Polls
Asia's best managed companies: Hong Kong & China
We publish the results of our annual poll to find Asia's top companies. Today, Hong Kong and China.




IPO Report
Zhongwang prices IPO towards low end
The aluminium extrusion company raises $1.26 billion and becomes the largest IPO so far this year amid good interest from global institutions. Retail investors are less enthusiastic, leaving the Hong Kong public tranche undersubscribed.


M&A Briefing
SMBC officially buys Nikko Citi units for $7.9 billion
Citi sells off its Japanese domestic securities arm to boost its capital, but keeps the global arm.




Equity News
Macquarie posts first profit fall in 17 years
Macquarie Group is forced to make big asset write-downs and raises $396 million from a sale of new shares.


People Moves
Brian O'Connor leaves Nomura
The former CAO/COO of Lehman Brothers Asia has left Nomura for a yet-to-be-disclosed new job in Singapore.




Outlook & Economics
Economist disappointed to find he’s not that gloomy
Charles Dumas says things in the United States are moving roughly in the right direction; pity about China.


Outlook & Economics
New breed of buyers for distressed assets emerges
Once the playground of hedge funds, distressed assets are attracting more interest from private banks, boutique firms, local players, sovereign wealth funds and institutions.