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  1. 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 ...

  2. BOC set to stay open for longer

    Posted Aug 04th 2006, 12:00am by Staff Reporter

    ... Maria Chan Bank of China (Hong Kong), the city's second-largest banking group, will extend the opening hours of 12 branches on Thursdays and Fridays after it introduces a five-day ... for a five-day work week. Some, like HSBC, Standard Chartered Bank (HK) and Bank of East Asia, will open branches on Sundays and extend opening hours at selected branches on Saturdays. DBS Bank (Hong ...

  3. Mainland government is opening skies for airlines

    Posted Sep 29th 2008, 12:00am by Andrea Li

    ... China's air space to foreign players. One of the latest agreements, signed last year, was the United States-China Cargo Open Skies Agreement which gives United Parcel Service and FedEx Express ... with the signing of more new traffic rights agreements. 'The US-China Cargo Open Skies Agreement will be just one of many,' he added. Under the Chinese government's latest five-year plan, ...

  4. Opening of sponsors market points to a loss of control

    Posted Apr 02nd 2011, 12:00am

    ... to verify whether a business is legal in the mainland. Some of these verifications are quite eye opening. One was in the prospectus of a privately owned aluminium producer China Hongqiao Group which ... to the recent opening up of our market to mainland professionals, the sponsor is becoming the only one left to answer their questions or to face the heat in case of foul play. Mainland professionals, ...

  5. Hang Seng Bank eyes openings in Taiwan

    Posted Aug 06th 2008, 12:00am by Enoch Yiu

    ... executive Raymond Or Ching-fai. 'Greater China area will be our focus,' Mr Or said at a post-results media briefing yesterday. 'We have no desire to buy into the United States ... by year-end. 'We will definitely lift our profit contribution target for China though we have not yet fixed a number,' he said. 'What we are sure of is that profit contribution from ...

  6. 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 ...

  7. China's pledge sparks rally in Asia

    Posted Feb 16th 2012, 12:00am

    ... May Chan may.chan@scmp.com China's promise to help Europe out of its financial woes lifted stock markets across Asia yesterday, but its own market continued to underperform the region. The MSCI Asia Pacific Index rose 1.9 per cent to 127.34 points, a half-year peak, after the People's Bank of China said Beijing was ready to be more involved in resolving the European ...

  8. China Citic to earmark 12b yuan for reserves

    Posted Apr 09th 2011, 12:00am

    ... Lulu Chen in Singapore China Citic Bank, the seventh-biggest mainland lender by assets, said yesterday it would need to set aside 12 billion yuan (HK$14.23 billion) to meet new ... weightings for local government loans not fully backed by cash flow. This refers to projects in which there is a risk that the borrowers may not be able to fund interest payments. China Citic Bank ...

  9. Boost for yuan to reboot market enthusiasm

    Posted May 23rd 2012, 12:00am

    ... department of the People's Bank of China, said now was a good time to expand internationalisation and open the country's capital account, according to a mainland publication, the Financial ... market liquidity.' China also launched a cross-border yuan centre in Ruili, in the southwest province of Yunan, bordering Myanmar, yesterday, as the formerly isolated country opens up ...

  10. More overseas SMEs open offices in Hong Kong

    Posted May 14th 2012, 12:00am

    ... May Chan may.chan@scmp.com Weakening domestic demand has prompted a growing number of international small- and medium-sized enterprises to open offices in Hong Kong to tap into robust ... in opening Hong Kong offices because of sluggish demand in their home markets, he said. Businesses in Japan had to wrestle with the erosion of their export competitiveness caused by a strong yen. ...




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