Blackstone’s keen on a $4B lifeline for New World, but talks have stalled. The Cheng family—desperate yet hesitant—is weighing alternatives to keep control, even as $122B in debt looms.
https://t.co/A2EuZsG4SI
Deepening crackdown: State-owned Haitong is splitting the HK CEO role, appointing its domestic securities finance manager to co-lead the HK business, mimicking Citic, which has moved hundreds Chinese staff to take control of CLSA and rein in risks.
https://t.co/k0jI9EhpPH