Chinas insurance regulator hinted recently that approvals for the countrys banks to buy stakes in local insurance companies now rest with the State Council — the nation’s top administrative body — and hence Vice Premier Wang Qishan, the governments ...
Global private-equity firms call it the “triangle” bid strategy: A private-equity firm joins a Chinese company trying to woo an international partner. But increasingly, the private-equity firms look like a third wheel. The latest attempt: Cnooc’s ...
An up-to-the-minute take on deals and deal makers. When the shortlist of bidders for Huawei Technologies $4 billion-plus mobile-devices unit came out this week, there was one name that didnt surprise anybody: Bain Capital Partners. This will be the ...
Foreign banks are scouring China for opportunities to break into the trust industry. The latest: Royal Bank of Scotland. RBS received approval Friday from China’s banking regulator to buy 20% in eastern China’s Suzhou Trust, a person familiar with the ...
An up-to-the-minute take on deals and deal makers. China dealmaker Wilson Feng left Merrill Lynch earlier this year. Now we know why: The lure of Chinas private-equity scene. Mr. Feng, former chairman for China investment banking at the firm, is ...
For his birthday, Credit Suisse is giving Vikram Gandhi a ticket to Hong Kong. The global head of Credit Suisses financial institutions group, who turned 46 on Tuesday, has become the latest senior investment banker to leave New York to run a global ...
One of the private-equity world’s leading figures says he sees the light at the end of the tunnel. David Rubenstein, co-founder of Carlyle Group, expects the flow of private-equity deals to pick up in coming months as companies begin to adapt to life ...
An up-to-the-minute take on deals and deal makers. One of the biggest questions for M&A bankers is: Will China’s appetite for U.S. assets continue despite some hefty losses on investments in Blackstone Group and Morgan Stanley and the rejection of ...
An up-to-the-minute take on deals and deal makers. Last week, BHP Chief Executive Marius Kloppers said it was only a matter of time before China took a stake in his company. Now, rumors that China is actually moving toward acquiring a stake pushed ...
Lehman Brothers has poached Patrick Lee — a senior UBS banker based in Singapore who headed up the Swiss bank’s coverage for the city state and Malaysia — to become head of Lehmans Southeast Asia investment banking team, according to people familiar ...
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