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Business 10 May 2005 | 12:00 AM

HSBC spending US$1.04b for 9.9% stake in Ping An

Global bank HSBC Holdings, the biggest foreign investor in China's financial service sector, is spending HK$8.1bil (US$1.04bil) for a 9.91% stake in Ping An Insurance Co, doubling its holding in the number-two life insurer.

Business 07 Jun 2005 | 12:00 AM

Milestone for banking sector

A BANK flying Malaysia's flag across nations and continents is what the Malaysian Government would eventually like to see and this is a challenge that the country's largest investment bank CIMB Bhd and its parent, Commerce Asset-Holding Bhd (CAHB), have taken up.

Nation 12 Jun 2005 | 12:00 AM

Week that was


Business 24 Jun 2005 | 12:00 AM

China’s BoCom ends 13% up on HK debut

Shares in China's Bank of Communications, which raised US$1.88bil in the world's second largest IPO this year, rose 13% on their debut as investors chased a piece of China's first overseas bank offering.

Business 08 Jul 2005 | 12:00 AM

CIMB working on Sukuk in Brunei

BARELY a week after Commerce International Merchant Bankers Bhd (CIMB) announced it had secured an investment banking licence in Brunei, its Islamic banking unit is working with a Brunei client to help issue a US$300mil (RM1.1bil) Sukuk (Islamic bonds) facility that may be the first by a local company in the oil kingdom.

Business 23 Jul 2005 | 12:00 AM

Succession eyed as HSBC’s Bond nears 65

HSBC chairman John Bond turns 64 this weekend and insiders and analysts think his birthday festivities could mark the start of a long awaited game of boardroom musical chairs at the global bank.

Business 02 Aug 2005 | 12:00 AM

HSBC profit for first half up 5%

Global bank HSBC highlighted its focus on emerging markets yesterday as it reported a 5% rise in first-half profit and reiterated that the UK was its most difficult credit market.

Business 03 Aug 2005 | 12:00 AM

Lai takes the helm at Alliance Bank

After having been courted by Temasek Holdings Pte Ltd for more than half a year, home-grown banker Bridget Lai will take up the challenge as the new chief executive director of Alliance Bank Bhd effective Sept 1.

World 19 Oct 2005 | 12:00 AM

South Korea stem-cell pioneer says long road still ahead

SEOUL (Reuters) - South Korea is making a concerted effort to apply the science of stem-cell research to finding the cure for terminal illnesses, but there is still a long way to go, a pioneering South Korean scientist said on Wednesday.

Business 07 Nov 2005 | 12:00 AM

CIMB ropes in top bankers

CIMB Bhd is said to have hired at least three new experienced commercial bankers following its integration with Bumiputra-Commerce Bank Bhd (BCB).