Shares worth $5.01 trillion changed hands on the Shanghai Stock Exchange in 2009, compared with $4.07 trillion on the Tokyo Stock Exchange By Zhang Shidong and Shiyin Chen (Bloomberg) — Shanghai overtook Tokyo as Asia’s biggest stock market by trading value last…
AMD and distributors to pilot IBM’s new financing capabilities in the region TIANJIN, China, Jan. 8 /PRNewswire-FirstCall/ — IBM ( IBM) today announced that its lending unit has signed a financing deal with Advanced Micro Devices, Inc. (NYSE: AMD) and its distributor…
Private equity investments in China lead to the creation of more jobs and spending on research and development than their publicly listed counterparts, a survey showed on Thursday. Private equity has sometimes been viewed with apprehension in China, particularly when large state…
TAIPEI, Taiwan — Nearly 40 percent of people in a new poll conducted by 1111 Jobs Bank expressed an interest in working in the financial industry, due to higher pay and better prospects for the industry in the wake of the signing…
BEIJING, CHINA: China has kicked off its first global hiring campaign for money managers to help invest its US$2.3 trillion (S$3.2 trillion) of foreign exchange reserves, the world’s largest stockpile, an official said. The State Administration of Foreign Exchange (Safe) is seeking…
SINGAPORE: About 1,000 Singaporeans vied for 100 top financial jobs at the “Career in China Job Fair” held at Suntec Singapore on Sunday. Jobs search website JobsDB said it is the first time high-level financial institutions from China have come together to…
HSBC (0005) says it has no plans to lay off staff in Hong Kong. The assurance comes one day after the lender said it was axing 1,700 employees in Britain. “It’s really the British side’s affair,” said Vincent Cheng Hoi-chuen, chairman of…
Investment banks are moving to increase headcount in China and India in anticipation of rising deal flows fuelled by strong growth rates in Asia’s largest developing economies. Banks had scaled back staffing across Asia amid a dearth of merger and acquisition activity,…
There has been buzz lately in Asia that Hong Kong may become a has-been. As the global financial crisis gathered speed last year, Hong Kong looked relatively well insulated from the crashing markets because its banks were not heavily exposed to credit…
HONG KONG (Dow Jones)–Accounting firm Deloitte Touche Tohmatsu plans to hire as many as 2,400 new staff for its mainland China and Hong Kong operations, the South China Morning Post reported Monday citing a senior executive. The hiring campaign “reflected the firm’s…
