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  • October 25, 2014
  • Last updated: 10:45am
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Results 1 - 3 of 3 for cecil chao

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  1. Business - Banking & Finance - BANKING

    Worried depositors descend on Jiangsu bank amid insolvency rumours

    Posted Mar 26th 2014, 05:29am by Daniel Ren

    ... concerns after they rushed to withdraw money at one of its branches following rumours that it was insolvent. "Rumours about our solvency triggered the chaos," an official with the lender, ... depositors was continuing, the official admitted. He said the bank was trying its utmost to stop the situation from developing into chaos. "We are a legal bank licensed by the China Banking ...

  2. Business - Banking & Finance - BANKING

    Concerns over a collapse in China’s underground banking sector resurface

    Posted Apr 09th 2014, 10:07am by DANIEL REN IN SHANGHAI

    ... with Jiangsu Sheyang Rural Commercial Bank admitted that the mainland's underground banking system was the cause of the chaos. "The thing is why so many people would buy the rumour," ...

  3. Business - Banking & Finance - BANKING

    Guarantor repays principal on failed Huaxia product

    Posted Jan 23rd 2013, 12:00am by Daniel Ren

    ... been speculated that the mainland's banking regulator would force Beijing-based Huaxia Bank to repay investors so as to avert social chaos, since the scandal had tainted the reputation ...



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