News

Philippine sovereign bonds retain ratings

Philippine sovereign bonds retain ratings

Standard and Poor's rating on the global bonds of the Philippine Republic maturing in 2020 and 2034 was affirmed. It occurred after a proposed reopening of these instruments.

Westpac begins offering Samurai bonds—source

The lender reissued yen-denominated bonds after a year-long hiatus due to global financial crisis.

Penjing, Triple A form hedge fund venture

Penjing Asset Management entered a joint venture agreement with Triple A Partners to raise capital to start hedge funds in Asia.

BEA widens product range with constituent funds

The Bank of East Asia Limited has launched four constituent funds under its Mandatory Provident Fund schemes.

2 Indian lenders partner in distributing mutual funds

State Bank of India's tie-up with Bank of Maharashtra aims further expansion to semi urban and rural investors.

Maybank Investment, Mizuho Securities ink deal

The two parties agree to join their expertise in exploring opportunities and providing excellent service.

State Bank of India receives insurance regulator's nod

SBI partners with Insurance Australia Group to open SBI General Insurance.

HSBC: Affluent customers prefer Shariah banking

HSBC will aim at internationally mobile, affluent Islamic consumers with its Amanah Premier.

Taiwan learns from life insurers' experience

Due to unknown operating risks and strong domestic competition, Taiwan banks will be careful in penetrating China's banking sector.

HSBC small-mid cap raises 329M in China

HSBC Jintrust Small-Mid Cap Equity Fund raised approximately US$329 million during the initial public offering in mainland China.

Dena agrees to distribute Shinsei products

Dena Bank will distribute Shinsei Mutual Fund schemes through its network of branches spread across the country. This is based on Dena Bank's distribution agreement with Shinsei Asset Management India Pvt. Ltd.

China's AMC market eyed by Taiwanese holding firms

Two Taiwanese holding companies want to profit from opportunities posed by Chinese asset management companies.

United Overseas Bank partners with S. Korean firm

The tie-up aims to widen investment options in Asia of investors of both companies.

CIMB to increase Islamic fund

The Securities Commission approved the increase of CIMB Islamic DALI Equity Theme Fund from two billion to 2.2 billion units.

BNP launches Indian equities-invested funds

BNP Paribas Investment Partners launched two new private placement funds invested in Indian equities. Their management is delegated to Sundaram BNPP AM, the Indian equity specialist of BNPP IP.

CIMB declares income for 2 funds

CIMB-Principal declared income distributions for two of its equity funds –Equity Fund 2 and Equity Growth Fund.

Regulator rejects China Strategic's Nan Shan bid

Lack of details and inconsistencies in data caused regulator's disapproval.