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  • September 23, 2014
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Results 1 - 10 of 46 for dutch bank ING

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  1. Business - China Business - MONEY MATTERS

    Sinopec offers master class in SOE mixed ownership reform

    Posted Sep 20th 2014, 05:10am by Shirley Yam

    ... them to banks for financing. The banks will be happy to help. Some will say this is sleight of hand rather than of reform. Absolutely. But the big question is whether Fu and Sinopec will stop ...

    http://www.scmp.com/business/china-business/article/1596467/sinopec-offers-master-class-soe-mixed-ownership-reform
  2. Business - Comment - MONEY MATTERS

    The joke is on the auditors when it comes to true figures

    Posted Sep 06th 2014, 05:37am by Shirley Yam

    ... that they will bear stamps from different post offices on different days to make them look real. The logistics are amazing. Bank statements are another way to verify a company's numbers. If the business is real, it should show up in their accounts. But some auditors were met by "actors" dressing up as bank managers in real or fabricated offices. When auditors then resorted to online ...

    http://www.scmp.com/business/article/1586238/joke-auditors-when-it-comes-true-figures
  3. Business - Comment - MONEY MATTERS

    Evergrande a case study in being too big to fail despite 350b yuan liability

    Posted Aug 30th 2014, 01:20am by Shirley Yam

    ... Shirley Yam Mainland developer's massive debt a case study of China's bad loan problem and the banks and wealthy investors who stand to benefit from it Evergrande too big to fail ... billion bank loan, 44.5 billion yuan in perpetual bonds that are held by banks and their high-net-worth clients and 61 billion yuan in trust borrowings. How the developer- sitting on 250 per cent ...

    http://www.scmp.com/business/article/1581917/evergrande-case-study-being-too-big-fail-despite-350b-yuan-liability
  4. Business - Comment - MONEY MATTERS

    Cutting salaries of SOEs' big bosses a mere populist move

    Posted Aug 23rd 2014, 01:03am by Shirley Yam

    ... the 2 million yuan pay for Jiang Jianqing, chairman of Industrial and Commerce Bank of China. Not much by international standards but quite generous when you consider the fact that he also enjoys the perks of vice-ministerial-level officials and that the bank is sheltered from competition by the state. The perks basically cover everything that Jiang could possibly need in daily life- a home ...

    http://www.scmp.com/business/article/1579555/cutting-salaries-soes-big-bosses-mere-populist-move
  5. Business - China Business - MONEY MATTERS

    Old habits die hard for Chinese phoenix Guangdong Enterprises

    Posted Aug 08th 2014, 09:56pm by Shirley Yam

    ... hundred banks suffered, resulting in the shutdown of the loan market to mainland enterprises for almost three years until the completion of the debt restructuring in 2001. It cost the Guangdong ... Shareholders are not even told who is managing them. "These financial assets are placed by the group with a number of licensed banks [on the mainland] for a term of no more than one year. ...

    http://www.scmp.com/business/china-business/article/1569394/old-habits-die-hard-chinese-phoenix-guangdong-enterprises
  6. Business - Comment - MONEY MATTERS

    Evergrande puzzles with buy-back on one hand, borrowing on the other

    Posted Jul 26th 2014, 01:23am by Shirley Yam

    ... of 15 months. This type of short-term financing is not at all surprising nowadays to players in the real estate market. It can be a matter of life and death. This is because mainland banks no longer approve new loans to developers until old ones are repaid. Say you owe banks A, B and C 500 million yuan each. You repay A with a short-term trust loan. Bank A lends you 500 million ...

    http://www.scmp.com/business/article/1559382/evergrande-puzzles-buy-back-one-hand-borrowing-other
  7. Business - Comment - MONEY MATTERS

    Ma's grip on Alibaba all in the name of preserving its founders' culture

    Posted Jun 21st 2014, 12:40am by Shirley Yam

    ... of association states that the Alibaba Partnership, which holds 13.9 per cent, will nominate a simple majority of directors for shareholders to vote on. It will be a sure win because both SoftBank and Yahoo- holding 34.4 per cent and 22.5 per cent respectively- have agreed to vote along the same lines as the partners. Of course there is a good chance that SoftBank and Yahoo will eventually ...

    http://www.scmp.com/business/article/1537248/mas-grip-alibaba-all-name-preserving-its-founders-culture
  8. Business - Comment - MONEY MATTERS

    Ma's fancy footwork puts him on a winner with football play

    Posted Jun 07th 2014, 01:05am by Shirley Yam

    ... let's look at the banks. Every mainland banker is complaining about the pain Yu E Bao has caused them. The deposit scheme offered by Alibaba pays 15 times more interest than the banks do. ... in the name of risk control. Yet nothing happened to Yu E Bao. It continues to expand and accumulated more than 800 billion yuan within a year. The banks, after insisting that interest rates should ...

    http://www.scmp.com/business/article/1527029/mas-fancy-footwork-puts-him-winner-football-play
  9. Business - Comment - MONEY MATTERS

    Auditors just like drivers in the mind of China's Finance Ministry

    Posted May 31st 2014, 12:54am by Shirley Yam

    ... in mind of the finance ministry To understand Beijing's controversial proposal to bar foreign auditors from working on the mainland, a tale shared by a mainland bank director may help. It was late 2010. The Ministry of Finance ordered all banks and insurers to switch to a new auditor every five years. It is not difficult to imagine the concern this sparked among independent ...

    http://www.scmp.com/business/article/1522243/auditors-just-drivers-mind-chinas-finance-ministry
  10. Business - Comment - MONEY MATTERS

    ICBC a laughing stock after inept effort to cook up orders

    Posted May 24th 2014, 01:09am by Shirley Yam

    ... stock after inept effort to cook up orders For an investment bank, getting caught by the regulator is bad enough, but what's even worse is being laughed at by your peers. The performance of Industrial and Commercial Bank of China in the cooking up of share orders for the public offering of Powerlong Real Estate Holding has prompted such laughter. After all, cooking up IPO orders ...

    http://www.scmp.com/business/article/1519183/icbc-laughing-stock-after-inept-effort-cook-orders

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