I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Wednesday 11 April 2012

DBS TO INJECT RMB 2.3 BILLION INTO FAST-GROWING CHINA FRANCHISE

Proposed capital injection is an affirmation of bank’s commitment to China;


DBS China’s registered capital to rise by close to 60%

CHINA, SINGAPORE, 11 April 2012 - DBS Bank announced today that to facilitate the expansion of its fast-growing China franchise, it plans to inject RMB 2.3 billion into DBS China, thereby increasing its registered capital by close to 60%. The capital injection is subject to the requisite regulatory approvals and will be the first time that the bank will be infusing additional capital into its wholly owned China subsidiary since RMB 4 billion was injected during local incorporation five years ago.
 
DBS China also plans to continue investing to expand its rapidly growing franchise in the country. The investments will be in network expansion, headcount growth, infrastructure upgrades, consumer and corporate internet banking platform enhancements and other technology developments.

DBS China CEO Melvin Teo said, “As one of the first foreign banks and the first Singapore bank to be locally incorporated in China five years ago, DBS has come a long way and established a firm foothold in the areas of corporate banking, trade finance, cash management, treasury and markets, as well as wealth management. Notwithstanding the challenging economic climate, last year was a good year for the bank overall and for DBS China in particular. Our 2011 net profit doubled from a year ago, crossing the RMB 500 million mark for the first time."

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