E Fund Management Co. , China’s second-largest mutual fund house, plans to start two emerging- markets funds early next year through its Hong Kong unit, rivaling international peers such as Fidelity International.
The New York Islanders, whose games draw the fewest spectators in the National Hockey League, failed to persuade voters to issue $400 million in general-obligation debt to boost attendance with a new arena.
Voters in Nassau County, where finances are under state oversight, will decide today if their taxes should fund a hockey arena for the New York Islanders, whose owner says he’ll move unless he gets one.
Chinese power producers led by Huaneng Power International Inc. fell in Hong Kong after some investors deemed an early rally triggered by an increase in electricity prices and a cap on coal costs as excessive.
Deutsche Bank AG’s Lee Zhang, one of the most senior Chinese investment bankers at a western securities firm, is leaving to join Industrial & Commercial Bank of China Ltd., the world’s largest lender by market value.