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China’s PICC reports rise revenue, net profit in 2022

Xinhua News 28th March 2023 - (Beijing) The People's Insurance Company Group of China (PICC), China's leading insurer, registered an increase in revenue...

Alibaba group to undertake massive corporate restructuring

28th March 2023 - (Beijing) Alibaba Group Holding, China's largest technology conglomerate, is set to embark on its most significant corporate restructuring since its inception over...

AllianzGI seeks approval to enter China’s fund management market

28th March 2023 - (Beijing) Allianz Global Investors (AllianzGI), the asset management arm of German financial group Allianz, has filed an application to expand its business in...

Hong Kong welcomes issuance and listing of catastrophe bond by World...

Hong Kong Government Press Release 28th March 2023 - (Hong Kong)  The Government and the Insurance Authority (IA) today welcomed the issuance of insurance-linked...

China’s wealth fund CIC to hold first global advisory meeting in...

28th March 2023 - (Hong Kong) China Investment Corp (CIC), the nation’s US$1.35 trillion wealth fund, is set to hold its first global advisory meeting in...

U.S.Dollar slides as safe-haven demand eases

28th March 2023 - (New York) The U.S. dollar fell for a second consecutive day against major peers on Tuesday, as concerns about a full-blown banking...

Oil prices surge to 2-week high

Xinhua News 28th March 2023 - (New York) Oil prices rallied on Monday as worries over the banking sector eased.

Saudi Aramco secures refining presence in China with US$3.6 billion deal

27th March 2023 - (Beijing) Saudi Aramco, the world’s largest oil producer, has entered into a deal to purchase a 10% stake in Rongsheng Petrochemical Co,...

First Citizens BancShares acquires Silicon Valley Bank assets

27th March 2023 - (New York) First Citizens BancShares announced on Monday that it will be acquiring the deposits and loans of Silicon Valley Bank, along...

Shimao Group plans to sell Sheraton & Four Points by Sheraton...

27th March 2023 - (Hong Kong) Chinese property developer Shimao Group is looking to sell its Hong Kong hotel, the Sheraton & Four Points by Sheraton...

First Citizens BancShares in advanced talks to acquire Silicon Valley Bank,...

27th March 2023 - (New York) First Citizens BancShares, a North Carolina-based bank, is reportedly in advanced talks to acquire Silicon Valley Bank, a renowned tech-focused...

Asian shares rise amid banking system hopes

27th March 2023 - (Hong Kong) Asian shares have rallied, followed by U.S. stock futures, as hopes have emerged that authorities are working to ring fence...
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