Latest News for: China private wealth

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Eni eyes $6 billion takeover of Neptune Energy: Report

Upstream Online 06 Dec 2022
Italian energy giant Eni reportedly is in talks to acquire private equity-backed UK ... Neptune is owned by Beijing’s sovereign wealth fund China Investment Corporation (CIC) – which holds 49% equity – and private equity funds including the Carlyle Group and CVC Capital Partners.
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Eni eyes $6 billion takeover of Neptune Energy

Upstream Online 06 Dec 2022
Italian energy giant Eni is reportedly in talks to acquire private equity-backed UK ... Neptune is owned by Beijing’s sovereign wealth fund China Investment Corporation — which holds 49% equity — and private equity funds including the Carlyle Group and CVC Capital Partners.
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Credit Suisse looks to speed up cuts as revenue outlook worsens

The Times of India 02 Dec 2022
The fresh round of private banking cuts signals challenges facing Credit Suisse as it shifts towards banking for the wealthy, after vowing to ramp up wealth management globally. Two sources said the cuts in the Hong Kong private banking team mainly involved those associated with the China wealth management business.
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Innovation can help pension market

China Daily 01 Dec 2022
... in the program, including China Construction Bank and China CITIC Bank, officially started offering private pension services on Friday ... The size of China's private pension market may reach 3.5 trillion yuan in 10 years, said Fan Hua, head of BlackRock CCB Wealth Management.
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Exclusive: Credit Suisse looks to speed up cuts as revenue outlook worsens –sources

Reuters 01 Dec 2022
The fresh round of private banking cuts signals challenges facing Credit Suisse as it shifts towards banking for the wealthy, after vowing to ramp up wealth management globally. Two sources said the cuts in the Hong Kong private banking team mainly involved those associated with the China wealth management business.
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Exclusive-Credit Suisse looks to speed up cuts as revenue outlook worsens –sources

FX Empire 01 Dec 2022
The fresh round of private banking cuts signals challenges facing Credit Suisse as it shifts towards banking for the wealthy, after vowing to ramp up wealth management globally. Two sources said the cuts in the Hong Kong private banking team mainly involved those associated with the China wealth management business.
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Private sector grows in overall importance

China Daily 21 Nov 2022
The private sector will gain more focus in China's economy, as was reaffirmed in the report delivered during the 20th National Congress of the Communist Party of China ... The private economy has become the largest enterprise group and investment body in China, as well as an important force for independent innovation.
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The Liberty Times Editorial: Xi’s rise spells disaster for China

Taipei Times 16 Nov 2022
The first challenge facing China is Xi’s abandonment of former paramount leader Deng Xiaoping’s (鄧小平) policy of “reform and opening up,” which brought the country four decades of rapid growth ... This kind of suppression would surely have a major effect on China’s most creative and productive private businesses.
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North American markets up on strong jobs numbers in Canada, U.S.

North Shore News 04 Nov 2022
Markets are being driven this week by macro-economic data, said Allan Small, senior investment advisor at iA Private Wealth. Employment data released Friday was stronger than expected in both Canada and the U.S., and that combined with optimism that China’s COVID-19 rules might ease is giving hope to investors, he said.
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Credit Suisse plans to push ahead with China expansion

Shenzhen Daily 01 Nov 2022
It’s very clear that the market is bigger in China than it is in Southeast Asia, Australia or India.” ... Apart from applying for a wealth license to sell products to its private bank clients, it’s setting up a locally incorporated bank, which will take two to three years to build out and after which its clients can trade China-listed shares, he said.
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Credit Suisse plans to push ahead with China expansion after overhaul

FX Empire 31 Oct 2022
Low said China and Hong Kong, however, will remain brighter spots ... Apart from applying for a wealth licence to sell products to its private bank clients, it’s setting up a locally incorporated bank, which will take two to three years to build out and after which its clients can trade China-listed shares, he said.
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Jumbo Severance Pay for Public Office Holders Amount to State Robbery, Says TUC

This Day 28 Oct 2022
... some of these beneficiaries are still pensioners of the public and private sectors,” it said ... “In China most of our political elites would have had their wealth confiscated and sentenced to death for such recklessness because like crude oil theft, it is a national sabotage.
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FT: China’s wealthy activate escape plans as Xi Jinping extends rule

Greek City Times 25 Oct 2022
However, Kia Meng Loh, a Singapore-based senior partner at Dentons Rodyk, a global law firm which has 6,000 employees in China, said inquiries and instructions for setting up “family offices” — private entities used to manage a family’s wealth — had also been building in the city-state “for months”.
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NIO stock has crashed under $10! Is it safe for me to invest?

The Motley Fool 25 Oct 2022
This was after President Xi Jinping won an historic third term as China’s leader over the weekend. He immediately called for regulation of wealth accumulation, singling out private capital in particular ... China has the largest and fastest-growing electric vehicle market in the world.
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Xi Jingping Wins Third Term Amid Deteriorating US-China Relations

truthout 25 Oct 2022
Also Xi Jinping doubled down on expanding the state sectors, state companies, and making private companies and foreign companies’ life more difficult in making money in China and keeping their wealth and jeopardizing their private property as well.

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Secretary of State Antony J. Blinken hosts a holiday event in honor of Unaccompanied Tour Families at the U.S. Department of State in Washington, D.C., on December 8, 2022.
Public Domain / Freddie Everett
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