Citic Bank breezes into China’s insular tobacco sector with new investment
The bank seized on a local government debt crunch to buy a stake in regional lender Hongta Bank, providing a conduit into China's recession-proof cigarette monopoly Key Takeaways: Citic Bank…
BRIEF: Fosun weighs sale of Portuguese bank holding
Fosun International Ltd. (0656.HK) is considering a sale of its 20.45% stake in Banco Comercial Portugues, Portugal’s largest listed bank, as it sells down non-core assets to improve its financial…
Wealth divide: Banks in China’s poorer regions bear brunt of margin squeeze
The latest annual results from Bank of Gansu and Jiangxi Bank show their margins are getting compressed by high interest payments on their time deposits and falling loan yields Key…
WeLab gets $220 million confidence vote for its digital banking prospects
The Hong Kong-based financier raised the fresh funds from investors including HSBC and Prudential as it seeks to expand in Southeast Asia Key Takeaways: WeLab announced it raised $220 million…
China Merchants Bank falters as economic slowdown wipes out growth
Operating income growth for the bank, considered one of the most market-oriented among China’s big state-run lenders, came to a standstill in 2025 Key Takeaways: China Merchants Bank’s operating income…
Weihai Bank gets government-led year-end capital gift, highlighting its troubles
The regional lender will sell new shares to a municipal investor in its hometown in Shandong province to shore up its capital cushion Key Takeaways: Weihai Bank will raise about…
China’s changing tastes buffet western brands as Ant Group faces old headwinds
Burger King withdraws from Hong Kong and Ant Group's purchase of a Hong Kong brokerage is getting extra scrutiny.
