Retaliatory tariffs, a stronger dollar and several u-turns from the Trump administration are creating an uncertain outlook for 2025 and is pushing up the price of gold; meanwhile, Hong Kong and China are lodging complaints to the WTO.
Shenzhen Metro Group is the Chinese property giant's largest shareholder with the move coming after Vanke said it could make a loss of up to Rmb45bn in 2024.
The deal includes an agreement to buy Banner Life, enter a partnership in the US pension risk transfer business, and an intention to take a 5% shareholding in Legal & General Group.
The international law firm has appointed Gaven Cheong as partner within the funds team in the Special Administrative Region; he joins from Tiang & Partners.
Hong Kong-based Maisant has replaced Sébastien Pietryk as Apac head of distribution and asset rotation, overseeing the bank's Apac loan activities; Pietryk has moved onto a different role at the bank.