The Business Times
business-time-50

China HNA Group's Qianhai Air to exit retail financial products business

Published Mon, Jul 30, 2018 · 02:31 AM

    [BEIJING] Qianhai Air & Shipping Exchange, part of Chinese conglomerate HNA Group, said on Monday it will exit from its retail financial products business on July 30 to comply with a government order.

    Qianhai, in a statement, said it will focus on airline asset trading and fintech and HNA Group will supervise the fund repayment for retail investors and guarantee all investment funds.

    REUTERS

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    The Philippines has lost between 42.3 billion pesos (US$675.6 million) and 118.5 billion pesos to flood-control corruption since 2023.

    Floods compound Philippine growth woes from public-works scandal

    Children at a nursery school in Tokyo. Tokyo stands out as a rare Japanese prefecture whose population is growing while the national total is shrinking.

    Tokyo reverses baby bust with AI matchmaking and generous subsidies

    While fees globally are decreasing as investors seek cheaper options, there is not enough pressure in Singapore to move away from higher commissions, observers say.

    More interest in ETFs, low-cost funds but Singapore still lacks pressure to further lower fund fees

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More