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  • October 2, 2014
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  1. International city where cultures mix happily

    Posted Nov 15th 2010, 12:00am by Staff Reporter

    ... Group, which includes BNP Paribas Fortis, is the euro zone's largest bank by deposits. BNP Paribas Belgium is particularly dedicated to corporate and institutional clients. About one-third ... of international organisations and is also the capital of the European Union. The headquarters of Nato is also in Brussels. Apart from politics, the capital has a number of big banking institutions ...

  2. New curbs point to central bank being serious this time

    Posted Dec 10th 2007, 12:00am by Staff Reporter

    ...'s announcement at the weekend to raise commercial banks' deposit ratio by one percentage point is the first warning shot of many tougher measures in the coming months. The rise in the amount of cash banks must set aside as reserves- the 10th time this year- means that banks must set aside 14.5 per cent of their deposits, the highest reserve ratio they have been required to meet since 1987. ...

  3. Business Digest

    Posted Aug 06th 2012, 12:00am

    ... freezes bank deposits of Tianrui units The Hangzhou Intermediate People's Court issued on July 26 a civil ruling to freeze 129 million yuan (HK$156.9 million) of deposits in the bank accounts ... Zhongda over a distributorship agreement. But Tianrui said its bank accounts had so far not been frozen and it was not liable under the civil action. Eric Ng Qinfa warns of earnings slide ...

  4. Chinatrust eyes small firms on mainland

    Posted Apr 12th 2012, 12:00am

    ... businesses and individuals but cannot take deposits. The move is aimed at bolstering small businesses that are unable to obtain credit from state-owned banks. In Shanghai, the municipality wants ... Daniel Ren in Shanghai ren.wei@scmp.com Chinatrust Commercial Bank, one of the largest private lenders in Taiwan, is lobbying the Shanghai government to waive rules on petty-loan firms. ...

  5. Wenzhou investment boost for HK

    Posted Apr 07th 2012, 12:00am

    ... chief economist for Greater China at Australian bank ANZ, believed the new investment rules for Wenzhou residents would bring in fresh capital inflow in both the equity and housing markets in Hong Kong. Currently, Wenzhou holds US$56 billion in bank deposits and about US$190 billion in housing stock, according to Liu's research. 'If just 5 per cent of these holdings flow ...

  6. Mining boom brings conflict

    Posted Jun 25th 2011, 12:00am

    ... Tolgoi, one of the world's biggest coking coal deposits. The news came just one month after the government halted coal truck shipments to China following reports of several deaths on the dirt road to the border. At that time, Mongolian company Energy Resources, a public company that operates Ukhaa Khudag in the eastern part of the deposit, was ordered to build a new road and ensure ...

  7. Fishermen fear for cash due from 2010 pirate ordeal

    Posted Mar 09th 2012, 12:00am

    ... with the Sri Lankan admiralty court that sold the ship at auction in August after its Taiwanese owner declared bankruptcy and vanished. The money was deposited in Sri Lankan rupees and the court does not maintain a foreign currency account. So, the fisherman cannot get their compensation- US$24,570 for Yu and US$28,006 for Xu- until the court gets permission from the country's central bank ...

  8. Manila stuns the world by standing up to Beijing

    Posted Apr 28th 2012, 12:00am

    ... oil and gas deposits. 'If we don't watch out, Scarborough Shoal could go the way of Mischief Reef' which Beijing seized from Manila nearly 20 years ago, warned Lauro Baja, ... Bank which China started claiming only after the previous administration [of former Philippine president Gloria Macapagal-Arroyo] entered into a Joint Marine Seismic Undertaking with China ...

  9. Orchestra banks on a season of premieres

    Posted Jul 17th 2011, 12:00am

    ... Oliver Chou oliver.chou@scmp.com Despite an HK$18 million budget shortfall, the Hong Kong Chinese Orchestra plans to push ahead with an ambitious and wide-reaching programme for its 35th season. The orchestra is planning to put on 22 programmes, including ...

  10. Scope of yuan trade should be broadened

    Posted May 05th 2009, 12:00am by Staff Reporter

    ... if there are no such restrictions and countries need to look for ways to convert their yuan into other currencies,' Mr Mak said. Peter Wong Tung-shun, an executive director at Hongkong and Shanghai Banking Corp, ... develop as a mature yuan offshore centre still hinged on how widely the currency could be used. At present, individuals and companies in designated industries could open yuan deposit accounts ...




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