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Currency swap bid

Business | Banking

DBS Bank yesterday said it has applied to the Monetary Authority of Singapore to tap the currency swap agreement established between the central banks of China and Singapore to provide yuan financing to Singapore-based...

DBS fund to invest in unlisted companies

Business | Banking

SINGAPORE'S DBS Bank said yesterday that its private equity arm has established a US$100-million onshore yuan-backed fund to invest in unlisted companies in China. DBS Private Equity is among the first few foreign...

DBS Bank sets its sights on affluent mainlanders

Business | Banking

DBS Bank yesterday announced the launch of yuan services on China's mainland, targeting Chinese with assets of more than 400,000 yuan (US$53,305). DBS (China) Ltd, a fully owned subsidiary of Singapore's DBS...

Banks get go-ahead

Business | Banking

DBS Bank (China) Ltd and Hang Seng Bank (China) Ltd said yesterday they have received approval from the China Banking Regulatory Commission to offer yuan products and services to local Chinese residents. The two...

DBS set to boost staff by five times to grow rapidly

Business | Banking

DBS Bank of Singapore will increase its headcount by five times in China's mainland in five years to quicken expansion after becoming locally incorporated. The lender, Southeast Asia's biggest, will boost its...

Insurance boss puts the fun into funds

Business | Insurance

LIVING in a traditional Shanghai "shikumen" (stone-gated) apartment, starting the working day by singing with staff - it seems far from the average picture of an expatriate working in the high-pressure financial industry.

DBS buys stake in fund firm for expansion

Business | Banking

DBS Bank Ltd, Southeast Asia's biggest lender, has agreed to pay 174.9 million yuan (US$21.8 million) for a stake in Changsheng Fund Management Co Ltd as it expands its business in the world's fastest growing economy.

DBS seeks partners in move to grow business in China

Business | Banking

DBS Bank Ltd, Southeast Asia's biggest bank, is seeking partners among China's banks, securities companies and fund management firms to expand its business in the country.

Seven bid for 25% of lender

Business | Securities

HUAXIA Bank Co, China's fourth-biggest listed lender, named Deutsche Bank AG and six other foreign banks as bidders for the 25 percent stake it's selling in an attempt to improve management standards.

HK jobless rate declines

Business | Macro-economy and policy

HONG Kong鈥檚 unemployment rate fell to a three-year low last month as rising tourism and booming trade with China鈥檚 mainland fueled the fastest economic growth since 2000.

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