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  • September 24, 2014
  • Last updated: 7:33am
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  1. Business - Banking & Finance - FINANCE

    Like Bank of China, Citic Bank also offers service branded 'money laundering' by CCTV

    Posted Jul 09th 2014, 03:58pm by DON WEINLAND, George Chen

    ... Don Weinland and George Chen CCTV accuses Bank of China of providing money laundering service Citic Bank also moves money overseas, say sources A day after Bank of China (BOC) was accused ... the movement of currency overseas, including Hong Knog. "It is definitely not an illegal business," said one source. "Both BOC and Citic Bank have been able to do this business only ...

  2. Business - Banking & Finance - BANKING

    Bank of China posts sharply lower profit growth

    Posted Aug 24th 2012, 12:00am by Lulu Chen

    ... that while BOC's results were in line with industry trends, an uptick in overdue loans and bad debt in Zhejiang province raised red flags. Total overdue loans, which are not yet classified ... aside in the year-earlier half. BOC's income from fee-based businesses, such as trade finance and services, dropped 2 per cent to 34.3 billion yuan in the first half, mainly because ...

  3. Business - Companies - AVIATION

    Chinese place a third of Airbus A320 orders at Farnborough Airshow

    Posted Jul 18th 2014, 02:57am by SIJIA JIANG

    ... family aircraft worth US$7.7 billion. This follows an order on Wednesday for 43 A320 planes from BOC Aviation, the offshore aircraft leasing subsidiary of Bank of China based in Singapore. The deal is estimated to be worth more than US$4 billion. Aircraft from the A320 family, including the A320neo variants, are Airbus' best-selling product in the single-aisle market. BOC ...

  4. In Brief

    Posted Feb 07th 2009, 12:00am by Staff Reporter

    ... BOC Hong Kong executive retires BOC Hong Kong (Holdings) said Raymond Lee Wing-hung, executive director and chief financial officer, will retire in June. A panel chaired by independent non-executive director Victor Fung Kwok-king will seek a replacement. Maria Chan ...

  5. Business - Companies - LISTINGS

    WH to raise HK$15b in heavily oversubscribed IPO

    Posted Aug 04th 2014, 10:54am by Toh Han Shih

    ... to investors from a record 29 investment bank bookrunners. In contrast, Tuesday’s IPO is sponsored by only BOC International and Morgan Stanley. Existing shareholders of WH – including Chinese private ...

  6. Business - Money - EARNINGS

    Jump in bad loans sparks sell-off in Chongqing Rural Commercial Bank shares

    Posted Aug 19th 2014, 01:27am by DON WEINLAND

    ... increasingly cautious in lending this year, Yuanta Securities analyst Erin Lee said, adding the country's biggest state banks were likely to write off their bad loans. BOC Hong Kong (Holdings) ...

  7. Property - International - REGULATION

    Curbs on funds transfer could hurt Chinese investment in overseas property

    Posted Jul 22nd 2014, 11:48am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Property consultants split over effect of government move to tighten remittances in wake of alleged forex breaches by BOC Curbs on funds expected to hurt ... in the country. The State Administration of Foreign Exchange was reported to have temporarily shut down BOC's Youhuitong remittance service last week, days after state broadcaster China Central ...

  8. For tickets, standing in line beats going online

    Posted May 06th 2008, 12:00am by Staff Reporter

    ... by the close of business. A BOC branch manager said the ticket sales took up a lot of resources. 'Everyone could buy up to six tickets, and our people had to go through the selection process ... Olympic tickets available yesterday, but going to BOC branches was a better bet than the Games' official ticket-sales website. Customers could log on to the site and select tickets, ...

  9. Key investors get US$1.9b of BOC float

    Posted May 03rd 2006, 12:00am by Staff Reporter

    ... the limit. BOC, which began pre-marketing its float yesterday, intends to sell its shares at a discount to its Hong Kong-listed mainland peers such as Bank of Communications and China Construction Bank Corp, says a report by BOC International. BOCI, Goldman Sachs and UBS are the bookrunners. In the report, BOCI said the bank might float its shares at two to 2.3 times their estimated book ...

  10. Six in plot remanded

    Posted Sep 05th 2008, 12:00am by Staff Reporter

    ... Chandra Wong Six people convicted of conspiracy to commit fraud with jailed Shanghai property tycoon Chau Ching-ngai over a HK$2.15 billion loan were remanded in custody yesterday pending sentencing this afternoon. District Court Judge Colin Mackintosh di ...




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