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  • April 25, 2014
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  1. News - China - BANKING

    Bank of China vice-president resigns after allegations of affairs

    Posted Apr 19th 2014, 01:54pm by Staff Reporter

    ... Staff reporter Bank of China vice-president Wang Yongli resigns after being probed by the party's disciplinary body, which suspends him for unrelated issues Top manager quits despite being cleared of graft A vice-president of China's fourth-larg ...

  2. Business - Economy - CURRENCIES

    China and UK in talks over London yuan clearing bank

    Posted Feb 20th 2014, 11:16am by Jeanny Yu

    ... business and cementing the Western city's leading position in the global offshore yuan hub race. London would be the fourth location outside the mainland, after Hong Kong, Taiwan ... Chancellor of the Exchequer George Osborne said in a speech to business leaders in Hong Kong yesterday. "Ultimately what we all want to see is RMB being used more and more as a currency ...

  3. Business - Banking & Finance - CURRENCIES

    BOC Hong Kong fends off new competition in yuan trading

    Posted Feb 17th 2014, 04:47am by KANIIS LI, Jeanny Yu

    ... to demand from overseas customers, especially from the United States. "We now have 217 participating banks and hope to add more," BOCHK's head of yuan business Yang Ruhai told the South China Morning Post. The BOCHK's swift move to increase more market participants in the offshore yuan business is a reaction to intensifying competition. It is seen as a pragmatic sign ...

  4. Business - Banking & Finance - CURRENCIES

    London challenges Hong Kong with BOC's yuan bond

    Posted Jan 09th 2014, 01:49pm by Jeanny Yu

    ... "Hong Kong's market share in the yuan debt business would drop a bit from the high levels seen so far, with more new centres catching up. It would be natural for European issuers to choose ... subscribers, according to the bank. "London has two challenges in developing its offshore RMB business. One is that the city doesn't have a local clearing bank, though talks on this have ...

  5. Business - Banking & Finance - REMUNERATION

    Hong Kong employees at Asian banks expecting strong bonus season

    Posted Jan 07th 2014, 09:55am by George Chen, KANIS LI

    ... George Chen and Kanis Li Unlike their Western rivals, regional financial companiesare expected to offer fat rewards Asian banks to give bonus surprise Many Hong Kong-based employees of Asian financial companies, including mainland banks and securities firms that have expanded their offshore business in the city in recent years, may enjoy a better bonus season this year than ...

  6. Business - Money - SETTLEMENT

    Bank of China to expand yuan business in UK

    Posted Nov 26th 2012, 12:00am by Enoch Yiu

    ... to expand U.K. yuan trade Bank of China to expand yuan business in UK Bank of China plans to expand its yuan business in London as the city embarks on an ambitious plan to establish itself as the West's major centre for trade of offshore yuan. "Yuan business is definitely a hot topic here in London, since the British government and the City of London are both keen to develop London ...

  7. Business - China Business

    Business Digest, September 25, 2012

    Posted Sep 25th 2012, 12:00am by STAFF

    ... BOC forecasts growth will beat official target Bank of China predicted mainland economic growth will reach about 8 per cent this year, higher than the government's target of 7.5 per cent. BOC forecast the central bank will cut banks' reserve req ...

  8. HK banks may suffer for risky business

    Posted Jan 11th 2012, 12:00am

    ... ratios, analysts said. The rating agency Fitch warned in October that smaller Hong Kong banks were tempted to expand into the riskier business of mainland-related loans and were subsequently ...

  9. Business - Banking & Finance - CURRENCY PRODUCTS

    Bank of China targets yuan markets in West

    Posted Oct 28th 2013, 04:33am by Jeanny Yu

    ... Institutional Investor) scheme. The asset manager, whose parent is the sole clearing bank for yuan business in Hong Kong, is set to launch an RQFII equity fund focusing on the onshore A-share market ... 10 billion yuan, and Luxembourg 40 billion yuan. "At the initial stage, fund managers with well-developed distribution channels will be the early winners in yuan business," BOCHK ...

  10. News - China

    Quest for justice in Israel suicide bomb death opens web of intrigue

    Posted Nov 02nd 2013, 03:50am by Reuters and staff reporter

    ... of the family, says their only dealing with Islamic Jihad was when they wired them money to pay for a consignment of school bags for a charity. "We are shocked at what happened. We lost our business ...




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