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  • August 30, 2014
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  1. Business - Money - THE VIEW

    Investing between the lines in China

    Posted Jul 14th 2014, 10:35am by Cathy Holcombe

    ... and anti-corruption drives that affected other major state-owned enterprises- think PetroChina- now have the financial sector in their sights. Short at least BOC, and for the more adventurous, go long ... premium. It explains why high-flying investors like Anthony Bolton took a bath on Chinese small-caps a few years ago. But it also supports a thriving industry of China watchers. And as they say- ...

  2. Comment - Insight & Opinion

    China must come clean on capital transfers abroad

    Posted Jul 15th 2014, 05:09am by SCMP Editorial

    ... the CCTV broadcast of such detailed and serious accusations prompted speculation that it had high-level clearance and was a signal that the leadership is set to shake up the financial and banking ...

  3. Business - Banking & Finance

    Heat from CCTV exposé unlikely to hit mainland cash outflows

    Posted Jul 16th 2014, 01:15am by Daniel Ren and Peggy Sito

    ... the consultant said. "But many other banks have plans just like this." Industry and regulatory officials said it would take at least several months for SAFE to lift a "temporary" ban ...

  4. Business - Banking & Finance - BANKING

    Fears of tough action by Beijing following allegation BOC launders money

    Posted Jul 11th 2014, 11:34pm by Daniel Ren

    ... regulators. That would add to fears of a heavy hand on the financial system as Beijing tries to stem massive capital outflows. On Wednesday, state broadcaster China Central Television accused BOC ... banking system to transfer money abroad, he said. "The scandal again shows that the financial system is not willing to comply with the regulations," Li said. "The enforcement ...

  5. Business - Banking & Finance - MR. SHANGKONG

    Bank of China-CCTV drama may reveal power struggle in Beijing

    Posted Jul 14th 2014, 03:09am by George Chen

    ... the yuan more global, but there are also many conservative officials in Beijing. How the BOC-CCTV drama ends may offer some new clues to these power struggles.   George Chen is the financial editor ...

  6. Business - Banking & Finance - FINANCE

    Like Bank of China, Citic Bank also offers service branded 'money laundering' by CCTV

    Posted Jul 09th 2014, 03:58pm by DON WEINLAND, George Chen

    ... by the state broadcaster of breaking foreign exchange rules by helping people take money out of the country, it has emerged a second state bank has also been offering the service. Industry sources told ... than it already is." Industry sources said BOC and Citic Bank were chosen by the Guangzhou branch of the central bank in late 2011 and late 2012 respectively to join the pilot programme, ...

  7. 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 ...

  8. Business - Economy - CURRENCIES

    China and UK in talks over London yuan clearing bank

    Posted Feb 20th 2014, 11:16am by Jeanny Yu

    ... that Hong Kong banks handle now are from Europe, as about 47 per cent of yuan global payments excluding mainland China and Hong Kong are from the continent, according to data from financial services ... banks, all state-backed subsidiaries of mainland banks: Bank of China (Hong Kong), Bank of China's Taiwan branch and Industrial and Commercial Bank of China's branch in Singapore. BOCHK ...

  9. 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 ...


    Posted Oct 03rd 2005, 12:00am by Staff Reporter

    ... [market], there will be huge potential for foreign banks in terms of products and services after the market fully opens.' David Marshall Managing director and Asia-Pacific head of financial ... be commercial while majority government-owned.' Wu Xiaoling Deputy governor of the People's Bank of China 'The current state of China's financial development isn't compatible ...




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