An interesting article published on a US blog details the advantages (and disadvantages) of opening a yuan-denominated bank account abroad. We have previously discussed on this blog the increase in offshore renminbi funds and deposits. The author recalls his conversation with the staff at the Manhattan main branch of Bank of China, which makes fascinating reading. read
HONG KONG (Dow Jones Investment Banker)–Hutchison Whampoa Ltd.’s retail division, one part of a sprawling conglomerate, is itself a mix of heterogeneous businesses. The best way to maximize its value would be to recognize that diversity with a partial float of its most attractive sub-segment, the Watsons health, beauty and pharmacy chain in Hong Kong and in the rest of Asia.
HONG KONG (Dow Jones Investment Banker) – Asian equity issues have recently seen explosive growth but, in some countries, few foreign investors can buy shares in a domestic listing. The successful sale of a Taiwanese IPO to foreign investors last week is another step in the right direction.
HONG KONG (Dow Jones Investment Banker) – In 2005, Bank of China Ltd unit Bank of China International did not lead any IPOs in Hong Kong. Five years on and it has become a major player. Philippe Espinasse speaks with Marshall Nicholson, Global Head of Equity Capital Markets and Vice-Chairman of the Investment Banking division.
HONG KONG (Dow Jones Investment Banker) – Frustrated with what they increasingly perceive as a conflict of interest, a number of companies and their stakeholders are now engaging independent advisers to assess the work done by their investment banks.
Hong Kong Exchanges and Clearing Limited (HKEx) published on 10 December 2010 its consultation conclusions on the acceptance of mainland accounting and auditing standards and mainland audit firms for mainland incorporated companies listed in Hong Kong. read
