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On March 24, it was reported that on the morning of March 23, Shen Zhulin, Vice Chairman of the National Development and Reform Commission (NDRC), met with Mr. Kelley, Chairman of the Executive Board of BASF Group, at the NDRC headquarters. The two sides exchanged views on topics including Chinas 15th Five-Year Plan (2016-2020), the green and low-carbon development of the chemical industry, and BASFs development in China. Shen Zhulin stated that the 15th Five-Year Plan (2016-2020) clearly defines key development directions such as green development, digitalization, building a strong domestic market, and expanding high-level opening-up, providing new development opportunities for foreign-invested enterprises, including BASF, in China. China welcomes BASF to expand its investment in China, strengthen technological innovation and the application of new technologies, increase product added value, and expand its development space.On March 24, Nongfu Spring (09633.HK) announced in Hong Kong that its total revenue for 2025 was RMB 52.553 billion, an increase of 22.5% year-on-year; profit attributable to owners of the parent company was RMB 15.868 billion, an increase of 30.9% year-on-year; basic earnings per share were RMB 1.411, an increase of 30.9% year-on-year; and a final dividend of RMB 0.99 per ordinary share was proposed (totaling approximately RMB 11.134 billion in dividends).Li Auto (LI.O) shares rose more than 4% in pre-market trading after the company announced a $1 billion share buyback program.Li Auto (LI.O) shares rose more than 1.5% in pre-market trading.Li Auto (LI.O) announced a $1 billion share buyback program.

Barclays Increases Its Holdings In Australia's Barrenjoey Capital

Haiden Holmes

May 18, 2022 10:05

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Barclays (LON:BARC) Plc announced on Wednesday that it has nearly quadrupled its shareholding in Barrenjoey Capital Partners to aid in the expansion of the Australian boutique investment bank's operations.


By targeting clients who value specialist expertise, investment banking boutiques in Australia are attempting to escape the restricted bureaucracy and declining bonuses of larger banks.


Barclays, the third-largest British bank by market value, boosted its stake in Barrenjoey from 9.9 percent to 18.2 percent by investing A$75 million ($52.72 million) in new capital. Barrenjoey was founded by former UBS bankers and sponsored by Barclays and Magellan.


Barclays stated in a statement that Australia is an integral element of its strategic growth objectives in the Asia Pacific region.


In the second half of the year, the additional capital will be essential to support the growth of Barrenjoey's markets business, which includes the establishment of fixed income derivatives and equities financing platforms, according to Barclays.

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