ANZ Banking Group will launch a $1.5 billion share buyback after selling its life insurance unit, its wealth business and a 20 per cent stake in Shanghai Rural Commercial Bank. The sale of the bank stake, first announced in January, was completed on Monday. ( read original story ...)
Australia and New Zealand Banking : ANZ completes sale of 20% stake in Shanghai Rural Commercial Bank
ANZ today announced it has completed the sale of its 20% stake in Shanghai Rural Commercial Bank (SRCB), originally announced in January 2017. As part of the Group's broader capital management plan, ANZ now intends to buy-back up to $1.5 billion of shares ... ( read original story ...)
Shanghai Industrial : Ind unit to buy stake in SSCAM & Shaoxing property
owned subsidiary agreed to acquire 80% equity interest in Shanghai Shangtou Commercial Asset Management Co., Ltd. (SSCAM) at Rmb13.72 million. SSCAM is established in the PRC, whose principal business is investment and financing cooperation, commercial ... ( read original story ...)
China, UK vow to bolster economic cooperation, speed up stock connect plan
rather than letting most of the savings stay in the property market," said Fang. "If we can achieve this, China’s economy will move up to a new level." Talks on the Shanghai-London stock connect scheme, which would allow investors on one bourse to invest ... ( read original story ...)
Shanghai Metal Corporation Offers High-quality Aluminum Coils & Anodized Products To Fulfill Global Customers’ Needs
Shanghai Metal Corporation established in 1980 has come a long way since its set up and has been working with much diligence ever since. They aim highest to fulfill the needs of its customers on a global scale and thus have acquired its name and fame as ... ( read original story ...)
CORRECTED-METALS-Copper, aluminium top Shanghai gainers on China data
SYDNEY, Dec 15 (Reuters) - Copper and aluminium led gainers in Shanghai base metals futures on Friday, helped by overnight increases in the London market on the back of upbeat China manufacturing data. China’s industrial output expanded at a faster than ... ( read original story ...)
UK, China accelerating preparations for London-Shanghai stock connect: UK finance minister
BEIJING (Reuters) - British finance minister Philip Hammond said that China and the United Kingdom have agreed to accelerate preparations for a London-Shanghai stock connect program. Hammond was speaking at a press conference in Beijing. In September ... ( read original story ...)