You are here

China financial firms eyeing distressed assets

Latest transactions show that they seek controlling stakes as a way to expand their global footprint

Hong Kong

CHINESE financial firms are targeting purchases of distressed banking assets coming on the market in Europe, having been urged by Beijing to expand their reach beyond emerging markets.

The first Chinese purchase of a European investment bank was announced last week, with

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom