@WSJ reporter, covering Asia banking and finance. julie.steinberg@wsj.com. Opinions are my own, not my employer's.

The Chinese Banks Eating Wall Street’s Lunch (in Asia)

blogs.wsj.com — Two years ago, the investment-banking leaderboard in Asia was a who's who of Wall Street: Goldman Sachs Group Inc. topped eight Western banks that combined for 30% of revenue in the region. , , and rounded out the top five. Today, the top five, and seven of the top 10, are Chinese firms, with 60% [...]

Asia: Where American Investment-Banking Dreams Go to Die

wsj.com — In 2014, Goldman Sachs Group Inc. ranked No. 1 among all investment banks doing business in China and Asia's emerging economies. Now, it isn't even in the top 10. The rankings instead have been dominated by Chinese banks, which this year have pocketed a record 60% of fees from advising on mergers and raising capital in Asia, according to research firm Dealogic.

Postal Savings Bank of China IPO to Have Five Cornerstone Investors

wsj.com — HONG KONG-Postal Savings Bank of China Corp. is expected to have five cornerstone investors for its coming initial public offering in Hong Kong, according to people familiar with the matter. The people said the cornerstone investors-which agree to buy stocks at the offering price and hold them for a set period-include China State Shipbuilding Corp.

A Banker Who Took His Paternity Leave

wsj.com — HONG KONG-Sam Kendall was starting a family for the second time, and he wanted this time to be different. The new head of investment banking for Asia Pacific at UBS Group AG hoped to take extended paternity leave to care for the twins he and his wife were expecting, and was nervous about broaching the subject, Mr. Kendall, 45 years old, said in an interview this week.

A Top Investment Banker Actually Took All His Paternity Leave for Once

blogs.wsj.com — HONG KONG - Sam Kendall was starting a family for the second time, and he wanted this time around to be different. The new head of investment banking for Asia Pacific at UBS Group AG hoped to take extended paternity leave to care for the twins he and his wife were expecting, and was nervous about broaching the subject, Mr. Kendall, 45, said this week in an interview.

Hong Kong Tribunal Rules Against U.S. Short-Seller Andrew Left

wsj.com — News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Market Misconduct Tribunal finds Left was 'reckless' or 'negligent' in spreading information HONG KONG-A Hong Kong tribunal found a U.S. short seller was "reckless or "negligent" for spreading false and misleading information about a Chinese property developer.

Hong Kong Securities Regulator Fines Morgan Stanley $2.4 Million

wsj.com — HONG KONG-Hong Kong's securities regulator on Wednesday fined and publicly reprimanded an Asian unit of Morgan Stanley for the failure of its internal controls related to trading, among other things. The Securities and Futures Commission fined Morgan Stanley Hong Kong Securities Ltd.

China’s Postal Savings Bank Close to Securing $2 Billion Cornerstone Investment for IPO

wsj.com — HONG KONG-Postal Savings Bank of China Corp., the world's biggest initial public offering planned this year at more than $7 billion, is setting sail with a $2 billion backing from another Chinese state firm. Postal Savings is close to securing a roughly $2 billion cornerstone commitment from China State Shipbuilding Corp.

Anbang life-insurance unit plans IPO

marketwatch.com — HONG KONG - Anbang Insurance Group Co. plans an initial public offering of its life-insurance unit, a move that could increase disclosure at the opaque Chinese insurer that made an aborted $14 billion bid for Starwood Hotels & Resorts Worldwide Inc. this year.

Anbang Insurance Plans IPO for Life-Insurance Unit

wsj.com — HONG KONG-Anbang Insurance Group Co. is planning an initial public offering of its life-insurance unit, a move that will increase disclosure at the secretive company as it tries to become a global player, according to people familiar with the matter.
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