Norges Bank Investment Management – Charm

Hong Kong investment chief joins global board in first for Chinese sovereign funds

2 months ago02 mins

The head of Hong Kong’s government investment agency has been appointed as a director of a global organisation that brings together leading firms and investors, marking the first time a Chinese sovereign wealth fund has held a seat on the board. FCLTGlobal announced on Wednesday that Clara Chan Ka-chai, CEO of the Hong Kong Investment…

Hang Seng Bank shareholders set to back HSBC’s privatisation plan for Hong Kong lender

4 months ago03 mins

Hong Kong’s banking sector is set for a landmark transformation as thousands of Hang Seng Bank shareholders vote on HSBC Holdings’ bid to take the lender private on Thursday morning. Analysts expected an overwhelming approval for the proposal, which offers shareholders HK$155 a share – 30 per cent higher than Hang Seng Bank’s HK$119 closing…