IN BRIEF (Page 14)

CDB branch in Hong Kong

The Hong Kong Monetary Authority (HKMA), Hong Kong's central bank, approved China Development Bank (CDB) to open a branch in the former British colony, it said. State-owned CDB, which is converting into a commercial bank from a policy bank that lends in line with government initiatives, was granted a Hong Kong banking licence, the HKMA said in a statement.

Syndicated loans