HONG KONG - The Hang Seng Index closed at 21,209.74 on Friday, down 18.46 points or 0.09 per
China Mobile aims to tap into the growing potential for mobile finance and mobile e-commerce through a 20% stake in Shanghai Pudong Development Bank.


China’s Shanghai Composite Index Falls, Led by Developers (Bloomberg)
(Mar 12)
March 12 (Bloomberg) -- China’s stocks dropped, paring a weekly gain, as developers declined on concern the central bank may raise borrowing costs to combat inflation.
TPG sells Asia healthcare stake for $685m
(Mar 11)
TPG has sold its minority stake in one of Asia's biggest listed healthcare groups for $685m to an Indian corporate buyer, in another lucrative exit in the region for the global private equity fund
HSBC plans 3 new funds on mainland
(Dec 19)
Europe’s biggest bank HSBC Holdings Plc<5><HBC> is expecting to receive regulatory approval for its fourth fund operating in mainland China soon. The bank aims to start three new funds in the country next year,
BOA to cut stake in China Construction Bank
(Dec 19)
Bank of America (BOA), the largest U.S. bank in terms of market value, said it would cut its holdings in China Construction Bank (CCB)<601939><939>, one of China’s Big Four state-owned commercial banks