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In the wake of the coronavirus pandemic, Abu Dhabi Islamic Bank (ADIB), a leading financial institution ...

 In its China life insurance joint venture, HSBS Holdings enters to buy the remaining 50%  stake to fully own the company as China gears up its markets by removing foreign ownership  restrictions on foreign funded insurance companies.   This agreement will help HSBC to expand its mark in China, as part of CEO Noel Quinn’s plan  to boost the company’s business and enhance its investments and capital to Asia. In a  statement, Quinn tells that they are trying to make steps in their growth strategy, despite the  coronavirus pandemic, and that the transaction will help boost the ambition of accelerating  growth in their Asian franchise and further extend their capabilities in wealth.   As part of its broad overhaul announced earlier on February, HSBC, Hong Kong had turned its  focus on growth markets such as mainland China and Hong Kong.   After U.S. and Japan, China’s insurance comes third with an estimated $318bn in premiums,  and with current reforms in ownership restrictions, HSBC joins the list of companies as foreign  fully-owned insurers in mainland China. China opened its asset-management markets for wider  foreign firms and companies on April 1st this year despite the ongoing Covid-19 crisis.   

 In a statement, Vietnamese private firm Trung Nam Group announced that it will be constructing Southeast ...

With border restrictions and traffic bans amid the coronavirus outbreak, all is not well in the world energy ...

Since the coronavirus outbreak has come into the picture, the markets started crimping globally and the ...

The young entrepreneur gains a hefty $60 million fund Fintech market has a history of young ...

Tesla Motors surpasses General Motors and Ford in terms of market capitalization Tesla Motors reached an ...

Most investors, rather Chinese investors are eyeing the real estate markets in Southeast Asia since western ...

Fiat Chrysler Automobiles and French Automaker Groupe PSA have signed the “50/50 merger” agreement in order ...

At Kuwait, the real estate transaction slumped to 31.5% month-on-month (MoM) in October 2019 to stand ...