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Results 1 - 10 of 10 for equity financing

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  1. Analysts lift BOCHK outlook

    Posted Jan 08th 2004, 12:00am by Christine Chan

    ... Analysts have upgraded the earnings outlook for BOC Hong Kong (Holdings) (BOCHK), a day after Beijing said it would pump US$22.5 billion into its parent, Bank of China (BOC). Fellow Big Four state bank, China Construction Bank, also received the same amou ...

  2. Moody's considers upgrades for China Merchants and SPDB

    Posted Oct 04th 2003, 12:00am by Christine Chan

    ... The two lenders' ratings are under review after six months of strong growth Moody's Investors Service has put the ratings of China Merchants Bank and Shanghai Pudong Development Bank (SPDB) under review for possible upgrade, saying the pair had ...

  3. Bank of Shanghai looking for more foreign investors

    Posted Oct 17th 2003, 12:00am by Christine Chan

    ... saw HSBC take an 8 per cent stake in the bank, while the World Bank's investment arm International Finance Corp (IFC) took 7 per cent and Hong Kong's Shanghai Commercial Bank 3 per cent. Mr Fu said the bank's existing foreign shareholders, notably HSBC, had asked for a bigger equity stake. If the plan is implemented in the first half of next year, HSBC may overtake ...

  4. Proposed sovereign bond to define yield curve

    Posted Sep 24th 2003, 12:00am by Christine Chan

    ... of US$356.5 billion, manageable foreign debt of about $170 billion and budget deficit of just 3 per cent of gross domestic product. The Ministry of Finance also can raise funds cheaply at home: ... the benchmark for mainland corporates aiming to tap funding overseas,' Fitch banking analyst Arthur Lau said. In about one month, finance ministry officials will set off on a roadshow to the United ...

  5. Ford Credit issue points to rise of HK market for retail bonds

    Posted Sep 25th 2003, 12:00am by Christine Chan

    ... The rise of retail debt products in Hong Kong has picked up steam, with a United States car-financing giant becoming the first to launch a local retail bond. Led by Standard Chartered and ICBC (Asia), this week's issue by Ford Credit, the financing arm controlled by the world's No2 carmaker Ford Motor, plans to raise almost $1 billion. Market watchers expect it to pave ...

  6. Acquisitions expected to add strength to HSBC's interims

    Posted Aug 04th 2003, 12:00am by Christine Chan

    ... will probably be bolstered by the first-time contribution of newly acquired Household International (HI), the biggest independent consumer finance group in the United States and Grupo Financiero Bital, ... equity and Hong Kong's rising unemployment rate. Mr Irving said: 'Today the bank's delinquency ratio remains very low. But with our conversation with the company's management ...

  7. Cheung Kong launches bonds

    Posted Oct 15th 2003, 12:00am by Christine Chan

    ... enabling the issuer to tap the debt market at any time without the regulatory hassle. With net debt to equity ratio at just 11.5 per cent at the end of last year and available undrawn bank ... Finance, wholly owned by Cheung Kong. Cheung Kong is the issue's guarantor. However, the debt paper is not without risk. According to the debt issuing prospectus, Hutchison Whampoa - in which ...

  8. Bailout plan for big four state lenders likely soon

    Posted Sep 22nd 2003, 12:00am by Christine Chan

    ... the fragile sector. Sources close to the Ministry of Finance (MOF) said concrete solutions on a policy framework to tackle the banking mess probably were imminent. The bailout plan, China's ... banking assets and, with the country's relatively under-utilised equity and debt markets, banks are still heavily relied upon as key funding sources. According to Deutsche Bank senior ...

  9. PICC secures earnings boost on reduction in business taxes

    Posted Oct 07th 2003, 12:00am by Christine Chan

    ... on equity of 13.8 per cent, CICC said. PICC - China's largest property and casualty insurer - controls 70 per cent of the mainland market, enabling it to yield an average 4.3 per cent ... by the mainland, due mainly to heavy fixed-asset holdings and a relatively small equity base. High premium-to-equity ratio is another concern for PICC. 'The company's net retained premium-to-net ...

  10. Mainland banks under watch

    Posted Sep 17th 2003, 12:00am by Christine Chan

    ... procedures of best international banks as it requires training and proper incentive systems,' Shan Weijian, a partner of private equity firm Newbridge Capital, wrote recently in the Asian Wall ...



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