Hints and tips:
...At Citic, the highest-paying company, the average employee earned Rmb797,000 ($110,000)....
...It was acquired by Citic Securities for $1.2bn in 2013, the first time a Chinese brokerage acquired a global financial institution....
...But Huarong remained optimistic about its prospects under Citic’s leadership....
...Citic Securities, Citigroup and Goldman Sachs are joint sponsors for the IPO....
...In August, the company disclosed record losses of $16bn and in November, details of a $6.6bn capital injection from a consortium of state-backed firms led by Citic, the financial conglomerate, were unveiled...
...In August, the group disclosed record losses of $16bn and subsequently revealed details of a $6.6bn bailout from state-backed companies including Citic....
...The company, which this month confirmed plans for a bailout from state-backed businesses including conglomerate Citic, said its leverage ratio reached 1,333 times by the end of 2020 as losses wiped out most...
...The state-owned company said late on Wednesday that Citic, the Chinese bank, fellow bad debt manager Cinda Asset Management, China Insurance Investment, China Life Asset Management and Sino-Ocean Capital...
...Other arms of the Citic group have also seen defections in recent months....
...All five — Mitsubishi Corp, Mitsui & Co, Itochu, Sumitomo and Marubeni — rely heavily on cyclical commodities and resource-related operations for about a fifth of profits....
...He then ran Beijing-based China Asset Management, the wealth management arm of the powerful Citic group, for the next four years....
...Renaissance Technologies founder Jim Simons has named his son co-chairman of the quantitative hedge fund’s board and added five new directors....
...The order from Citic, which acquired CLSA in 2013, follows pressure on Swire’s other holdings including Cathay Pacific, Hong Kong’s flagship airline....
...Citic Metal, a unit of China’s state-owned Citic Group, owns 29 per cent of Ivanhoe, which will fall to 26.4 per cent after the transaction....
...Another involves Tomorrow Group selling its stake in Hengtou Securities to Chinese conglomerate Citic, which has stalled because Citic has been unable to add more financial licences to its business, the...
...Murray Roos, who co-led equities at Citigroup, is leaving the bank almost five years after joining from rival Deutsche Bank, Financial News reported....
...The Hong Kong-listed shares of Citic Securities and Ping An Insurance are comparative bargains. Property developers have been badly hit. They now look oversold....
...Moves by its Chinese owners Citic Securities hint that its prized autonomy is at risk. Founded by former journalists in 1986, CLSA has long known how to sell a story....
...The last person to hold a similar role was Mervyn Chow, who was greater China chief executive and co-head of Asia Pacific investment banking and capital markets before leaving the bank in 2018 to join private...
...During that time there have been clashes between senior leadership over how best to co-ordinate the two businesses....
...Bank of America Merrill Lynch has appointed Mark Schwille and Tom Barsha to co-run its Asia Pacific mergers and acquisitions business....
...Last year China’s Citic Metal invested $560m in Canada’s Ivanhoe Mines while in 2016 China Molybdenum bought the Tenke copper and cobalt mine for $2.65bn....
...“It tells you right there that this is a big boys’ game,” said David Rosa, Neat’s co-founder and chief executive. “There’s really no chance of having disrupters with innovative ideas.”...
...In February, HNA announced an agreement with China’s Citic Bank that granted the financially distressed group a Rmb20bn ($3.2bn) credit extension....
...Mr Pun spoke in his capacity as chief executive of the Yangon New City Development Co, the municipal government-owned company he is chairing on a pro bono basis....
International Edition