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Haitong Bank has indicated to Macau News Agency that establishing a branch in Macau is part of plans to expand into the Greater Bay Area. The bank headquartered in Lisbon was authorised to establish a local branch via a Chief Executive dispatch on July 19, with the bank telling MNA the authorisation was the culmination of the regulatory process required after approval by the Portuguese central bank Banco de Portugal. “The establishment of the Macau Branch is of crucial importance for Haitong Bank’s global organization to more effectively accommodate and implement its strategy of business,” Haitong’s CEO, Wu Min, told MNA on his reply. ....
Portugal-based bank Haitong Bank, S.A. was authorised to open a branch in Macau, a dispatch with the official Gazette indicates. Following the collapse of Banco Espírito Santo de Investimento, SA, the bank was acquired in 2015 by Haitong Securities Co., Ltd., one of the oldest and largest brokerage and investment firms in China, from Grupo Novo Banco for 379 million euros (MOP3.5 billion/US$447.1 million). The bank then changed its corporate name to Haitong Bank, S.A., with its headquarters currently in Lisbon and with the bank holding operations in Portugal, Spain, United Kingdom, Poland and Brazil, plus Shanghai and Hong Kong. ....
The paradise island of Mauritius, dream destination of thousands of tourists around the world is turning out to be a nightmare for clean foreign investors. Ongoing events on the island indicate that the, once reputed for its sustained economic success and political stability managed by its multi ethnic population, is churning dangerously into a land where honest investors are fearing to tread. The country is facing an unprecedented political turmoil, with the departure a major partner of the ruling alliance, the Social Democratic Party ( PMSD) back in December 2016, followed by the refusal of former minister of Financial Services and Good Governance, Roshi Badhain to participate in the swearing in ceremony of the reshuffled cabinet. ....
The new kid on the EU bond block euractiv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euractiv.com Daily Mail and Mail on Sunday newspapers.
Portugal investors demand bank bond money back or will boycott European fund euractiv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euractiv.com Daily Mail and Mail on Sunday newspapers.