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Results 1 - 10 of 19 for hsbc restructuring

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  1. Wong banks on Asia-Pacific growth prospects

    Posted Dec 07th 2009, 12:00am by Enoch Yiu

    ... at a rapid pace. In a restructuring announced in September last year, HSBC said that in line with the emergence of Asia-Pacific as the group's 'largest and most important region', ... Maria Chan and Enoch Yiu The Asia-Pacific region would continue to be a key contributor to the earnings of global banking group HSBC, forecast Peter Wong Tung-shun, who takes over ...

  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 ...

  3. 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 ...

  4. 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 ...

  5. 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. ...

  6. 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 ...

  7. 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 ...

  8. 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 ...

  9. S&P upgrades ratings of big China banks

    Posted Sep 29th 2005, 12:00am by Staff Reporter

    ... in China were lifted to A-2 from A-3. The three have won a combined US$60 billion state capital injection since 2003 which kick-started massive financial restructurings that raised their capital ... outlook. S&P expects closer partnership between Bocom and its 19.9 per cent shareholder HSBC Holdings will improve the former's performance, governance, internal control, risk management ...

  10. BOCHK to tap unit for China push

    Posted Jan 15th 2007, 12:00am by Staff Reporter

    ... of the China Banking Regulatory Commission. Nine foreign banks, including HSBC, Hang Seng Bank, Standard Chartered and Bank of East Asia, have already obtained permission to undertake preparations ... Commercial have six each while Chiyu Banking Corp has two. 'There will be some restructuring of the mainland branch network if the [local incorporation of Nanyang Commercial] takes place. ...




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