The GEAR-uP program in Malaysia aims to enhance Bumiputera participation in capital markets, addressing the imbalance where only eight out of over 230 public companies are Bumiputera-owned. Spearheaded by the Ministry of Finance and key investment firms, GEAR-uP focuses on capacity building, strategic support, and fostering competitive enterprises in the public market.
Tag: finance
Global Ripple Effects of China’s Capital Controls on London Financials and Beyond
London’s financial sector experienced a sharp repricing as investors reacted to Beijing’s new measures to restrict capital outflows, erasing more than £7 billion from the market value of major London‑listed banks and insurers; HSBC and Standard Chartered recorded meaningful declines while Prudential, which derives a substantial portion of its revenue from China, suffered the largest…
Financial Markets: 4 December 2024
One of the most significant moves has been BlackRock’s acquisition of HPS for $12 billion, a strategic maneuver aimed at reinforcing its position within the private credit market. This acquisition is BlackRock’s third substantial deal this year and reflects a trend toward deeper investments in alternative assets. With HPS under its umbrella, BlackRock has ascended…
The Business Global Magazine 