trending Market Intelligence /marketintelligence/en/news-insights/trending/tPSq_NM-yezwuM5PPQPORg2 content esgSubNav
In This List

Report: Hana Financial in talks to sell stake in Chinese unit

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Report: Hana Financial in talks to sell stake in Chinese unit

South Korea's Hana Financial Group Inc. is in talks to sell a less than 50% stake in unit KEB Hana Bank (China) Co. Ltd. to CEFC China Energy, The Investor reported May 30, citing "a source familiar with the matter."

Hana Financial Chairman Kim Jung-tai and other executives met with CEFC China Energy founder and Chairman Ye Jianming earlier in 2017 in Shanghai to discuss a deal, another industry source told the outlet. China's banking regulator still has to approve the proposed deal.

KEB Hana Bank, the direct parent of KEB Hana Bank (China), said it is considering further localizing its Chinese operations but denied the involvement of CEFC China Energy.