China Huijin increases stake in three top commercial lenders
Posted by Editor on September 24, 2008 at 04:52 AM
Xinhua reports that, “Chinese three largest commercial banks [CCB, ICBC, and BOC] announced Tuesday that Central Huijin Investment Co., Ltd., an investment arm of the government, had increased its shareholdings of the three banks.”
Bank of China to acquire 20 percent of Edmond de Rothschild
Posted by Editor on September 18, 2008 at 05:31 PM
Bloomberg reports that, “Bank of China Ltd., the nation’s third-largest by value, will buy a 20 percent stake in La Compagnie Financiere Edmond De Rothschild for 236 million euros ($342 million) to start an asset-management venture.”
China CIC arm to purchase shares in state-owned banks
Posted by Editor on September 18, 2008 at 09:32 AM
XFN-ASIA writes that, “Huijin Investment Co, an investment arm of China Investment Corp (CIC), will buy shares in three of the country’s big four state-owned banks [China Construction Bank, Industrial and Commercial Bank of China (ICBC) and Bank of China], the official Xinhua news agency reported, citing CIC sources.”
Here is the original English-language report by Xinhua.
Temasek close to decide BII buyer, HSBC drops out
Posted by Editor on March 25, 2008 at 10:15 AM
Reuters reports that, “Singapore state investor Temasek is close to selling its 42 percent stake in Bank Internasional Indonesia for over $1 billion, though Europe’s biggest bank HSBC dropped out of the race, a source told Reuters on Tuesday. The battle is now between Malayan Banking Bhd and Bank of China, while South Korea’s Kookmin has also joined the race as a third bidder, a source with direct knowledge of the deal told Reuters.”