ZED-Alert

CCB to Acquire Overseas Private Banking License

January 9, 2010 CCB, Private Banks, Hong Kong

China Construction Bank is expected to acquire a multinational private banking license in Europe or the U.S. in efforts to boost the development of its private banking business. Since its launch in...

S.Korea Pension Fund Receives QFII License

January 9, 2010 Pensions, NPS, QFII, Korea, SWFs

South Korea’s national pension fund (NPS), the world’s fourth largest, has been approved for a QFII license to purchase Chinese securities. NPS has long been criticized for over-reliance on domestic...