The week in renminbi: ICBC buys stake in Bank of Jinzhou, Star companies to join Stock Connect, PBoC tightens control of financial holding companies

The three regulators announced the move last Friday. At the moment, only companies with both A and H shares, with the former trading on China’s main boards, and the constituent stocks of some selected …

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Southeast Asian ride hailing giant Grab to invest US$2 billion in Indonesia using SoftBank funds

How Grab’s Tan Hooi Ling climbed her way to success Earlier on Monday, SoftBank Chief Executive Masayoshi Son told reporters his company was investing US$2 billion in Grab. He did not specify whether …

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