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Huishan troubles worsen as banks say violated loan agreement, assets frozen

2017-04-11 theedgemarkets
SHANGHAI (April 11): China Huishan Dairy Holdings Co Ltd is facing a major challenge from creditors after banks including HSBC Holdings PLC said the troubled firm had violated covenants linked to a US$200 million loan, while a Shanghai court froze some assets.

Standard Life Asia sold to Chinese joint venture

2017-03-29 scmp
The deal marks the second purchase of a Hong Kong-based insurer by a mainland firm in the past two weeks

Chinese funds find sweet spot in city’s insurance sector

2017-03-25 scmp
Hong Kong insurance companies remain attractive acquisition targets for mainland entities, a trend that has helped to inject fresh capital into the local industry, yet one which also ushers in new regulatory and management challenges, according to industry players.

UCF Capital buys Hong Kong Life as Chinese funds rush into city’s insurers

2017-03-21 scmp
The HK$7.1 billion takeover of Hong Kong Life boost share price of Asia Financial, Chong Hing Bank

China's UCF Group Backs $914 Million Deal for Hong Kong Insurer - Bloomberg

2017-03-21 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Financial firms lead in gender diversity, but men still dominate the top jobs

2017-02-27 scmp
A report by Morgan Stanley finds that just 16 per cent of senior executive roles across the sector are held by women

Chong Hing Bank Selects Moody's Analytics Risk Management Solutions

2017-02-13 indiainfoline
Moody’s Analytics announced that it has been selected by Chong Hing Bank (CHB) as a strategic partner for implementing a comprehensive suite of solutions for the customer credit lifecycle. These include loan origination and credit risk measurement technology, as well as risk advisory, training and certification services.

Hong Kong Life leverages combined resources of partners to compete with larger rivals

2016-09-23 scmp
Hong Kong Life, a joint venture life insurance company owned by five financial firms, is drawing particular takeover interest thanks to its business portfolio and bank branch network. Its corporate history can also illustrate how a group of smaller lenders can join hands to compete with bigger players.

China banks expected to post subdued profits for 2015, according to analysts

2016-03-28 scmp
Major Chinese banks’ results for 2015 should this week show continued subdued earnings growth as margins are squeezed and assets deteriorate as growth in the world’s second-largest economy hit the slowest pace in 25 years, analysts said.

Chong Hing Bank defies mainland bad loan tide as it aggressively expands lending to China

2016-02-24 scmp
Profit before tax rises 51 per cent to HK$1.2 billion