By Bloomberg News
The fundraising comes as Chinese banks prepare to shift to more stringent accounting standards known as IFRS9 this year.
Ant currently has more outstanding consumer loans than China’s second-biggest bank.
The float comes amid a push by Beijing to inject new life into bloated state-owned enterprises by encouraging private capital investment in the enterprises.
Cathay Capital Private Equity and OrbiMed have sold their respective stakes in Echosens to European PE Astorg.
The platform allows users to see their design in a panoramic VR effect, helping designers generate renderings in a matter of seconds.
State-controlled China Huarong Asset Management is buying the stake in the CEFC unit acquiring a $9.1 billion stake in Russia’s Rosneft.
UBS did not specify what led to the suspension.
Singapore-based wealth manager Lumen Capital Investors has appointed two new private bankers, former Nomura executives Masahiro Kojima and Trina Pek, to its North Asia team.
For large Chinese firms, a CDR would mean bowing to the demands of CSRC, a regulator known to change the rules, and open and close the IPO market at will.
EmergeVest said this marked its seventh acquisition in the UK logistics sector since inception.