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  • July 12, 2014
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  1. Business - Banking & Finance - CURRENCIES

    Delayed payments system stalls yuan’s global ambitions

    Posted Jul 09th 2014, 11:18am by Reuters

    ... trading French and German companies are leading among countries outside greater China in use of the yuan, a report said. London-based lender HSBC Holdings surveyed 1,304 businesses that have ties ... at HSBC. The Chinese currency surpassed the euro last year as the second most popular in international trade finance. Bloomberg ...

    http://www.scmp.com/business/banking-finance/article/1550191/delayed-payments-system-stalls-yuans-global-ambitions
  2. News - China Insider - TECHNOLOGY

    Xiaomi founder Lei Jun donates HK$93 million worth of stocks to employees

    Posted Jul 08th 2014, 05:56pm by Jeremy Blum

    ... He has since restructured Kingsoft by focusing on mobile internet applications and security solutions, and in 2012, entered the company into a high-profile partnership with Xiaomi to provide ...

    http://www.scmp.com/news/china-insider/article/1549689/xiaomi-founder-lei-jun-donates-hk93-million-worth-stocks
  3. News - China - Social Justice

    China's dissidents feel the 'chilling effect' as party's muzzling tactics prove effective

    Posted Jul 10th 2014, 12:04pm by AFP

    ... and advanced an ambitious agenda including restructuring the economy. In the latest example, seven activists were charged in Henan province last week with the vague offence of “picking quarrels ...

    http://www.scmp.com/news/china/article/1550960/chinas-dissidents-feel-chilling-effect-partys-muzzling-tactics-prove
  4. Comment - Letters

    Letters to the Editor, July 2, 2014

    Posted Jul 02nd 2014, 04:54am by LETTERS

    ... on an HSBC credit card. Earlier this month, I lost my credit card in London. As soon as I realised it had gone, I called the HSBC credit card hotline to report the loss. I was put on hold. I waited and waited Finally, I hung up and called again. I called the card centre nine times and spent more than HK$500 on hold without ever managing to report the card lost. Why don't HSBC hotline staff ...

    http://www.scmp.com/comment/letters/article/1544414/letters-editor-july-2-2014
  5. News - China - MACAU

    Occupy-style public vote on universal suffrage to be held in Macau

    Posted Jul 08th 2014, 01:30pm by JEFFIE LAM

    ... election committee and the public.” HSBC alters report naming Occupy Central as reason for downgrade of Hong Kong outlook Sou said the group wanted to exert pressure on both the central government ...

    http://www.scmp.com/news/hong-kong/article/1549537/macau-plans-occupy-style-public-vote-universal-suffrage-and-chief
  6. News - China - GRAFT CRACKDOWN

    Retired Guangdong official Li Ruohong under investigation for 'discipline violations'

    Posted Jul 05th 2014, 04:02am by Zhuang Pinghui

    ... Wang Xin, was arrested for economic crimes committed in 2005 and 2006. At the time Li stepped down, the bank was undergoing a restructuring under his instructions. According to a plan released ...

    http://www.scmp.com/news/china/article/1547007/retired-guangdong-official-li-ruohong-under-investigation-discipline
  7. Business - Commodities

    As silver fix decision nears, LME ties up with Autilla

    Posted Jul 11th 2014, 01:31am by Reuters

    ... exchange-traded funds provider ETF Securities. The banks involved in the current silver-fixing process are Deutsche Bank, HSBC and Bank of Nova Scotia's ScotiaMocatta. The LME currently provides ...

    http://www.scmp.com/business/commodities/article/1551439/silver-fix-decision-nears-lme-ties-autilla
  8. Business - Economy - ECONOMY

    Weaker June inflation data may prompt more stimulus from Beijing

    Posted Jul 09th 2014, 10:45am by Reuters

    ... "Subdued inflation means monetary policy will have plenty of room to ease further over the coming months," Julia Wang, an economist at HSBC said in a note to clients. "We think ...

    http://www.scmp.com/business/economy/article/1550172/china-inflation-slows-23pc
  9. Comment - Letters

    Letters to the Editor, July 10, 2014

    Posted Jul 10th 2014, 04:33am by LETTERS

    ... credit card ", July 2). I completely empathise with his frustration in trying to speak to a living human via the HSBC "hotline" as a similar situation happened to me recently. ... I was ringing on a Hong Kong landline so it was just the cost in my time and hair loss due to pulling it out in frustration. However, in the spirit of scientific inquiry, I decided to ring the HSBC ...

    http://www.scmp.com/comment/letters/article/1550615/letters-editor-july-10-2014
  10. Business - Companies - RETAIL

    China market to play big role in revival of Juicy Couture

    Posted Jul 11th 2014, 10:26am by TIFFANY AP

    ... As Juicy Couture's new owner, Authentic Brands faces a long road ahead to turn the company around, but while it is looking at a painful restructuring exercise in the brand's birthplace, ...

    http://www.scmp.com/business/companies/article/1551765/china-market-play-big-role-revival-juicy-couture

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