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Results 1 - 10 of 12 for dutch bank ING

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  1. One-third of China city banks 'broke'

    Posted Mar 18th 2006, 12:00am by Mark O'Neill

    ... targets for overseas investors because they are relatively small and provide an entry point for foreign banks in the growing financial sector. Last March ING Group bought 19.9 per cent of Bank ... banks are technically bankrupt, and most of them are not real banks but serve as cash cows for the local governments that control them, according to a just-published scathing report. The Banker ...

  2. Beijing weighs curbs on foreign buying of homes

    Posted Jul 12th 2006, 12:00am by Mark O'Neill

    ... and third homes in Zhongshan, Panyu, Hangzhou and Ningbo to multinationals like Goldman Sachs, ING Groep and Macquarie Bank that are investing hundreds of millions of dollars. Last month, Citigroup ... here can only buy a home for their own use. Other possible measures are banks giving mortgages only in yuan, not foreign exchange, a ban on resale of second homes for a certain period, ...

  3. China sees blowout in trade surplus

    Posted Jan 12th 2006, 12:00am by Mark O'Neill

    ... is now increasingly driven by fundamental factors, pointing to a generally undervalued yuan,' said Wang Qing of Bank of America. Long Guoqiang, deputy director of foreign trade at the State ... [the yuan] but I don't think the government would appreciate its currency rashly in the short term.' ING said a strong surplus was now a structural feature of the economy and would ...

  4. Tycoon Yang Bin gets 18 years' jail

    Posted Jul 15th 2003, 12:00am by Mark O'Neill

    ... to HK$7.5 million. The Shenyang Intermediate Court imposed the maximum sentence on Yang, a Dutch national, after finding him guilty of bribery, raising capital on false pretences, illegal use ... the deal. Yang's lawyers were not available for comment yesterday. Yang, 40, owes hundreds of millions of yuan in loans to banks, employees and a construction company from Nantong, Jiangsu ...

  5. Yang Bin: a big-time criminal or a political scapegoat?

    Posted Jul 15th 2003, 12:00am by Mark O'Neill

    ... of land,' he said, referring to Holland Village, a large real estate and farming project in northern Shenyang. Yang's associates say that the banks abruptly cut off loans to Holland Village ... was the project advanced enough for him to sell apartment units to maintain cash flow. His associates also see in the sentence revenge for his obtaining a Dutch passport in 1989, when he was a student ...

  6. Prada eyes mainland production base

    Posted May 19th 2005, 12:00am by Mark O'Neill

    ... Bertelli said. A Dutch architect, Mr Koolhas has designed the controversial new centre for China Central Television in Beijing and two of Prada's three epicentres- in New York and Los Angeles. ... an initial public offering but Mr Bertelli said a listing could wait. 'We will start to think of it in 2007. We can handle the debt and will renew it in a way that is not like a bond. The banks ...

  7. Foreigners keep Shanghai party going

    Posted Jun 20th 2005, 12:00am by Mark O'Neill

    ... of the Macquarie Bank Group, paid US$98 million for the 20-storey downtown Xin Mao Tower, due for completion in 2006, from Capitaland. In April, Goldman Sachs paid Capitaland US$107.6 million ... and controversial role in Shanghai's property boom of the past five years. According to figures published in May by the central bank, in the first 11 months of last year, 22.2 billion yuan in foreign ...

  8. Futures market heads for difficult year

    Posted Jan 13th 2005, 12:00am by Mark O'Neill

    ... is entirely at the government's discretion. The Dutch bank is arguing that it would bring up-to-date management and operating systems to narrow the large gap between domestic and foreign markets. ... accelerate the process of internationalisation. Passage of the first Futures Law was on this year's legislative agenda. ABN Amro, which received approval from the China Banking Regulatory ...

  9. Reits frenzy adds hot air to mainland bubble

    Posted Jul 18th 2005, 12:00am by Jamil Anderlini, Mark O'Neill

    ... Property Rights Law. The question is how easily rights can be protected through the courts, which is also a major issue for banks when they take security in the form of mortgages over real property ... Bank, which has said it will issue asset-backed securities by the end of the year, and China Construction Bank, which plans to issue the country's first mortgage-backed securities. Those ...

  10. BASF makes high-risk US$1.5b bet on China

    Posted Sep 26th 2005, 12:00am by Mark O'Neill

    ... BASF- and its global rivals such as Bayer, Royal Dutch Shell and British Petroleum- want a bigger share of this market. All have invested billions of dollars in plants in Shanghai's Caojing ... plastic products. Of the 120 million tonnes a year of finished polyethylene products the US is importing, 40 per cent is imported from China.' Kevin McCathy, an analyst at Bank of America ...




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