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  • September 19, 2014
  • Last updated: 10:51am
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  1. Business - Money

    Market Open:Hong Kong stocks seen higher as Huijin continues purchasing stake

    Posted Oct 10th 2012, 08:04am by Jeanny Yu

    ... Jeanny Yu Hong Kong stocks are expected to open higher, boosted by financial players as China's state-run investment arm increases its holdings in Chinese banks to shore up investor confidence in the onshore market. Hong Kong stocks are expected to o ...

  2. BOC drops bid for 20pc stake in Rothschild

    Posted Apr 03rd 2009, 12:00am by Staff Reporter

    ... because the mainland lender failed to obtain the relevant clearances, BOC spokesman Wang Zhaowen said yesterday. Mr Wang said the bank would not extend the deadline and the plan for an investment had lapsed. However, he added that the two banks would continue to seek co-operation in private banking and other business areas. BOC's A shares edged up 0.86 per cent to close at 3.52 ...

  3. BOC minibond probe completed, lawyer tells court

    Posted Mar 23rd 2010, 12:00am by Staff Reporter

    ... offered to repay investors between 60 and 70 per cent of their losses. Daniel Fung, for the SFC, yesterday told the court that Shek's understanding of the investigation into the BOC ...

  4. BOC gets nod to sell bonds to raise 40b yuan

    Posted Jun 01st 2010, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai Bank of China has received approval to sell 40 billion yuan (HK$45.65 billion) in convertible bonds on the Shanghai Stock Exchange this week, a sign that the nation's third-largest lender is hungry for cash to boost its capital ...

  5. BOC to launch clearing services for yuan trade

    Posted Jul 06th 2009, 12:00am by Denise Tsang

    ... and Shanghai Banking Corp. The agreement, signed over the weekend, marked another step forward for the yuan trade settlement scheme, which will help make the currency more international. BOC said its ... the announcement of yuan trade settlement rules by the People's Bank of China that became effective on Friday. BOC's Hong Kong branch was mandated as the sole clearing bank in the city to handle ...

  6. BOC books US$198m in US subprime losses

    Posted Apr 29th 2008, 12:00am by Staff Reporter

    ... said Merrill Lynch in a research report. BOC trimmed its US subprime asset-backed securities to US$4.43 billion at the end of last month, compared with US$5 billion at the end of last year, ... per cent less than in the same period a year earlier. Ivan Li Sing-yeung, an analyst with Kim Eng Securities, said the earnings were above expectations, since BOC had a relatively low business ...

  7. Delay move on Euro-Asia

    Posted Sep 18th 2003, 12:00am by Staff Reporter

    ... provisional liquidators. The move was supported by Chiyu Banking Corp, a BOC Hong Kong (Holdings) subsidiary, which petitioned to have Euro-Asia wound up after Yang Bin, who controls Euro-Asia, ...

  8. BOC chief warns of second wave from global meltdown

    Posted Jan 16th 2009, 12:00am by Martin Zhou, Nick Westra

    ... by professionals from the mainland's state-controlled financial sector on the outlook of global markets this year after the widespread carnage of 2008. Zhu Min, a vice-president of BOC, which holds ... of BOC's overseas portfolio, and that of the entire state-owned bank sector, has been understated, with a considerable portion of its overseas assets remaining off the balance sheets. Mr Zhu blamed ...

  9. BOC plans aggressive push in overseas financing

    Posted Feb 19th 2008, 12:00am by Staff Reporter

    ... good level,' BOC chairman Xiao Gang said yesterday, adding the bank was 'in a very good position to cash in on this situation' by expanding its financing operations overseas. Mr ... banks' domestic lending. As a way out, mainland commercial banks started reaching out globally to utilise their cash hoard, a move that only eased slightly as the global has economy slowed. BOC ...

  10. BOC investors fear subprime impact

    Posted Mar 24th 2008, 12:00am by Staff Reporter

    ... since then. The puzzle, however, is the size of the likely increase in provisions and this has not been helped by the fact that the bank has not given shareholders a profit forecast. 'BOC ... in the results. BOC's exposure to subprime debt investments, mainly high-risk mortgage loans and derivative contracts written on these assets, declined to US$7.95 billion at the end of September last ...




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