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  • April 21, 2014
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  1. Business - Money - FINANCE

    Hong Kong exchange welcomes New York defectors keen to list

    Posted Apr 11th 2014, 11:53pm by Ray Chan, Jeanny Yu, George Chen

    ... "The depth of market liquidity and timely policies are vivid examples of the city's response to the global financial crisis of 2008," Stacey said. Stacey is chief executive of Vanda ...

    http://www.scmp.com/business/money/markets-investing/article/1477075/hong-kong-exchange-welcomes-new-york-defectors-keen
  2. Business - Banking & Finance - FINANCE

    Online platforms emerge as new champions in lending

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

    ... and chief executive of Ping An Group subsidiary Shanghai Lujiazui International Financial Asset Exchange, which runs a peer-to-peer lending service. Internet finance was a talking point ... Otherwise, we will see unfair competition in the sector". Xie Ping, an executive vice-president of China Investment Corp, said in another report released at the forum that online lending ...

    http://www.scmp.com/business/banking-finance/article/1472346/online-platforms-emerge-new-champions-lending
  3. Business - Banking & Finance - FINANCE

    Banker suicides leave sector concerned as coroners probe

    Posted Mar 25th 2014, 01:32am by BLOOM

    ... into the death of William Broeksmit, 58, a retired Deutsche Bank risk executive found dead in his London home in January, will start today. The inquest for Gabriel Magee, a 39-year-old vice-president ... Switzerland. There is a general expectation [of long hours] in our profession JUERGEN SCHROEDER, MERRILL LYNCH "A lot of executives keep their nose down, work hard, do great work and don't ...

    http://www.scmp.com/business/banking-finance/article/1456414/banker-suicides-leave-sector-concerned-coroners-probe
  4. Business - Banking & Finance - FINANCE

    JPMorgan’s top China banker Fang Fang to retire, as colleague Frank Gong gets promotion

    Posted Mar 24th 2014, 10:20am by George Chen, Ray Chan

    ... Ray Chan and George Chen Fang Fang's early retirement comes as US bank is probed over its hiring practices on mainland JP Morgan's top China bankerto step down JP Morgan Chase's chief executive for China investment banking is stepping down after more than a decade of making deals at the US bank, people familiar with the situation said. The New York-based bank ...

    http://www.scmp.com/business/banking-finance/article/1456019/jpmorgans-top-banker-china-resign
  5. Business - Companies - FINANCE

    Jailed tycoon Wong Kwong-yu and wife agree to pay HK$420m to Gome in misconduct case

    Posted Mar 11th 2014, 10:17pm by Enoch Yiu

    ... shareholders," said Mark Steward, executive director of the SFC. "The SFC will continue to take what action is necessary to ensure the interests of the investing public are adequately ...

    http://www.scmp.com/business/companies/article/1446615/jailed-tycoon-wong-kwong-yu-and-wife-agree-pay-hk420m-gome
  6. News - Hong Kong - FINANCE

    Hong Kong could face Greek-style financial crisis, warn government advisers

    Posted Mar 04th 2014, 12:33am by Olga Wong, Phila Siu, FANNY W.Y. FUNG

    ... billion. The projections, released by the government-appointed working group on long-term fiscal planning, do not take into account the impact of the chief executive's target announced last ...

    http://www.scmp.com/news/hong-kong/article/1439664/hong-kong-could-face-greek-style-financial-crisis-warn-government
  7. News - Hong Kong - FINANCE

    Key Apec meeting switched from Hong Kong to Beijing

    Posted Feb 25th 2014, 04:28pm by Stuart Lau, Tony Cheung and Zhang Hong

    ... Kong meetings. David Dodwell, executive director of the Hong Kong-Apec Trade Policy Group, said the idea of a switch had been circulated for about three weeks. "Clearly this is upsetting ... for the 2017 chief executive election. Executive councillor Cheng Yiu-tong believes the venue switch "could be related" to the movement and said this would affect the city's reputation. ...

    http://www.scmp.com/news/hong-kong/article/1434932/beijing-replace-hong-kong-host-apec-meeting
  8. News - World - FINANCE

    850,000 bitcoins lost as Mt Gox exchange files for bankruptcy

    Posted Feb 28th 2014, 07:04pm by Danny Lee and Agencies

    ... Danny Lee and Agencies danny.lee@scmp.com Bowing in contrition, Mt Gox chief executive Mark Karpeles apologises for troubles and blames lax internal computer security systems Chief executive Mark Karpeles apologises for collapse of company Troubled bitcoin business Mt Gox yesterday filed for bankruptcy, ending days of speculation about the Tokyo-based company's dire ...

    http://www.scmp.com/news/world/article/1437296/tokyo-based-bitcoin-exchange-mt-gox-files-bankruptcy
  9. News - World - FINANCE

    Customers turn to paper to secure their bitcoin funds

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

    ... storage". Sang Yen-huang, who was also at the grand opening, said it was "too risky" to store bitcoin any other way other than on paper. Lo Ken-bon, the chief executive of ANX, explained ...

    http://www.scmp.com/news/world/article/1437584/customers-turn-paper-secure-their-bitcoin-funds
  10. News - World - FINANCE

    US federal prosecutor investigating failed bitcoin exchange Mt Gox

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

    ... Gox's chief executive officer, Mark Karpeles, quit the foundation's board on Monday, the group briefed the Manhattan federal prosecutor's office with information about the possible ...

    http://www.scmp.com/news/world/article/1436665/us-federal-prosecutor-investigating-failed-bitcoin-exchange-mt-gox

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