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  • October 3, 2014
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  1. ICBC cleared to move into financial leasing

    Posted Sep 22nd 2007, 12:00am by Staff Reporter

    ... Industrial and Commercial Bank of China has received approval from the banking regulator to set up a financial leasing unit, a new growth engine as the cash-rich lender seeks to diversify ... in Tianjin Binhai, becoming the largest financial institution based in the nation's testing ground for business reforms. ICBC said setting up the leasing subsidiary was an important ...

  2. Where in the World Financial Expo are all the planners?

    Posted Jun 04th 2005, 12:00am by Staff Reporter

    ... professionals or wealth managers. Ample discussion time was devoted to the roles other professions, such as law and accounting, could play in the development of the financial planning industry ... Kelvin Wong If you have any doubts about Hong Kong's wealth management industry being in rapid expansion mode, take a look at the publicity generated just this week. In the space ...

  3. Back on the financial deck

    Posted Jul 09th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com After keeping a low profile for some years, Executive Council member and veteran financial regulator Laura Cha Shih May-lung will be back in the limelight again after her appointment to chair a task force to set up the planned Financial Services Development Council. Cha's appointment to oversee the creation of the new council- which ...


    Posted Apr 20th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu John Williamson, an accountant who is the managing director and chief financial officer of Search Investment Group, is seeking re-election to the Hong Kong Exchanges and Clearing board. He was appointed to the board in May last year to fill the seat vacated by shareholder activist David Webb. He believes his accounting background and financial services experience ...

  5. Financial plays rally as US accounting rule change boosts hopes

    Posted Apr 04th 2009, 12:00am by Staff Reporter

    ... Natalie Chiu Hong Kong financial stocks continued to rally yesterday as investors hoped an expected easing of accounting rules would help banks and other industry players report higher ... to HK$2.62, Industrial and Commercial Bank of China declined 0.97 per cent to HK$4.06 and China Construction Bank Corp fell 1.09 per cent to HK$4.54. Analysts expect Hong Kong banks to benefit more ...

  6. Hong Kong's drive for financial hub status faces talent challenge

    Posted Jun 24th 2008, 12:00am by Enoch Yiu

    ... prove difficult. The survey called Grooming of Talents in the Financial Industry, conducted by the Centre for Public Policy Studies at Lingnan University, collected comments from 30 leading local and international financial institutions as well as 861 people in the industry with less than three years experience. The study released yesterday showed many financial institutions have ...

  7. Financial counters dive ahead of BEA results

    Posted Feb 17th 2009, 12:00am by Nick Westra

    ... Nick Westra Hong Kong-listed financial stocks slumped yesterday as investors scrambled to reduce exposure to lenders ahead of Bank of East Asia's earnings announcement. BEA fell 4.07 ... Seng Index's decline yesterday. The index fell 98.79 points or 0.73 per cent to 13,455.88 for its third loss in the past four trading days. Its financial sub-index slid 1.12 per cent. ...

  8. Regulator clears banks for financial leasing after 10-year ban

    Posted Jun 15th 2007, 12:00am by Staff Reporter

    ... for the country's fast-growing banking industry. The China Banking Regulatory Commission did not name the lenders but it has been widely reported that they are Industrial and Commercial Bank of China, China ... banks,' CBRC vice-chairman Cai Esheng said in a statement yesterday. The mainland allowed local and foreign banks to provide financial leasing in the 1980s but a ban was imposed in 1997 because ...

  9. Property, financial stocks dive over tightening fears

    Posted Dec 18th 2007, 12:00am by Sandy Li

    ... the effectiveness of the austerity measures.' Meanwhile, financial stocks also suffered with Industrial Bank losing 3.89 yuan to 46.86 yuan. Industrial and Commercial Bank of China fell 32 fen to 7.67 ... Sandy Li and Natalie Chiu Rates and stricter lending worries spark sell-off in markets Mainland property and financial stocks tumbled yesterday over concerns the central government ...

  10. CCB secures regulatory approval for financial leasing venture

    Posted Sep 07th 2007, 12:00am by Staff Reporter

    ... Maria Chan China Construction Bank Corp said yesterday it had received approval from the China Banking Regulatory Commission to set up a financial leasing joint venture with Bank ... global economy - lenders have expanded into the financial leasing business. The joint-venture company will consist of five directors - four from CCB and one from Bank of America. A director ...




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