Amid the global trade and tariffs war between China and the US, Asian markets saw a deterioration in M&A activity in 2Q19. In line with the overall trend in the region, private equity activity decreased for the third consecutive quarter.
Content Types: ArticleRegions & Countries: Hong KongIndustries: Banking & Finance
The Hong Kong Monetary Authority (HKMA) granted the first batch of three virtual banking licences, which permit banks to operate online in the city without physical branches, in March. It is the latest in a series of moves to help spark innovation in the city and strengthen Hong Kong’s position as an international financial hub.
Content Types: EventRegions & Countries: Hong KongIndustries: All
Deal-making in the Asia Pacific region continues to gain momentum from its successful run in 2018. Despite regulatory headwinds and macroeconomic uncertainties, cross-border M&A within Asia has remained strong, with a number of big-ticket transactions being announced. Meanwhile, new regulatory initiatives such as the Greater Bay Area (GBA), is driving renewed investor interest into the region.
Hong Kong Airlines shareholders have demanded to see 2018 accounts before considering providing at least HK$2 billion ($255 million) needed to ensure the carrier - partly owned by the indebted HNA Group - keeps its licence, according to a Reuters report citing two sources.
Welcome to the Sovereign Asia Focus newsletter keeping you up-to-date with news and views from around this burgeoning region – Hong Kong and Singapore, in particular, where we have long-established offices.