Bloomberg Business

China Charges Ex-Merchants Bank President Over ‘Huge’ Bribes

Chinese authorities charged Tian Huiyu, the former president of China Merchants Bank Co., over suspected violations including taking bribes and insider trading, after an almost one-year long investigation of the ex-official at the nation’s top retail bank.

Billionaire Li’s FWD Raises $1.8 Billion in Two Years Before IPO

FWD Group Holdings Ltd. raised a total of $1.8 billion in private placements over the past two years, as the pan-Asian insurance company owned by Hong Kong billionaire Richard Li moves a step closer to its planned initial public offering.

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