HONG KONG/LONDON/NEW YORK -- Summoned by HR to be handed a Deutsche Bank envelope, many of its staff across the world then left their desks for the last time on Monday, shown the door by their German employer within hours of a restructuring announcement. Deutsche Bank confirmed on Sunday that it was closing huge parts of its trading businesses, with staff in its equities division in Sydney and Hong Kong among the first to be told their roles would go. "If you have a job for me, please let me know," said a banker leaving the Hong Kong office on Monday. Staff leaving in Hong Kong were holding envelopes with the bank's logo. Three employees took a picture of themselves beside a Deutsche Bank sign outside, hugged and then hailed a taxi. "They give you this packet and you are out of the building," said one equities trader. "The equities market is not that great so I may not find a similar job, but I have to deal with it," said another. At the bank's Wall Street office, staff impacted by the … [Read more...] about Deutsche Bank careers end in an envelope, a hug and a cab ride
Deutsche x trackers harvest csi 300 china a shares etf
HONG KONG (WASHINGTON POST) - In Hong Kong, the semi-autonomous Chinese territory, protesters stormed the legislative building on Monday (July 1), selectively defacing any signs of Beijing's sovereignty after weeks of massive demonstrations against a controversial extradition Bill. In mainland China, meanwhile, dissent is silenced, news heavily censored and criticism of the government punished. The staggering difference represents a growing problem for Beijing: how long can and should Hong Kong be allowed to remain so defiant before it becomes ungovernable by Beijing's strict standards? Monday's protest, planned for the anniversary of Hong Kong's July 1, 1997, handover from British colonial rule to Hong Kong, was dripping with symbolism. Demonstrators removed the Chinese flag from a flagpole, and replaced it with a black one featuring a withered, black Bauhinia, the flower on Hong Kong's emblem. Inside the legislative building, protesters spray-painted over any references to the … [Read more...] about For China, a growing conundrum: What to do with Hong Kong?
Former Foreign Affairs Secretary Perfecto Yasay Jr. said it is the prerogative of a country to bar any foreigner from entering its territory. Speaking to ANC, Yasay said it is unfair to accuse China of bullying former Foreign Affairs Secretary Albert del Rosario and former Ombudsman Conchita Carpio Morales after they were both not allowed entry to Hong Kong. "People accuse China for being a bully then but we must remember, the prerogative of allowing a foreigner from entering a country is always vested on the host country. For any reason, they think that you are a security risk or for any justifications, they could be barred entry. Now you call that bullying or not, the fact is that is the prerogative exclusively given to the host country," he said. "Especially in this particular case, Secretary Del Rosario, to my mind, anticipated that he would be barred entry, whether or not he entered with a courtesy diplomatic passport or with a regular because of what had happened to Justice … [Read more...] about Not fair to say China a bully, says ex-DFA chief Yasay
LONDON: Britain and China began selling shares in each others’ companies on Monday under a landmark deal, Britain’s Treasury announced, as London looks to remain a leading financial centre post Brexit. The launch of the London-Shanghai Stock Connect marks “the first time that any foreign company will be able to list in mainland China”, a statement said, as the UK seeks to extend close trading ties with the Asian powerhouse, despite strains caused by the fallout between Chinese telecoms giant Huawei and the US. The announcement Monday was the “centrepiece” of the UK-China Economic and Financial Dialogue, the Treasury said. Britain’s finance minister Philip Hammond was hosting China’s Vice Premier Hu Chunhua and a delegation “to discuss multilateral and bilateral economic issues, financial services cooperation, and trade and investment”, it added. Hammond said in the statement: “London is a global financial centre like no … [Read more...] about UK shares list in China, a first for foreign firms
LONDON: Britain and China began selling shares in each others' companies Monday (Jun 17) under a landmark deal, Britain's Treasury announced, as London looks to remain a leading financial centre post-Brexit.Launch of the London-Shanghai Stock Connect marks "the first time that any foreign company will be able to list in mainland China", a statement said, as the UK seeks to extend close trading ties with the Asian powerhouse, despite strains caused by the Huawei fallout.The announcement Monday was the "centrepiece" of the UK-China Economic and Financial Dialogue, the Treasury said.Britain's finance minister Philip Hammond was hosting China's Vice Premier Hu Chunhua and a delegation "to discuss multilateral and bilateral economic issues, financial services cooperation, and trade and investment", it added.Hammond said in the statement: "London is a global financial centre like no other, and today's launch is a strong vote of confidence in the UK market."Stock Connect is a ground-breaking … [Read more...] about UK shares list in China in first for foreign firms