HONG KONG, Dec 15 (Reuters) – Chinese financial firms are
targeting purchases of distressed banking assets coming on the
market in Europe, having been urged by Beijing to expand their
reach beyond emerging markets.
The first Chinese purchase of a European investment bank was
announced this week, with Haitong Securities agreeing
to pay 379 million euros ($470 million) for an investment bank
in austerity hit Portugal.
HONG KONG (Reuters) – Thousands have signed an online petition denouncing reported comments by an HSBC Holdings board member in which she likened Hong Kong protesters’ demands for democracy to the emancipation of slaves.
Laura Cha, who is also a member of Hong Kong’s policy-making Executive Council, chairwoman of the city’s Financial Services Development Council and a member of China’s parliament, was quoted as making the comments at an event in Paris.