Sumeet Chatterjee

Hong Kong

Deputy Finance Editor at Reuters

Reuters Asia finance & markets editor, based in Hong Kong, track banking sector and China financials. Views are my own. [email protected]

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Articles

Bain Capital to sell China data centre business likely valued at over $4 billion, sources say

6 days ago | today.westlaw.com | Stephen Coates |Kane Wu |Sumeet Chatterjee

HONG KONG (Reuters) -U.S. investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value the business at over $4 billion, two people with knowledge of the situation said.
HKEX Posts 37% Rise to Record Q1 Profit as Trading Soars

2 weeks ago | gurutrade.com | Sumeet Chatterjee |Kate Mayberry

HONG KONG, April 30 (Reuters) - Hong Kong's bourse operator on Wednesday posted a 37% jump in first quarter profit to record its best ever quarterly performance, helped by a sharp increase in securities trading and listing activities in the Asian financial hub. The profit attributable to shareholders of Hong Kong Exchanges and Clearing Ltd (HKEX) rose to HK$4.08 billion ($526 million) in the March quarter, up from HK$2.97 billion a year ago, its earnings statement showed.
Exclusive-China has considered opening its $520 billion ETF market to Western market makers, sources say

1 month ago | today.westlaw.com | Selena Li |Sumeet Chatterjee |Edwina Gibbs

HONG KONG (Reuters) - China has been looking at allowing Western firms such as Citadel Securities and Jane Street to act as market makers in its rapidly growing exchange-traded...
Chinese Banks Hike Consumer Loan Rates in Abrupt Reversal as Bad Debt Risks Mount

1 month ago | gurutrade.com | Ziyi Tang |Ryan Woo |Sumeet Chatterjee |Himani Sarkar

Banks raise consumer loan rates to at least 3% Top lenders have warned of growing personal bad loans Higher rates could deter China's consumption push, analysts warn BEIJING, April 1 (Reuters) - Some Chinese banks have started raising interest rates amid growing bad consumer loans in a dramatic U-turn just weeks after slashing them to unprecedented lows, a move that is expected to weigh on Beijing's efforts to stimulate a sluggish economy.
Hong Kong bourse logs 10% profit jump as trading turnover and IPOs surge

2 months ago | msn.com | Sumeet Chatterjee |Scott Murdoch

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Hong Kong Bourse Logs 10% Profit Jump as Trading Turnover and IPOs Surge

2 months ago | gurutrade.com | Sumeet Chatterjee |Mrigank Dhaniwala |Edwina Gibbs

2024 profit rises to HK$13 billion, in line with estimates Value of new listings jumps 90% to HK$88 billion CEO says China's economic rebound to provide vibrancy to markets HONG KONG, Feb 27 (Reuters) - Hong Kong's bourse operator posted a 10% rise in annual profit, helped by sharp increases in trading turnover and new company listings, and said it was optimistic that a pickup in Chinese economic activity would help its prospects.
Exclusive-KKR, Fountainvest and PAG among those eyeing Starbucks China stake, sources say

2 months ago | today.westlaw.com | Casey Hall |Kane Wu |Julie Zhu |Sumeet Chatterjee

HONG KONG (Reuters) - KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks' China business, four sources said, as the U.S. coffee chain looks to revive flagging sales in its second-largest...
HSBC sees $1.8 billion in revamp related costs as new CEO looks to boost returns

2 months ago | msn.com | Selena Li |Sumeet Chatterjee

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HSBC eyes $1.8bln in cost cuts by 2026 as new CEO looks to boost returns

2 months ago | zawya.com | Selena Li |Sumeet Chatterjee

HONG KONG: HSBC on Wednesday said it aims to save $1.8 billion in costs by the end of next year, as its new CEO revamps the bank to boost profit while navigating mixed interest rate policies and profound geopolitical changes. The Asia-focused lender booked earnings for 2024 that beat market expectations and announced a new $2 billion share buyback which it plans to complete before its next earnings filing.
HSBC sees $1.8 billion in revamp related costs as new CEO looks to boost returns

2 months ago | today.westlaw.com | Selena Li |Tomasz Janowski |Christopher Cushing |Sumeet Chatterjee

HONG KONG (Reuters) - HSBC expects to incur $1.8 billion in expenses by the end of next year related to an overhaul initiated by its new CEO to cut long-term costs and boost profits while navigating diverging interest rate policies and geopolitical...

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