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  • August 24, 2014
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Results 1 - 10 of 29 for bernard chan

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  1. Business - Banking & Finance - FINANCE

    Every penny of HK$3 trillion Exchange Fund needed for ‘crises’, says HKMA chief

    Posted Jul 29th 2014, 01:50am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com HKMA chief Norman Chan says not one cent of the HK$3 trillion reserve can be spared for government spending on welfare or infrastructure Exchange Fund ... for infrastructure projects or welfare. Norman Chan Tak-lam, the chief executive of the Monetary Authority, said the fund needed every cent to cope with unexpected financial crises. Some HK$800 billion ...

  2. News - Business - FINANCE

    Pawnshop launches IPO in bid to raise some cash of its own

    Posted Feb 27th 2013, 12:00am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Lender Oi Wah seeks to raise funds with an initial public offering that's unique in city's financial market Pawnshop in bid to raise some cash of its ... "The lengthy and complicated credit-approval process at local banks has created opportunities for us," chairman and chief executive Edward Chan told a media briefing yesterday. The lengthy ...

  3. News - Business - FINANCE

    Charoen Pokphand insists it has funds to buy HSBC stake in Ping An

    Posted Jan 12th 2013, 12:00am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Thai conglomerate denies that its purchase of HSBC's stake in mainland insurer has soured, and regulators are still considering the matter C.P. says it has funds to close Ping An deal Thailand's Charoen Pokphand Group yesterday issued a statement reaffirming that it had the means to acquire HSBC's US$9.4 billion stake in Ping ...

  4. Business - Banking & Finance - FINANCE

    Banking chief Benjamin Hung warns of 'turning point' in interest rates

    Posted Jan 02nd 2013, 12:00am by Ray Chan

    ... Ray Chan Ray.chan@scmp.com Chairman of city's bankers' association warns that the cost of borrowing could rise suddenly as US unemployment drops to pre-crisis levels US recovery 'to spark turning point in rates' Hong Kong's banking association has warned that the risk of higher interest rates will rise as the US economy improves and the Federal Reserve links ...

  5. Business - Banking & Finance - FINANCE

    Hong Kong Monetary Authority chief pledges support for US dollar peg

    Posted Jul 07th 2014, 11:27pm by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com HKMA chief pledges support for US dollar peg Hong Kong Monetary Authority chief executive Norman Chan Tak-lam said yesterday that he would continue to support ... central banker- came a week after the authority spent US$2.1 billion to defend the Hong Kong dollar by intervening in the foreign exchange market. Chan rejected calls to abolish the peg, which ...

  6. News - Hong Kong - FINANCE

    Hong Kong trumps Singapore in yuan hub race with Hopewell IPO

    Posted Oct 25th 2012, 12:00am by Ray Chan

    ... Ray Chan and Lulu Chen City chosen for second yuan-denominated IPO, as island state loses deal HK trumps Singapore as yuan hub HK widens yuan hub lead over Singapore Hong Kong 2, Singapore 0. That was the score yesterday, as Hong Kong widened its lead over Singapore in the race to be the leading offshore yuan hub. Toll road operator Hopewell Highway Infrastructure began its ...

  7. News - World - FINANCE

    No revenue, no assets, yet worth US$billions: stock regulators pull plug on social networking firm

    Posted Jul 13th 2014, 06:32am by GUARDIAN, Bloomberg, Reuters

    ... such as celebrities, business owners, and talented IT professionals". The front page features a host of stars, including Angelina Jolie, Channing Tatum and Johnny Depp, although there is no evidence ...

  8. Business - Banking & Finance - FINANCE

    Leading mainland China brokers set for new dawn in Hong Kong

    Posted Jun 04th 2014, 05:08am by Reuters

    ... market and full coverage of over 1,000 listed-companies, while foreign investment banks only have a selection of about 100 companies," said Rex Chan at Chinese broker Industrial ...

  9. News - Hong Kong - FINANCE

    Hong Kong property cooling measures won’t ease ‘until US interest rates rise’

    Posted May 19th 2014, 11:43pm by NICK EDWARDS AND ENOCH YIU

    ... for Financial Services and the Treasury Chan Ka-keung. He described the stamp duties designed to hold back real estate speculation as "extraordinary measures for extraordinary times". And he said: "Clearly, this is not a time for unwinding." I don’t want to say this single factor will trigger the unwinding CHAN KA-KEUNG When pushed on the question of whether the end ...

  10. Business - Banking & Finance - FINANCE

    Hong Kong court orders Ernst & Young to hand over mainland audit papers

    Posted May 23rd 2014, 11:37pm by Enoch Yiu

    ... Institute of Certified Public Accountants, Clement Chan, said the ruling clarified the powers of the regulator. "But it has not solved the disputes between China and the overseas regulators, ... the international regulators force us to do so," Chan said. ...




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