Alfred Liu

Citigroup says it’s open to maintaining minority stake in China JV

Last year, China said it will allow global banks to take controlling stakes in local securities ventures.

Credit Suisse, Li Ka-shing-backed HK fintech WeLab said to plan $500m IPO

Other backers include Malaysian sovereign wealth fund Khazanah, Sequoia Capital, IFC and Alibaba Entrepreneurs Fund.

China fintech IPO appetite wanes after regulators voice concern

Chinese regulators are right to be concerned about the “very rapid run-up in consumer lending”.

China’s ultra-rich prompt Haitong to build Hong Kong private bank

Haitong seeks to draw more of the nation’s growing ranks of multi-millionaires to its wealth management business.

HNA faces leery banks as refinancing for Hong Kong project looms

At least 4 out of 8 banks have decided not to renew credit and don’t intend to extend fresh loans.

HK startup TNG Fintech eyes $500m valuation, seeks to close funding round

The firm has attracted almost $60 million in the series A round

WeWork said to be in talks to expand in Hong Kong bar zone

WeWork’s expansion in HK comes as soaring office rents have pushed some financial firms, hedge funds out of the financial district.

Chinese tycoon-backed Mason plans acquisitions for wealth unit

The company operates a brokerage and a healthcare business.

China’s UCF Group backs $914m deal for HK insurer

China UCF Group Co., the conglomerate led by businessman  Zhang Zhenxin, is backing the acquisition of Hong Kong Life Insurance Ltd. in a deal valuing the insurer at HK$7.1 billion ($914 million). Hong Kong Life’s owners, including Chong Hing Bank Ltd. and Oversea-Chinese Banking Corp., agreed to sell their holdings… Read more »

China: UCF consortium in late-stage talks to buy Hong Kong Life Insurance Ltd

UCF is in late-stage discussions with Hong Kong Life’s owners.