Credit Suisse has plans to double its number of Chinese employees in the next five years, as it continues to target the ultra wealthy in the region, a spokesperson for the Swiss bank said on Monday.
SoftBank and Tencent Holdings-backed Chinese online property platform KE Holdings appears poised to raise $2.1 billion as it intends to price its U.S. initial public offering above its indicative share price range, analysts said Wednesday.
DBS’ Hong Kong business tapped Peter Tung, a veteran of Morgan Stanley and UBS, to head its private banking unit for greater China as financial firms compete for growth in a cooling market.
China’s securities regulator is planning to grant securities licenses to commercial banks as part of a wider effort to help domestic businesses compete with foreign rivals, Chinese business news site Caixin reported on Sunday.
Credit Suisse has been granted approval to take a majority stake in its Chinese securities joint venture, the bank said Friday, as banks rush to gain more access to China’s lucrative market while Beijing regulators ease restrictions on foreign firms.