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  • September 1, 2014
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  1. News - China - FOOD SAFETY

    GM foods in limbo in China as safety certificates expire

    Posted Aug 18th 2014, 05:36am by MANDY ZUO

    ... Mandy Zuo mandy.zuo@scmp.com Rice-tasting events continue as developers await nod for commercial sales GM foods in limbo as papers expire Safety certificates for the only homegrown ... Advocates of GM rice hold tasting events in China The ministry issued the certificates for one GM corn and two GM rice varieties five years ago to great controversy because they were the first ...

  2. Business - Banking & Finance

    Beijing vows to insure bank deposits in push to liberalise interest rates

    Posted Mar 07th 2014, 01:12am by BLOOM

    ... based on weighted average costs charged to the best clients by nine major mainland lenders and in December, it allowed banks to sell negotiable certificate of deposits with yields set ... Bloomberg in Shanghai Banks will be granted more power to set interest rates as part of financial reforms Beijing vows to insure deposits The mainland plans to set up a system for insuring ...

  3. Business - Banking & Finance - CURRENCIES

    Bets on appreciation no longer the driver of yuan deposits in Hong Kong

    Posted Mar 25th 2014, 01:32am by Jeanny Yu

    ... certificates of deposit in the city totalled more than 1 trillion yuan (HK$1.25 trillion) at the end of last year, accounting for 70 per cent of the global offshore yuan liquidity pool. Expectations ... Jeanny Yu jeanny.yu@scmp.com Interest rate difference and the city's economic growth have become the driving forces behind the rise in yuan deposits in offshore markets Hopes ...

  4. Business - Money

    Lenders freeze Fujian Nuoqi deposits as hunt for chairman continues

    Posted Aug 20th 2014, 11:27am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Nuoqi bank deposits frozen Troubled mainland menswear retailer Fujian Nuoqi said several banks had frozen its deposits and demanded repayment of 454.5 million ... of the company's accounts shortly after its HK$319.5 million initial public offering in January. The company is unable to make cash dividend payments to shareholders. The company also said cash deposits ...

  5. News - China - PHILANTHROPY

    'I want my money back!' Chen Guangbiao cries foul over fake UN philanthropy certificate

    Posted Jul 08th 2014, 03:21pm

    ... mainland philanthropist Chen Guangbiao claimed he was deceived by an organisation that issued him a fake United Nations certificate for the honorary title of the “world’s most prominent ... and the “global peace and goodwill ambassador” for his generosity to the homeless New Yorkers. But the certificate, coming after Chen had made a US$30,000 donation, turned out to be a fraud. In the latest ...

  6. Business - Banking & Finance - CURRENCIES

    Yuan deposits set to outpace Hong Kong dollar, HSBC says

    Posted Dec 03rd 2013, 05:45am by KANIS LI

    ... the globe and the long-awaited removal of the 20,000 yuan daily conversion limit in the city. HSBC expects the pool of yuan in Hong Kong, including customer deposits and certificates of deposit ... Kanis Li Kanis.li@scmp.com HSBC says expansion of the mainland currency globally is spurring its greater use in the city, with total deposits expected at 30pc by 2015 Yuan deposits set ...

  7. News - China - CHARITY

    Philanthropist Chen in threat to sue New York charity over 'fake' UN certificates bearing honours

    Posted Jul 10th 2014, 04:39am by Andrea Chen

    ... in threat to sue N.G.O. A row between the controversial Chinese philanthropist Chen Guangbiao and a New York-based NGO over a supposedly "fake" United Nations certificate of honours escalated yesterday with the billionaire vowing to take the matter to court. Chen was awarded a certificate with the honorary titles of "world's most prominent philanthropist" ...

  8. Beijing to issue farmers land-use rights certificates

    Posted Nov 05th 2008, 12:00am by Josephine Ma

    ... Josephine Ma Farmers are to be issued certificates stating their permanent land-use rights, according to a senior agricultural official. Huang Yanxin, deputy director of the Department of Sectoral Policy and Law under the Ministry of Agriculture, said the certificates would not specify lease duration. A policy blueprint issued by the third plenum of the Central Committee ...

  9. Business - Money - BANKING

    China’s Big Four lenders have 1.5tr yuan gap in deposits

    Posted Aug 05th 2014, 07:31pm by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Holdings decline as lenders create 'artificial deposits' to meet requirements Deposit gap widens to 1.5tr yuan in China Tighter liquidity on the mainland may have driven a 1.5 trillion yuan (HK$1.9 trillion) gap in deposits at the country's Big Four banks between June and July, highlighting the lenders' practice of creating ...

  10. Comment - Insight & Opinion - JAKE'S VIEW

    Why HK needs to be cautious about deposit guarantee

    Posted Aug 04th 2014, 03:14pm by Jake Van Der Kamp

    ... of the global financial crisis in 2008, when the Government, in October that year, provided a full guarantee for all deposits in Hong Kong through the Exchange Fund, total deposits amounted to HK$5.8 ... Tak-lam, Blog, HKMA   I can't remember if that guarantee on all deposits is still in place. But, if not, it doesn't really change things. In good times we don't need ...




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