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ICBC and TAETEA launch tea wealth management product

ICBC will launch the first Pu'er Tea wealth management product exclusively for private banking customers.

ICBC and TAETEA launch tea wealth management product

ICBC will launch the first Pu'er Tea wealth management product exclusively for private banking customers.

Monsoon Capital banks on quant to regrow hedge fund assets

Monsoon Capital, which managed $1.6 billion before the financial crisis triggered major redemptions, is banking on quant-driven strategies.

China mutual funds loses US$20B in first half

China's mutual funds made a combined loss of 125.4 billion yuan or US$19.65bi) in the first half of 2011.

Ashok Mittal appointed as head of UBS India’s investment banking

UBS AG has appointed Ashok Mittal as head of investment banking for India.

Korea to require dealers to offer inflation-linked bonds

The Korean government will require specialized dealers of state bonds to offer prices of inflation-indexed bonds as part of efforts to jump-start their trading.

Indian banks seek alternative investments as credit offtake slows

Indian banks are expected to increase investment in short-term paper or government bonds after seeing deposits sharply outpace loan growth in the second quarter.

China's sovereign fund global investment return tops 11 pct in 2010

The China Investment Corporation,  made a return of 11.7 percent on its global investment portfolio in 2010.

Hong Kong seeks to improve risk management measures

The defaults of Lehman Brothers’ entities prompted HKEx to enhance the robustness of its risk management measures and to bring them into line with international standards, said HKEx Chief Executive Charles Li.

Repurchase deal on Lehman notes reached with Citibank

An agreement has been reached with Citibank Hong Kong on market-linked and equity-linked notes issued by Lehman Brothers between March 2007 and June 2008.

Temasek sells stake in Chinese banks, remain bullish on China

Temasek Holdings said its partial sale of stakes in China's state-owned banking giants Bank of China and China Construction Bank is part of its routine portfolio adjustment.

JP Morgan appoints Clayton as Senior Banker for Malaysia

J.P. Morgan has appointed Steve Clayton as Managing Director and Senior Country Officer for Malaysia.

Commerzbank's China business to focus on merger and acquisitions

Commerzbank's investment banking business in China will focus on advising and financing Chinese companies' accelerating merger-and-acquisition activities in Germany.

China to tighten regulations on investment products

The China Banking Regulatory Commission is soliciting opinions on wealth investment management, with clauses aiming to protect investors' interests.

Foreign banks allowed to distribute mutual funds in China

China has revised rules to allow foreign commercial banks to distribute mutual funds in the country.

S. Korea finalizes details on hedge funds

South Korea's financial watchdog has finalized details about qualifications to manage hedge funds.

TA Investment declares dividend for Islamic Fund

TA Investment Management Bhd declared a gross income distribution of four sen per unit for its TA Islamic Fund.

RHB Capital Posts RM511.6 Million 1st Quarter Pre-Tax Profit

RHB Capital posted an 8 per cent increase in pre-tax profit to RM511.6 million for the first quarter of 2011, ending March 31. The company registered a profit of RM474.2 million in the previous corresponding quarter.