are fighting to convince Alibaba - China's biggest e-commerce firm - to be their primary listing destination.

Savvy team for charm offensive
Beijing will likely appoint savvy international dealmakers to run its giant sovereign wealth fund and Commerce Ministry, in a soft-power push to soothe fears over a planned spending spree to boost its ownership of strategic global assets.



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