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The proposed merger between RHB Capital and OSK will be paid for entirely in shares, according to banking sources.

HFIC has cut a deal with BaoViet Insurance Corp. on operational and capital cooperation. Under the agreement, the two sides pledged to provide business opportunities and customer services for each other, said general director Tran Trong Phuc of BaoViet Insurance Corp. At the same time, Phuc stated, the two partners will contribute capital to make joint investments or to offer clients financial and insurance services. Hochiminh City Finance and Investment State-owned Company’s general director Diep Dung said his company could expand capital mobilization channels, enhance risk management and enrich products thanks to the association. Bao Viet, in turn, will have the chance of expanding its market targeting customers/partners of different scales and industries, Dung added.

Maybank Investment is talking negotiating with several companies to float their shares on the local bourse.

Goldman is eyeing other Indonesian brokerages after being elbowed out by rival Morgan Stanley in a race to buy a brokerage seat in Indonesia.

JP Morgan Chase Bank sold five million of its shares in PT Citra Marga Nusaphala.

Vietnam’s five-year government bonds rose, driving yields to a 10-month low on speculation slowing inflation will to cut borrowing costs.

ICBC launched the first tranche of exclusive Mobile Banking wealth management products only available to ICBC mobile banking customers.

UTI Mutual Fund has announced merger of S&P CNX Nifty UTI Notional Depository Receipt and UTI-Master Index Fund with UTI-Nifty Index Fund.

Sebi raised the minimum investment amount of clients for portfolio management schemes to Rs 25 lakh from the earlier Rs 5 lakh.

The assets of Indian mutual fund industry increased to US$ 133.7 billion or Rs 6.59 trillion in January.

Eight billion yuan worth of financial bonds with maturities of up to 10 years will be issued by the Bank of Ningbo.

Wealthy Chinese investors are turning to “sunshine” private trusts, the prototypes of hedge funds in the communist nation. This is while property market cools, stocks slump and bank-deposit rates fail to match inflation. China’s private trust-fund assets tripled to 138.3 billion yuan or $22 billion in the 18 months to Sept. 30, according to the most recent data from the China Trustee Association, while global hedge-fund assets have stalled at around $2 trillion. The sunshine funds are exempt from some rules placed on Chinese mutual funds, even as limitations such as a ban on short selling means they can’t operate as hedge funds in the same way managers in Hong Kong, London and New York can. The Rongzhi Hedge Fund Index that tracks 938 sunshine private funds almost doubled from the end of 2006 to December 2011, beating the CSI Stock Fund Index, which includes all Chinese open-ended stock mutual funds, by 47 percentage points. China’s mutual-fund industry shrunk about 35 percent from the end of 2007 to 2.1 trillion yuan in September as the Shanghai Composite Index tumbled almost 60 percent from its 2007 peak. The Rongzhi gauge dropped 18 percent last year, outperforming the CSI Equity Fund Index by 7 percentage points. The Shanghai Composite retreated 22 percent. For the source of this story, click here.

Hong Leong Investment Bank identified top construction stocks as it maintains its "overweight" stand on the construction sector.

Risk-focused financial advisers in Australia are optimistic about the outlook towards them and their practices despite the changes in the industry.

The Philippine government will launch retail treasury bonds on February 21 to 28.

The Philippine will launch its retail treasury bonds on February 21.