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Minsheng plans $4.7bn IPO
The bank aims to raise up to $4.68bn with Hong Kong’s largest initial public offering this year, a move that should solidify China’s dominant position in the global IPO market
Eyes stay focused on China’s SWFs
China’s growing economic importance and the consequent allure of its SWFs will prove a magnet for international asset managers with regional ambitions
Morgan Stanley faces China setbacks
Like its global rivals, the US bank is still building its onshore China presence, although it claims to be further ahead than many of its investment banking competitors
Morgan Stanley battles over China derivatives
Investment bank faces two court battles – in England and China – over the same set of loss-making hedges as Beijing tries to clamp down on OTC contracts
Hopu acquires first stake outside China
Hopu Investment Management, the Beijing-based private equity fund set up by ex-Goldman Sachs dealmakers, acquires a 4.9% holding in Lippo Karawaci, an Indonesian-listed developer
China to improve rural bank access
China’s banking regulator has promised to deliver basic financial services to every town in the country within three years in an ambitious programme backed by state-owned banks
Analysis: Beijing sees opportunity in dollar’s fall
By presenting relaxation of currency controls as a challenge to the dollar’s dominance, Chinese economic reformers are able to give their proposals a nationalist veneer
Analysis: Down but not out
The dollar: Despite prevailing ‘declinism’, there is no evidence of a rout – though recent lows have highlighted fundamental questions about the US currency’s long-term prospects
Lex: Minsheng / UCBH
Diversifying revenues away from the domestic market makes sense for China’s eighth-largest bank; boosting its UCBH holding is a smart move
Too soon for stimulus exit plans, says GE head
Nani Beccalli, the head of GE International, who runs all of the conglomerate’s businesses outside the US, is worried that talk of governments preparing for exit strategies from the huge amount of cash they have poured into their economies was “premature”
