The property crisis and policy measures will continue to pressure the bank’s revenue throughout 2024, said CMB’s board members during a press conference.
The Chinese internet giant’s recent ride hasn't been easy amid geopolitical tensions, a gloomy domestic economy and the high cost of capital. FA spoke to analysts and economists to assess the firm's outlook, as Alibaba drives its break-up strategy.
ESR Group has around $156bn in total assets under management across Asia Pacific, focused on the new economy sectors of logistics, data centres and alternatives.
Hui Ka Yan has been fined $6.53m and banned from the securities market by the China Securities Regulatory Commission, after unit Hengda Real Estate was found to have falsified revenue for the 2019 and 2020 financial years by over $70bn.
Luet, currently head of Citi's Japan Cluster, will oversee Australia, China, Hong Kong, Korea, New Zealand and Taiwan, with Ng retiring after 26 years with the bank on April 5.
Artificial intelligence (AI) was the big stock story of 2023. Christopher Chu asked experts about how AI is likely to perform as an investment opportunity in 2024.