Morgan Stanley gets nod from authorities to sell CICC stake
Morgan Stanley has reportedly received the green light from PRC regulators for its tentative sale of its 34.3% stake in China International Capital Corp (CICC), the Chinese investment bank, according to local media reports.
The relevant authorities had already agreed with the US investment bank in principle to allow its exit from CICC. However the deal still needed to go through the review procedures before receiving official...
More on Regulation
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.