HONG KONG, Feb 27 Hong Kong’s stock exchange will bank on its role as a gateway to mainland China’s deep-pocketed investors to take on other leading venues and win the coveted $100 billion listing of Saudi Arabia’s giant state oil company, Aramco, it said on Monday. Charles Li, the CEO of Hong Kong Exchanges and Clearing , said access to Chinese capital and China’s role as the world’s largest importer of oil made Hong Kong a viable contender in the frantic race between listing venues.
Category: Singapore, Malaysia Travel
Australia pushes for TPP without US after Trump exits deal
Australia is leading a push to salvage a Pacific trade deal after President Donald Trump formally withdrew as a signatory to the 12-nation accord. Prime Minister Malcolm Turnbull said he discussed the deal on Monday night with Japanese counterpart Shinzo Abe, and held talks with the leaders of New Zealand and Singapore.
UPDATE 1-Allianz, Standard Chartered form bancassurance pact in Asia
FRANKFURT, Jan 19 German insurer Allianz and Standard Chartered Bank on Thursday announced a 15-year agreement to distribute Allianz’s general insurance products in Hong Kong, Singapore, Malaysia, Indonesia and China. The deal to distribute travel, personal accident, fire and motor insurance products to Standard Chartered’s retail banking clients will start in 2017, the companies said in a joint statement.
Genting Hong Kong caters to the Asian market with Star Cruises
The Asian cruise industry is booming and operators, governments and tourist boards are keen to get involved. Cruise operators are introducing more and more itineraries to the region, while authorities are developing top-of-the-range cruise terminals everywhere from Shanghai to Singapore.