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  • August 23, 2014
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  1. Shanghai lifts currency ban for auction deposits

    Posted Feb 20th 2009, 12:00am by Sandy Li

    ... Sandy Li Shanghai has lifted a ban on using foreign currency to pay for initial deposits in a government auction next month, underscoring its eagerness to lure cashed-up foreign developers ... foreign currencies, the US dollar, Hong Kong dollar, euro and yen, as deposits for the auction of a prime site next month. Up for grabs is an 8,793 square metre commercial site in Jingan district ...

  2. Crisis, consent failure spell end for CKI iron sands deal

    Posted Dec 18th 2008, 12:00am by Denise Tsang

    ... a victim of the global financial crisis. The New Zealand government, whose Overseas Investment Office had to approve the deal, declined to give its consent. It also said that CKI found its planned ... analysts said that a rapid and sharp decline in commodity prices and currency exchange rates had prompted CKI to walk away from the deal. Since the deal was signed on August 26, the New Zealand ...

  3. Crisis veteran tackles the China syndrome

    Posted Jun 07th 2004, 12:00am by Staff Reporter

    ... Pakistan to New Zealand. Yet, time and motion seem not to have dulled a memory he dubs the 'banking equivalent of Stalingrad'. The crippling consequences of a currency devaluation ... 'I could write a book on crisis management. It was lonely at times, but I always had the complete support of head office. And I think HSBC probably handles these things better than any other ...

  4. Chinese banks may not be as solid as they look

    Posted Jan 19th 2009, 12:00am by Tom Holland

    ... Beijing to support the economy. Last month, the banking system extended new domestic currency loans worth 772 billion yuan (HK$877 billion)- a 14-fold increase over December 2007- after granting ...

  5. Speculators push HK dollar to 6-year high

    Posted Sep 24th 2003, 12:00am by Enoch Yiu

    ... Monetary Authority sells $466 million in effort to take pressure off the currency The Hong Kong dollar yesterday rose to its highest level against the US dollar since before the Asian financial crisis as investors speculated that international pressure for stronger regional currencies could force an appreciation of the local unit. Foreign banks bought billions of Hong Kong ...

  6. Despite dollar doldrums, Asian central bankers have little choice

    Posted Feb 26th 2005, 12:00am by Tom Holland

    ... in the currency of the world's richest economy. The cause of the jitters is the huge pot of foreign exchange reserves that Asia's central banks have accumulated since the regional crisis ... currency into a tail-spin on Tuesday. Then, news leaked out of a closed-door meeting in Bangkok of something called the Asian Bellagio Group, a secretive gathering of regional finance ministry ...

  7. Xiamen seeks approval to set up sole currency settlement centre

    Posted Jun 16th 2009, 12:00am by Denise Tsang

    ... for the official currencies in the two markets, according to Xiamen vice-mayor Ding Guoyan. As a core part of closer cross-strait co-operation in finance and trade, the coastal mainland city was seeking ... southeastern Fujian aims to buoy business and financial and cultural exchanges as well as human relationships across the straits. Xiamen's aggressive push in the currency settlement scheme rivals ...

  8. Xiamen eyes hub role in currency settlement

    Posted Jun 16th 2009, 12:00am by Denise Tsang

    ... Denise Tsang in Zhangzhou Xiamen, a major city in Fujian province, is seeking to forge closer financial ties with Taiwan by applying to be the mainland's first and only settlement centre for the official currencies in the two markets, according to Xiamen vice-mayor Ding Guoyan. As a core part of closer cross-strait co-operation in finance and trade, the coastal mainland ...

  9. Deal to buy National Currency falls through

    Posted Jan 16th 2004, 12:00am by Alan Aitken

    ... Alan Aitken The sale of outstanding South African sprinter National Currency to Hong Kong owner and property tycoon Robert Ng Chee Siong will not go ahead. Ng yesterday confirmed the $10 million sale had fallen through, though he would not comment on the details of the failed deal. 'The purchase of National Currency will not be going ahead,' he said. 'It is a great ...

  10. Office investors gain more bargaining power

    Posted Jul 09th 2008, 12:00am by Yvonne Liu

    ... quarter of last year and again in the first quarter of this year, taking prices in Admiralty, Central and Sheung Wan to new record highs above the levels reached after the financial crisis of 1997-98. But investors dug their heels in at this point, said the agents, doubting that there was room for such price gains to continue in the wake of the subprime credit crisis now dogging global ...




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