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Dispatches: Ping An Bank expands

Ping An Bank has opened a branch in Huizhou in Guangdong Province as its ninth branch nationwide. The move signaled the bank’s commitment to the Pearl River Delta. (Shanghai Daily)

And trading in shares of Ping An Insurance was suspended on Wednesday after the company said it planned to merge its banking unit with Shenzhen Development Bank. (Reuters)

Agricultural Bank of China (ABC) announced Tuesday in Hong Kong a total of over 25.4bn Hong Kong shares comprising initially 12.7bn shares in the Hong Kong public offering, which will start on Wednesday. (China.org.cn)

China and Taiwan on Tuesday signed their first trade pact, a wide-ranging agreement that will reduce tariffs on hundreds of petrochemical, textile and other items, and open services including banking to cross-strait investment, binding the two economies closer together. (Wall Street Journal)

Deutsche Bank announced yesterday that it has made seven new hires to its institutional sales team for China, who will focus on marketing global products to Chinese financial institutions. (Finance Asia)

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