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  • April 17, 2014
  • Last updated: 10:02am
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  1. Business - Banking & Finance - FINANCE

    Online platforms emerge as new champions in lending

    Posted Apr 10th 2014, 01:01am by Adrian Wan

    ... Banks have also imposed limits on how much their customers can transfer to online finance services, with authorities looking into potentially tighter regulation. Yan Qingmin, a vice-chairman ... Adrian Wan in Boao, Hainan adrian.wan@scmp.com Bricks-and-mortar banks are facing increasing competition from internet finance services Online platforms emerge as new champions in lending ...

  2. News - World - FINANCE

    Customers turn to paper to secure their bitcoin funds

    Posted Feb 28th 2014, 11:21pm by DANNY LEE

    ... Danny Lee and Reuters danny.lee@scmp.com Customers turn to paper to secure virtual funds Don't bet on bitcoin exchanges to keep your money safe, investors and fans of the troubled ... that if customers digitally collect bitcoins- instead of leaving them in the hands of the company- the liability, if there is a hacking attack, lies with the customer not the exchange. ...

  3. Business - Money - FINANCE

    ‘Through train’ direct share-trading between Hong Kong and Shanghai ready within six months

    Posted Apr 10th 2014, 02:49pm by Enoch Yiu

    ... strengthen the city's role as a yuan trading centre. Financial services legislator Christopher Cheung Wah-fung said: "The quota is small, but it has taken a major step of integrating ...

  4. Business - China Business - FINANCE

    Weibo's Nasdaq IPO set to raise US$340 million

    Posted Apr 06th 2014, 04:32am by AFP

    ... Agence France-Presse in New York Alibaba could take up to 32pc of ordinary shares in microblog's New York offering Weibo's Nasdaq IPO set to raise US$340m The microblogging service Weibo Corp- often described as China's version of Twitter- will raise at least US$340 million in its US stock offering, an updated filing showed. The updated plan suggests a tighter ...

  5. Business - Banking & Finance - FINANCE

    US slaps tax on bitcoin as IRS deems it to be 'property'

    Posted Mar 27th 2014, 01:21am by SHIRLEY ZHAO

    ... be taxed, financial analysts say. They were speaking after a decision by the United States Internal Revenue Service on Tuesday to treat virtual currency as property for tax purposes, instead ... potential number of bitcoins is 21 million, compared with about 12 million now in circulation. The Financial Services and Treasury Bureau said it needed time to gain a better understanding of the US ...

  6. News - World - FINANCE

    US federal prosecutor investigating failed bitcoin exchange Mt Gox

    Posted Feb 27th 2014, 11:30pm by BLOOM

    ... to the shutdown of Tokyo bitcoin exchange Mt Gox. Mt Gox, which had the largest market share of all digital-currency exchanges as recently as last April, went offline on Wednesday after halting customer ... we are seeing a second wave of capable, responsible entrepreneurs and investors who are building reliable services for this ecosystem." ...

  7. News - World - FINANCE

    Concerns persist that bitcoin aids crime as US probes online bazaars

    Posted Feb 17th 2014, 11:21pm by AP

    ... transactions", Zabel said. Among those arrested in the case was a defendant using the name BTCKing, who operated a service that allowed customers to obtain bitcoins by depositing cash into a bank account ... persists The account information given by a new customer at Liberty Reserve read like a prank: Joe Bogus, 123 Fake Main Street, Completely Made Up City, New York. But at the multibillion-US-dollar ...

  8. News - World - FINANCE

    Alleged bitcoin founder Dorian Nakamoto hires lawyer to clear name

    Posted Mar 18th 2014, 09:07pm by AP

    ... steady work for 10 years and had cancelled his internet service last year "due to severe financial distress". Nakamoto added that he is trying to recover from prostate surgery he had ...

  9. News - Hong Kong - FINANCE

    Scrutiny of policies that cost over HK$100 million is unnecessary, says think tank

    Posted Mar 06th 2014, 03:01am by Olga Wong

    ... unnecessary work and deter officials from launching needed public services. "Public services provided by the government are not always cost-effective. There are grey areas where the private sector is reluctant to provide the services," Fong said. "The measure would be ineffective if it became a stumbling block for departments that want to contribute more." Under ...

  10. Business - Banking & Finance - FINANCE

    China should allow more bond defaults, bank supervisor says

    Posted Mar 09th 2014, 05:51am by Bloomberg

    ... Service said.  Previously, the government and corporations would ask the People’s Bank of China for a new loan to pay back debt as a way to maintain stability in society, Mei said. “In a more ...




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