Saturday, January 14, 2017

China Continues Spread Around Pacific Rim

China's HNA Group purchases first foothold in New Zealand

WELLINGTON - One of the world's biggest asset finance and leasing companies, China-based HNA Group, has purchased its first foothold in New Zealand. ANZ Bank New Zealand Ltd, one of New Zealand's biggest commercial banks, said Wednesday that HNA had agreed to buy its asset finance business, UDC Finance, for NZ$660 million($461.47 million). ANZ New Zealand…