China wants to increase the competitiveness of its financial institutions by allowing more foreign banks and insurers to enter the domestic market more easily and speedily.
The funds raised via a private placement bolster Vietcombank’s capital ahead of Vietnam's application of Basel II in 2020. However, the state could continue to demand big dividends.
Following Meituan-Dianping and Haidilao, the two candidates have kicked off their listings, targeting a combined $1.15 billion in what looks set to be a busy month of Hong Kong IPOs.
It's the world's most expensive bank by book value, but overseas investors shrugged off concerns about India's banking sector and gave strong support to its dual-tranche share sale.
The fintech firm's $1.95 billion series-B funding almost triples its valuation. But what does it tell us about the current state of China's private equity market?