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  1. News - China - FINANCE

    Savers boosting bitcoin demand in China, exchange says

    Posted Nov 15th 2013, 05:26pm by Agence France-Presse in Singapore

    ... of China’s biggest bitcoin exchange on Friday said there were “boundless opportunities” for the digital currency in the country because of the Chinese saving ethic. “The main reason why bitcoin has become big in China is because Chinese people are savers, and more people are seeing bitcoin as a way to store and invest their money,” Linke Yang, vice-president of BTC China, told reporters ...

    http://www.scmp.com/news/china/article/1356753/savers-boosting-bitcoin-demand-china-exchange-says
  2. Party congress to cloud local market sentiment

    Posted Oct 15th 2007, 12:00am by Staff Reporter

    ... Frederick Yeung Support for HSI seen at 28,000 as tightening prospects loom Trading resumes under a cloud of uncertainty on the Hong Kong stock market this week as investors await policy announcements from the 17th National Congress of the Communist Party that starts today. On the cards, many fear, are more measures to cool the pace of economic growth and pre-empt a sharp rise ...

    http://www.scmp.com/article/611623/party-congress-cloud-local-market-sentiment
  3. News - Business - FINANCE

    Australia to invest foreign currency assets of A$1.9b in Chinese bonds

    Posted Apr 25th 2013, 12:00am by Victoria Ruan

    ... Australia to buy Chinese bonds Australia's central bank plans to invest about 5 per cent of its foreign currency assets, or A$1.9 billion, in Chinese government bonds due to the growing ... in China, the RMB is likely to become one of the major reserve currencies of the region," he said. Li Wei, a Standard Chartered Bank economist, said: "The Chinese authorities have been ...

    http://www.scmp.com/news/article/1222352/australia-invest-foreign-currency-assets-a19b-chinese-bonds
  4. Princeling manager to exit citic securities

    Posted Jun 13th 2012, 12:00am

    ... the private equity company through a transitional period, reassuring its investors that it is business as usual. Liu, 39, is the son of Liu Yunshan, a powerful Communist Party official in charge of ideology and propaganda. The elder Liu is also a member of the Politburo, the party's top leadership group. He is widely tipped to become one of the members of the Politburo Standing ...

    http://www.scmp.com/article/1003833/princeling-manager-exit-citic-securities
  5. Save street markets, party urges

    Posted Jul 26th 2007, 12:00am by Staff Reporter

    ... The Civic Party, which made the call, said the markets and their cultural value were threatened by aggressive redevelopment projects and a stagnant hawker policy under which no new licences were issued. The party is campaigning to save the Graham Street market in Central, which is to be removed under an Urban Renewal Authority plan. A spokesman for the Development Bureau said ...

    http://www.scmp.com/article/601789/save-street-markets-party-urges
  6. Vehicle insurers gain reprieve on third-party policy liability

    Posted Jun 18th 2004, 12:00am by Staff Reporter

    ... vehicle policies. The Chinese Road Traffic Law, which came into effect last month, makes third-party motor vehicle liability insurance (TPL) mandatory for all drivers nationwide. That is considered good news for insurers, who can now count on a guaranteed source of premium revenue. However, the new law also dramatically expands the liability of parties causing death or injury ...

    http://www.scmp.com/article/459966/vehicle-insurers-gain-reprieve-third-party-policy-liability
  7. Beijing will prefer financial repression to liberalisation

    Posted Feb 28th 2012, 12:00am

    ... the Communist Party has maintained its economic primacy over the last two decades despite the massive changes that have swept the mainland. By keeping interest rates artificially low and retaining tight ... a part of the Communist Party's power base as its vast security apparatus. What's more, it has allowed senior officials, their families and cronies to grow obscenely wealthy ...

    http://www.scmp.com/article/993933/beijing-will-prefer-financial-repression-liberalisation
  8. Business - Banking & Finance

    Worlds apart on pay scale

    Posted Aug 23rd 2012, 12:00am

    ... and other large state-owned banks and companies are assigned by the Communist Party's central organisation unit. The executives, who are also party members, are under the oversight of its ... top executive US$9,400. That pay-to-performance gap is set to widen this year. The state-controlled Chinese lender, led by chairman Jiang Jianqing, may post second-quarter net income ...

    http://www.scmp.com/business/banking-finance/article/1021281/worlds-apart-pay-scale
  9. Identity sold for a quick profit

    Posted Mar 18th 2012, 12:00am

    ... Philip Bowring A sense of identity rooted in history is an essential element in any institution's or country's long-term success. The great crime of the Communist Party, notably ... of Cantonese and traditional Chinese script, are all part of identity. So it is doubly disappointing to see the lack of a sense of long-term identity on display recently, as well ...

    http://www.scmp.com/article/995877/identity-sold-quick-profit
  10. Sohu chief calls for wealth to be properly recognised

    Posted Sep 19th 2003, 12:00am by Mark O'Neill

    ... excesses of the communist period. Charles Zhang Chaoyang heads one of three Chinese Internet companies listed on the Nasdaq. He was speaking at a panel of private entrepreneurs on the last day ... to a contradiction that has existed since the party lifted its 30-year-old ban on the private sector in the early 1980s. For the past three years, the National People's Congress, dominated by Communist ...

    http://www.scmp.com/article/428363/sohu-chief-calls-wealth-be-properly-recognised

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