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  1. China Railway listing draws 3.4 trillion yuan

    Posted Nov 23rd 2007, 12:00am by Kandy Wong, Nevin Nie

    ... Kandy Wong, Nevin Nie and Daniel Ren in Shanghai China Railway Group's dual listing got an enthusiastic response yesterday with investors in Hong Kong and Shanghai bidding up the offering prices to the top of their ranges. China Railway, the world's third-largest construction contractor, will raise 22.4 billion yuan in Shanghai at the top of its indicative range ...

  2. News - China - BANKING

    Bank of China vice-president resigns after allegations of affairs

    Posted Apr 19th 2014, 01:54pm by Staff Reporter

    ... Staff reporter Bank of China vice-president Wang Yongli resigns after being probed by the party's disciplinary body, which suspends him for unrelated issues Top manager quits despite being cleared of graft A vice-president of China's fourth-largest bank has resigned after he was investigated and subsequently cleared of suspicion of corruption by the Communist ...

  3. News - Hong Kong - ARCHITECTURE

    Bank of China Tower is among world's top corporate HQs, German firm says

    Posted Apr 14th 2013, 12:00am by Lana Lam

    ... of corporate architecture. "It's a one-off and instantly recognisable [design], even for people who haven't been to Hong Kong," Keutenius said of the Bank of China Tower, which has ... There are no dollar signs or references to money, but the striking Bank of China Tower in Admiralty screams economic might, according to a new list of the world's most eye-catching ...

  4. Spending on rail projects down 76pc

    Posted Feb 16th 2012, 12:00am

    ... This is a contradiction.' Yesterday, the Hong Kong share price of China Railway Construction Corporation (CRCC) rose 6.6 per cent to HK$5.97 after it said on Tuesday it had won US$1.4 billion in contracts in Africa. Since December, CRCC has announced contracts worth US$8.2 billion in Africa, and the other leading Chinese rail-construction firm, China Railway Group, said it won a US$1.1 billion ...

  5. Business - Economy - CURRENCIES

    China and UK in talks over London yuan clearing bank

    Posted Feb 20th 2014, 11:16am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Discussions pave the way for bank, which would threaten Hong Kong's dominant yuan position China and UK in talks over London yuan clearing bank ... that Hong Kong banks handle now are from Europe, as about 47 per cent of yuan global payments excluding mainland China and Hong Kong are from the continent, according to data from financial services ...

  6. Business - Banking & Finance - CURRENCIES

    BOC Hong Kong fends off new competition in yuan trading

    Posted Feb 17th 2014, 04:47am by KANIIS LI, Jeanny Yu

    ... Kanis Li and Jeanny Yu Gradual liberalisation of the renminbi sees Bank of China's HK unit step up marketing efforts after losing sole clearing bank status BOCHK fends off new competition in yuan trading The Hong Kong unit of the state-owned Bank of China is stepping up marketing of its improved clearing services to western financial institutions in Hong Kong after losing ...

  7. Business - Banking & Finance - CURRENCIES

    London challenges Hong Kong with BOC's yuan bond

    Posted Jan 09th 2014, 01:49pm by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com London challenges HK with BOC's yuan bond Bank of China's London branch yesterday made a landmark bond issue, underscoring the city's potential ... with the same period in 2012, hitting a daily value of US$4.8 billion, according to the City of London Corporation. But some analysts believe it is too early in the day for London to steal deals from ...

  8. Scandal-hit China Zhongwang to build new plants

    Posted Oct 19th 2011, 12:00am

    ... Naomi Rovnick and Sophie Yu Embattled aluminium producer China Zhongwang will spend US$3.8 billion buying equipment to build new production facilities. The Liaoning based company, which has suffered a series of corporate governance scandals, wants to build new plants that will produce 3 million tonnes of flat-rolled aluminium, a high end metal used in everything from drinks ...

  9. Dishing the dirt on China's corporate criminals

    Posted Aug 20th 2005, 12:00am by Jane Moir

    ... details, the company said mainland police were investigating. It was followed by an announcement from China Southern Airlines this week that a director of the company, Peng Anfa, has been arrested ... And the trial of former Bank of China (Hong Kong) chief executive Liu Jinbao culminated last Friday in a suspended death penalty for corruption. Liu was charged with embezzling, either by himself ...

  10. Business - Banking & Finance - REMUNERATION

    Hong Kong employees at Asian banks expecting strong bonus season

    Posted Jan 07th 2014, 09:55am by George Chen, KANIS LI

    ... their peers at Western banks. Financial executives at the Hong Kong offices of several mainland firms, including Haitong Securities and China Merchants Securities, said they had received year-end ... of China (Hong Kong), one of the city's three issuers of currency notes. Executives working for these banks said those in revenue-generating positions might receive a bonus equal to at least ...




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