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  1. Citic Pacific interested in listing on Shanghai

    Posted Sep 17th 2009, 12:00am by Amanda Lee

    ... Amanda Lee Citic Pacific is the latest Hong Kong-listed mainland company pondering a Shanghai listing. 'We are interested in obtaining a listing in Shanghai, if regulations permit,' a spokesman for the red chip said. However, she declined to comment when asked whether Citic Pacific had hired Citic Securities to underwrite an offering. Citic Securities also declined ...

  2. Citic Pacific fiasco shows SFC needs more muscle

    Posted Apr 14th 2009, 12:00am by Enoch Yiu

    ... involving Citic Pacific. Many people may be surprised that the SFC is not already the top watchdog in the market. But on closer scrutiny, we find a lot of regulatory loopholes that prevent the SFC ... been no brokerage failures in today's financial crisis, thanks to the SFC. But could it have carried out the same health checks on Citic Pacific to ensure the firm had the risk-management ...

  3. Moody's downgrades Citic to junk investment

    Posted Jun 17th 2006, 12:00am by Denise Tsang

    ... Denise Tsang Moody's Investors Service has re-assigned mainland conglomerate Citic Pacific a Ba1 corporate rating and withdrawn a Baa3 issuer rating, effectively downgrading ... in the group's connections and experience there.' Citic, an indirect investment unit of the State Council, now faces higher borrowing costs as a result of its poorer debt rating. Ms Allen said ...

  4. Nina Wang buys into Citic 1616

    Posted Mar 17th 2007, 12:00am by Staff Reporter

    ... valued-service provider is being spun-off from Hong Kong-listed mainland conglomerate Citic Pacific, Ms Wang, Asia's richest woman, and Mr Ying took US$15 million in shares each, while ... this year's earnings, the document said. Twenty-three per cent of the shares are new while the remainder are being sold by parent company Citic Pacific, which is 29 per cent owned by the state ...

  5. Inside dealer 'based trades on own research'

    Posted Apr 25th 2012, 12:00am

    ... the prosecutor said Du could only have received approval because compliance staff had misheard Du, thinking he wanted to trade Citic Pacific, instead of Citic Resources. The hearing continues. 7 Du Jun ... In late 2006 and early 2007, Du was involved in helping his client, Citic Resources, to issue bonds to buy a Kazakhstan oilfield and to carry out oil hedging. As a result, Du received e-mailed ...

  6. Company exposed itself to high level of risk, say experts

    Posted Oct 22nd 2008, 12:00am by Staff Reporter

    ... Maria Chan Citic Pacific may not be the only company to unveil losses from foreign currency bets gone awry, but analysts say the currency hedges Citic chose exposed it to high risk. Citic ... concerns of similar cases. Citic Pacific's losses relate to currency hedges carried out through 'currency accumulators' as part of the firm's investment in an Australian iron ...

  7. HK$87m insider trader appeals against conviction

    Posted Jul 23rd 2011, 12:00am

    ... approval to trade from the bank's compliance section after staff mistakenly assumed that he wanted to trade shares in Citic Pacific, not Citic Resources. Morgan Stanley learned about ... John Griffiths represented Du, who has a master's degree from Columbia University. Beijing-born Du was found guilty of insider trading and of advising his wife, Li Xin, to deal in Citic ...

  8. Loss is a lesson for risk managers and regulators

    Posted Oct 22nd 2008, 12:00am by Staff Reporter

    ... Since the subprime-mortgage crisis began a little over a year ago, people have become inured to stunning losses by banks and large corporations. Nevertheless, Citic Pacific ... These incidents raise serious questions about the internal risk controls and corporate governance of our largest corporations. So far, Citic has offered an extremely unconvincing explanation ...

  9. Reporting this week

    Posted Mar 26th 2012, 12:00am

    ... Energy, China Mengniu Dairy, Chow Sang Sang, CNNC International, Cosco Pacific, Gome Electrical Appliances, Grand Concord International, Kingsoft Corporation, Noble House, SCMP Group, Vinda ... of China, BOC Hong Kong, Cheung Kong, China Merchants Holdings (International), Citic Securities, Great Wall Technology, Hutchison Whampoa, Tsingtao Brewery March 30 Interim: Yueshou Environmental ...

  10. Postal bank scandal kills mega IPO hopes

    Posted Jun 14th 2012, 12:00am

    ... in the hope of landing such deals. The latest example came this week when Goldman Sachs appointed a new chairman for Asia-Pacific operations and based him in Beijing, the first major international ... homegrown Chinese investment banks- China International Capital Corporation (CICC) and Citic Securities- have already established close ties with PSBC, according to industry insiders. CICC was hired ...




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