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  • October 21, 2014
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  1. Indian bank to open two more branches in China

    Posted Mar 07th 2012, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com State Bank of India (SBI) is moving ahead of its domestic rivals, with plans to open two more branches on the mainland, aiming to further profit from booming Sino-Indian trade, which is expected to top US$100 billion in three years. Chairman Pratip Chaudhuri said yesterday that the largest bank in India was giving the China market ...

  2. Licence surge to open market for marine fuel

    Posted Jul 09th 2011, 12:00am

    ... by China to increase its share of the global marine fuel supply by forcing its domestic players to improve their efficiency through greater competition. The Ministry of Commerce is reviewing the applications of five contenders, said Zhang Jianshu, general manager of industry leader China Marine Bunker. He was speaking at the Asia Bunker Conference, organised by CBI China. The firm, also known ...

  3. B.O.C. tipped to open Shanghai headquarters

    Posted Feb 22nd 2012, 12:00am

    ... the bank's headquarters to Beijing. Once the Shanghai headquarters of Bank of China was open for business, the bank's Beijing headquarters would focus more on administrative and management ... George Chen george.chen@scmp.com The Bank of China, one of the country's Big Four state lenders, plans to set up a second headquarters in Shanghai next month, a move seen ...

  4. Banking regulator to slow opening of sector

    Posted Apr 21st 2008, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai and Maria Chan CBRC feels pressure to protect domestic players The China Banking Regulatory Commission (CBRC) will slow down in opening up the banking sector this year amid growing pressure on the government to protect homegrown lenders, sources said. The regulator delayed approving at least two outlets to be opened by foreign banks, the South China ...

  5. ICBC secures clearance to open first US branch in New York

    Posted Aug 07th 2008, 12:00am by Staff Reporter

    ... Natalie Chiu Industrial and Commercial Bank of China, the nation's largest lender by market value, has won approval from the United States Federal Reserve to open a branch in New York, its first in the world's biggest economy. The approval for ICBC follows rival China Merchants Bank's move in November last year to open a US branch and reflects a growing ...

  6. Bank of East Asia still open to new investors

    Posted Jan 14th 2008, 12:00am by Staff Reporter

    ... mainland sovereign fund China Investment Corp - and is weighing the option of a restructuring plan to spin off subsidiaries, said chairman and chief executive David Li Kwok-po. Speaking on Saturday ... (China). BEA incorporated its mainland operations last year. Apart from its core banking business the group also generates revenue from share registry and corporate services through subsidiary ...

  7. As HSI door swings open, the risks widen

    Posted Mar 04th 2007, 12:00am by Staff Reporter

    ... Services, took the revolutionary step of allowing H shares into the main Hong Kong stockmarket benchmark, it opened the door wider last month, announcing that it might add more than a dozen ... mainland constituents to 50 from the current 36, other H-share companies won't be far behind. According to analysts, some of the likely candidates are PetroChina, Shenhua Energy, and China ...

  8. Adidas to open its largest store worldwide in Beijing's Sanlitun

    Posted Aug 01st 2007, 12:00am by Enoch Yiu, Peggy Sito

    ... Enoch Yiu and Peggy Sito Sports footwear and apparel retailer Adidas will open its largest store worldwide in a Sanlitun retail development owned by Swire Properties and Gateway Capital ... was confident that the retail market in Beijing would support the new outlet, which had been targeted to open for business in the first quarter of next year. The location would be a magnet ...

  9. Door open to HK engineers

    Posted Sep 04th 2004, 12:00am by Frank Longid

    ... being the priority, there is increasing demand for engineering talent on the mainland,' Mr Kwan said. The Hong Kong Institute of Engineers has secured reciprocal recognition with China ... he said. There are 1,000 members of the institute on the mainland but Hong Kong engineers have not been able to join design institutes in China or be directly responsible for engineering ...

  10. Power firms urged to face opening of market positively

    Posted Mar 27th 2006, 12:00am by Staff Reporter

    ... Ng Kang-chung CLP Power and Hongkong Electric, which have been fighting to block the opening up of the city's electricity market, have been told to be prepared for changes. Deputy Secretary for Economic Development and Labour Howard Lee Tat-chi said yesterday it was unrealistic to expect no changes in the market. Speaking after an electricity market forum, Mr Lee said opening ...




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