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  1. China the key to HSBC's success

    Posted Mar 09th 2012, 12:00am

    ... HSBC says the worst is nearly over for the restructuring of its operations in Hong Kong. Generally that is true for the bank as a whole. Most of its woes from the financial crisis stemmed from the US$15.5 billion purchase of a US subprime retail mortgage lender responsible for accumulated losses of US$50 billion. HSBC has been running this business down to the extent ...

    http://www.scmp.com/article/994918/china-key-hsbcs-success
  2. Agricultural Bank looks for advisers

    Posted Dec 07th 2006, 12:00am by Staff Reporter

    ... Tim LeeMaster Lender seeks help from investment banks during restructuring before IPO Agricultural Bank of China, the only one of the Big Four mainland lenders not listed, has invited investment banks to pitch for a role as financial adviser during the bank's restructuring, market sources said. UBS, China International Capital Corp, BOC International and HSBC are among those ...

    http://www.scmp.com/article/574457/agricultural-bank-looks-advisers
  3. ICBC tops HSBC in global rankings

    Posted Dec 26th 2006, 12:00am by Enoch Yiu

    ... in the world's biggest initial public offering in October, has overtaken HSBC Holdings to become the world's third-largest bank by market value. ICBC's shares surged by the daily limit of 9.9 per cent yesterday to close at 5.21 yuan on the Shanghai Stock Exchange, valuing the firm at US$214.2 billion. HSBC had a market capitalisation of US$208.4 billion at the close of trading ...

    http://www.scmp.com/article/576617/icbc-tops-hsbc-global-rankings
  4. After years of being ignored, villagers go for do-it-yourself

    Posted Oct 03rd 2005, 12:00am by Elaine Chan

    ... to sell stakes to HSBC and the International Finance Corp, is a relative success story. The number of co-ops restructuring is on the rise, with nine commercial banks and 34 rural union banks ... rural co-op reforms a daunting challenge,' HSBC economist Qu Hongbin said. Until an intensive clean-up programme launched by the central government two years ago, total assets of all RCCs ...

    http://www.scmp.com/article/518876/after-years-being-ignored-villagers-go-do-it-yourself
  5. Central Huijin to move shares in Bocom to Ministry of Finance

    Posted Mar 27th 2008, 12:00am by Staff Reporter

    ... resources', Bocom said in a statement to the Hong Kong stock exchange. But analysts expect the move will make way for additional share purchase by strategic shareholder HSBC Holdings, which holds ... to acquire or restructure our assets,' the spokesman said. Huijin is a special vehicle set up by the government in 2003 to manage capital injections into state-owned banks and other smaller ...

    http://www.scmp.com/article/631364/central-huijin-move-shares-bocom-ministry-finance
  6. BOC shortlists its candidates for top executive position

    Posted Aug 31st 2006, 12:00am by Staff Reporter

    ... in supporting economic policies than controlling risk. But as part of the restructuring of the Big Four state banks to make them compete better with international rivals, BOC led the way in putting foreign professionals in top management positions when it hired former HSBC Asia-Pacific chief credit officer Lonnie Dounn in March last year as its first-ever chief credit officer. ...

    http://www.scmp.com/article/562162/boc-shortlists-its-candidates-top-executive-position
  7. Beijing aims for 1,027 countryside banks

    Posted Jul 02nd 2010, 12:00am by Staff Reporter

    ... banks and commercial banks led to the collapse of many co-operatives in the 1990s. The mainland has been trying to reform the system by restructuring the co-operatives into rural commercial ... capital and foreign investors to set up rural banks, micro credit companies and rural mutual funds. HSBC opened its first rural bank in Hubei in December 2007 and now owns nine rural lenders ...

    http://www.scmp.com/article/718744/beijing-aims-1027-countryside-banks
  8. Foreign investors may have banked on bargains in Big Four lenders

    Posted Sep 01st 2005, 12:00am by Simon Cartledge

    ... it is plausible that even they might not have too clear a picture themselves. Moreover, it seems noteworthy that banks closer to the mainland's financial scene- HSBC or Citigroup, for example- have ... if a large proportion of new loans made in the past three years turn sour. All four will have to continue restructuring and downsizing their branch networks if they are to make themselves efficient ...

    http://www.scmp.com/article/514330/foreign-investors-may-have-banked-bargains-big-four-lenders
  9. Barclays targets stake in mainland lender

    Posted Mar 14th 2008, 12:00am by Tom Miller

    ... that has yet to be reformed. Plagued by poor asset quality and non-performing loans, ABC would represent a gamble. But with it expected to seek a public listing once it restructures, buying cheap ... Charlene Chu at Fitch Ratings in Beijing. Barclay's British rivals HSBC and Royal Bank of Scotland have taken an aggressive approach in the mainland market. HSBC has a 19 per cent stake ...

    http://www.scmp.com/article/629798/barclays-targets-stake-mainland-lender
  10. China bank wins 11th hour reprieve on bad-loan book

    Posted Oct 06th 2005, 12:00am by Staff Reporter

    ... loan portfolio. In the wake of a massive financial restructuring last year, the China Banking Regulatory Commission (CBRC) set an end-of-year deadline for CCB to hit profitability and asset ... 'This is a restructuring story rather than a growth story,' said Yang Liu, a managing director with Atlantis Investment Management. She said management was '100 per cent focused ...

    http://www.scmp.com/article/519289/china-bank-wins-11th-hour-reprieve-bad-loan-book

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