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  • November 27, 2014
  • Last updated: 5:31am
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  1. Comment - Insight & Opinion

    The limits of central banking

    Posted Aug 18th 2012, 12:00am by Andrew Sheng

    ... Andrew Sheng Andrew Sheng says an overreaching monetary policy only delays the inevitable and dents banks' credibility While politicians fiddle, central bankers seem only to be adding fizz to bubbles Central banking used to be an august profession- highly respected, almost revered, mainly because central bankers looked after everybody's money. But now that Wall Street ...

  2. Fans of outsiders laughing all the way to the bank

    Posted Jul 11th 2012, 12:00am

    ... Alan Aitken If you're one of the many with the sneaking suspicion this season's results have been very different from last season's, then you are bang on the money. About now we have a look back at some of the season's stats, particula ...

  3. Chongqing rural bank's shares slide further 6.6pc

    Posted Apr 18th 2012, 12:00am

    ... May Chan may.chan@scmp.com Reeling from the city's anti-graft investigations, Chongqing Rural Commercial Bank stocks continued to slide yesterday, closing down 6.6 per cent at HK$3.55. Yesterday's drop came after the bank's shares on Monday lost 8 per cent with revelations that the new Chongqing government was looking into the construction projects ...

  4. Emotional plea for World Bank deputy

    Posted Mar 11th 2012, 12:00am

    ... Matt Ho and Teddy Ng in Beijing The wife of Justin Lin Yifu, the senior vice-president of the World Bank, appeared emotional at a National People's Congress panel discussion yesterday ... PhD in economics at the University of Chicago. Although he and Chen (pictured) lived together in the US, and despite his position at the World Bank, Lin has not been allowed back in Taiwan, ...

  5. Loans system revamp boosted amid lack of trust

    Posted Jul 31st 2012, 12:00am

    ... system- currently headed by the central bank and the nation's top planning agency- would be expanded to include members of 33 other party organs, central ministries and agencies. ... the public in businesses, particularly banking and financial businesses. However, little progress has been reported since a State Council document in 2007. ...

  6. quote of the week

    Posted Jan 11th 2010, 12:00am by Staff Reporter

    ... The 'people of these two countries' are the British and the Dutch. Iceland owes them a lot of money. Dutch and British people had saved their money in Iceland's banks. When the banks failed, ...

  7. ICAC accuses six of defrauding banks

    Posted Mar 16th 2011, 12:00am by Simpson Cheung

    ... Simpson Cheung The Independent Commission Against Corruption has charged six people with defrauding six banks by submitting bogus invoices to secure HK$178 million in short-term loans. The offences are said to have taken place between January 2006 and October 2008. The case arose from a corruption complaint. The six were due to appear at Eastern Court this morning, pending transfer ...

  8. Payouts likely to be made via bank accounts

    Posted Mar 05th 2011, 12:00am by Gary Cheung

    ... Gary Cheung and Fanny W. Y. Fung The government may distribute the HK$6,000 cash handout through personal bank accounts because of lower administrative costs, a person familiar ... recipients' own bank accounts because of lower costs. 'To avoid duplicating disbursement to people with more than one bank account, government departments, such as the Immigration Department, ...

  9. Fubon Bank shares up after buy-back offer

    Posted Jan 21st 2011, 12:00am by Lulu Chen

    ... Lulu Chen The share price of Fubon Bank (Hong Kong) rose to its highest level in more than two years yesterday after its parent offered to buy back shares at a premium to privatise the bank. The stock rose HK$1.10, or 29.1 per cent, to HK$4.88 when it resumed trading yesterday after a 10-day suspension. Fubon Financial Holding, Taiwan's second-largest financial services ...

  10. News - Asia - INDIA

    New Delhi to give 6 million mobile phones to the poor ahead of election

    Posted Aug 17th 2012, 12:00am by Amrit Dhillon

    ... Mobile in Every Hand' scheme is to boost mobile phone connections in rural areas. "We need more connections in remote areas so that we can make sure government services such as banking ... in India, only some 35 per cent are in rural areas. Very few of India's state-owned banks have branches in rural areas because opening and running a branch is not cost-effective, given ...




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