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  • November 26, 2014
  • Last updated: 3:04pm
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  1. Ex-trading boss given death term

    Posted Aug 06th 2003, 12:00am by Staff Reporter

    ... evaded through smuggling activities. The court also ordered the confiscation of 23 vehicles, an unspecified amount of bank deposits and several houses belonging to Liu's company. Information ...

  2. Brightoil plans to buy up to eight tankers

    Posted Jan 20th 2010, 12:00am by Eric Ng

    ... in a decade. He said 30 per cent of the spending on tankers would be financed by Brightoil's internal resources. It had around HK$1 billion of cash and bank deposits at the end of June last year ...

  3. Shenzhen bank profit doubles to 535m yuan

    Posted Apr 26th 2007, 12:00am by Staff Reporter

    ... lending rates three times in the past year while deposit rates rose only twice, making loans more profitable for banks. '[Shenzhen Development Bank has] carved out a niche in personal loans ... quarter from a year earlier. Total lending increased 19 per cent in the first quarter from a year earlier, the company said. It did not provide a first-quarter figure for deposits. The bank ...

  4. Agencies attempt to restore ruined image

    Posted Feb 20th 2008, 12:00am by Sandy Li

    ... In response, the government nominated a select group of banks as the third party to hold customer deposits and the Shanghai, Beijing, Guangzhou and Shenzhen local governments have followed the guideline to protect homebuyers' interests. 'It will take time for the industry to mature. Having banks hold deposits is the right move to restore homebuyers' confidence. Eventually, ...

  5. News - China - BANKING

    Hong Kong banks may extend yuan loans to firms in Shenzhen's Qianhai zone

    Posted Dec 28th 2012, 12:00am by Sandy Li

    ... deposits rose 1.5 per cent. The interest rates and tenure of loans taken by Qianhai companies from Hong Kong banks should be determined by the parties involved, the PBOC said. Hong Kong would play ... Sandy Li sandy.li@scmp.com Yuan loans from HK for firms in Qianhai Firms in Shenzhen's Qianhai development zone will be allowed to borrow directly from Hong Kong banks in yuan, ...

  6. How torrent of cash flows to HK from Shenzhen

    Posted Nov 17th 2007, 12:00am by Staff Reporter

    ... money-transfer outlets in Shenzhen, which would instruct associates in Hong Kong to deposit the equivalent amount in Hong Kong dollars in designated accounts at local brokerages or bank branches ... banks on the mainland accepted big deposits of yuan from mainland citizens and then allowed the withdrawal of an equivalent sum in Hong Kong dollars through their Hong Kong branches. 'These ...

  7. Boom may turn to bust as 'mortgage slaves' take action

    Posted May 15th 2006, 12:00am by Mark O'Neill

    ... incentives to provide low-cost housing. Second, with bonds, stocks and bank deposits offering low or negative returns over the past five years, property has been the most popular form of investment, ... and the banks.' ...

  8. Hongkongers look across border to cash in on yuan

    Posted Mar 25th 2008, 12:00am by Fox Yi Hu, Martin Wong

    ... deposits in Hong Kong grew 7 billion yuan (HK$7.72 billion) in January to 40.4 billion yuan, but no statistics exist on the amount of yuan Hongkongers hold across the border. Various banks in Hong ... opening,' HSBC said. But Wing Hang Bank customers have to visit its Shenzhen outlets to open yuan accounts. The yuan deposit rates offered by Hong Kong banks are not in the same league as those ...

  9. HK may lose lead role in fund-raising as yuan rises

    Posted Apr 08th 2011, 12:00am

    ... there are quotas on the amount of yuan that can be held by local banks. Yuan deposits reached 400 billion yuan (HK$474.5 billion) in February and are growing quickly, meaning there is a limit to yuan ... approval on the mainland. However, the mainland will relax those rules one day.' Standard Chartered Bank's head of research Nicholas Kwan is more optimistic about Hong Kong's ...

  10. Cross-border scam syndicate broken up

    Posted Jan 10th 2008, 12:00am by Danny Mok

    ... into their accounts.' Mr Choy said the 27-year-old mastermind was arrested while withdrawing HK$120,000 from a bank at Tsim Sha Tsui on Tuesday believed to have been deposited by one victim. The 33-year-old man ... the latter provided the bank account into which the victims paid the money. All were arrested for allegedly obtaining property by deception. Stored-value phone cards and bank cards, believed to have ...




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