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  • August 30, 2014
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Results 1 - 9 of 9 for pboc

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  1. PBOC to finance more loan disposals

    Posted Jun 24th 2004, 12:00am by Staff Reporter

    ... of this year. The proceeds from these auctions will be used to pay back the PBOC. 'From the bids the asset managers submitted, it's almost certain Cinda's actual recovery rate would fall below 50 per cent,' a mainland industry source said. He said the government eventually would bear the loss should Cinda fail to generate enough cash. 'This is just another way of PBOC ...

  2. Cinda bad-loan resale leaves foreign players out in cold

    Posted Oct 19th 2004, 12:00am by Staff Reporter

    ... investors hoping to see better-quality assets on the market, Cinda's three domestic peers will be given first purchase rights. 'The People's Bank of China [PBOC] has said internally ... to introduce more competition into China's bank NPL disposal market. Cinda, which acquired the doubtful loans with a PBOC loan covering 50 per cent of the face value, has committed to liquidating ...

  3. HSBC to issue credit cards in China

    Posted Aug 21st 2003, 12:00am by Mark O'Neill

    ... When the PBOC gives the lender permission, it will start with Visa cards, offering products similar to those in Hong Kong The mainland will soon give HSBC permission to issue credit cards ... on the roof. Last year, HSBC's nine mainland branches were given licences by the People's Bank of China (PBOC) to provide foreign currency services to Chinese citizens. Since then, it has ...

  4. Bocom dumps NPLs to boost listing prospects

    Posted Jul 03rd 2004, 12:00am by Staff Reporter

    ... Bei Hu A PBOC loan allows asset manager to take on 41b yuan in doubtful debt Bank of Communications (Bocom) has completed a multi-billion-yuan sale of non-performing loans, easing the way ... month at about the same time that Cinda bought a combined 278.7 billion yuan of NPLs- also with PBOC financing- from the Bank of China and China Construction Bank to prepare them for public ...

  5. A testing ground for the yuan? Dream on, Hong Kong

    Posted Aug 12th 2010, 12:00am by Jake Van Der Kamp

    ... Beijing insists that the yuan must strengthen only very slowly, if at all. Until a balance of payments occurs, however, the PBOC has the big job of finding enough yuan to mop up all ... the PBOC say to this? You get no prize for answering the question. The PBOC would put so quick a stop to it as to put the lie to there ever having been two systems in this one country. And yet ...

  6. CCB given 65.4b yuan fund pledge

    Posted Jun 14th 2005, 12:00am by Staff Reporter

    ... injection in late 2003. On top of that, a 64.45 billion yuan People's Bank of China (PBOC) loan financed China Cinda Asset Management's acquisition of CCB's NPLs with a face value ...

  7. Bocom investors' woes deepen

    Posted Jul 13th 2004, 12:00am by Mark O'Neill

    ... did not have an adequate understanding of how dangerous it was.' Both Mr Fang and the PBOC economist agreed with the bank, which argued that it was acting only as an agent for Jin Xin ... branch of the CBRC. 'Shanghai regulators found it very difficult to monitor the products that Jin Xin sold in Shanghai and investors were subject to a substantial risk,' the PBOC ...

  8. ICBC prepares bad-loan sale

    Posted Apr 27th 2005, 12:00am by Staff Reporter

    ... it guaranteed for the problem loans under auction. PBOC granted Cinda a loan equal to 50 per cent of the nominal value of the BOC and CCB loans- precisely what Cinda paid for them. Meanwhile, ...

  9. A year on, and Lehman fallout still being felt around the world

    Posted Sep 14th 2009, 12:00am by Kenneth Howe

    ... said in an article on the PBOC's website. 'Although crisis may not necessarily be an intended result of the issuing authorities, it is an inevitable outcome of the institutional ...



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