Sectors - Hand Seng  

Sinochem plans to raise up to $35 bln yuan from share sale

Energy company Sinochem to use the money to fund oil-refining project in Quanzhou

China State-Bank heads resign amid speculation of reshuffle

Guo to be head the China Securities Regulatory Commission and Xiang will take over as Chairman of the China Insurance Regulatory Commission

Hong Kong begins trading bullion in yuan

Hong Kong's Chinese Gold & Silver Exchange Society begins trading gold quoted in yuan

Citic Securities may raise $1.7 bln at low end of sale range

Shanghai-listed Citic Securities may raise $1.7 billion selling shares at the low end of sale range in a Hong Kong stock sale

PCCW eyes $1.3 bn HK listing by spinning-off telecom unit

Hong Kong communications firm PCCW plans to raise $1.3 bn in a share sale by spinning of telecom unit

S&P cuts Italy ratings one notch to A/A-1

US-based Standard and Poor's cuts unsolicited ratings on Italy by one notch to A/A-1, keeps its outlook on negative

Sinohydro to sell 3.5 bln shares in Shanghai from Sep 26

Chinese dam builder Sinohydro will sell 3.5 billion shares in Shanghai from September 26, shares will be priced on Sep 23

Citic Securities to raise $1.9 bln from initial share sale in Hong Kong

China's largest brokerage Citic Securities plans to raise HK$15.1 billion ($1.9 billion) from the initial share sale in Hong Kong

Bank of America to sell China bank stake for $8.3 billion

American multinational banking firm Bank of America Corp will sell about half of its stake in China Construction Bank for $8.3 billion to raise capital and shed assets

Capital One to buy HSBC's US credit card unit for about $2.6 bln

Virginia-based Capital One agrees to buy the U.S. credit-card business of HSBC Holdings PLC for about $2.6 billion

Temasek appoints Jimmy Phoon as CEO of Seatown unit

Investment company Temasek Holdings has appointed Jimmy Phoon as new chief executive for Seatown Holdings

Nissan Motor, Dongfeng Group plan to invest $8 bln in China

Automobile companies Nissan and Dongfeng plan to invest $8 billion and launch 30 vehicles in China over 5 years to increase sales

China Merchants Bank to raise up to $5.4 bln in rights offer

Sixth largest lender China Merchants Bank plans to raise $5.4 billion in a rights offer to shareholders in China and Hong Kong


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