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  • July 28, 2014
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Results 1 - 10 of 148 for foreign relations of south korea

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  1. Business - Banking & Finance - BANKING

    Foreign banks in Shanghai free-trade zone lack permits to transfer funds freely

    Posted Jul 08th 2014, 11:58am by George Chen, Jeanny Yu

    ... sensitivity of the matter, told the South China Morning Post he believed the central bank- the People's Bank of China- might be delaying FTA approval to foreign banks on purpose because Beijing ... George Chen and Jeanny Yu Key trade-zone permits elude foreign banks Ten foreign banks have opened subsidiaries in the Shanghai free-trade zone, but none has obtained a key permit ...

    http://www.scmp.com/business/banking-finance/article/1549490/lack-permit-stalls-ability-foreign-banks-ftz-branches
  2. Business - Banking & Finance - BANKING

    HSBC to exit retail banking in South Korea amid profitability concerns

    Posted Jul 06th 2013, 12:00am by KANIS LI

    ... to develop custody, payment and cash management, trade services, foreign exchange services and project and export financing in South Korea. A person familiar with the situation said HSBC's ... in South Korea remains weak. In general, foreign financial companies find it difficult to make a profit in South Korea because of the country's culture of financial protectionism. HSBC says ...

    http://www.scmp.com/business/banking-finance/article/1276386/hsbc-exit-retail-banking-south-korea-amid-profitability
  3. Business - Banking & Finance - BANKING

    Alibaba teams up with mainland banks to offer loans to SMEs

    Posted Jul 23rd 2014, 01:33am by Sophie Yu

    ... launched in the second half of this year. The loan size a company will receive will be related to the size of its business on Alibaba.com The lowest interest rate for the loan is 8 per cent, ...

    http://www.scmp.com/business/banking-finance/article/1557338/alibaba-teams-mainland-banks-offer-loans-smes
  4. Business - Banking & Finance - BANKING

    Banks rush to open branches before Shanghai free-trade zone anniversary

    Posted Jul 08th 2014, 01:54am by George Chen

    ... including the first privately owned bank. Sources familiar with the situation told the South China Morning Post that a newly established bank mainly funded by the Juneyao Group and other private ... a bank branch in the zone is just the first step. Afterwards, banks still need to apply for specific business approvals, for example, to allow the branches of foreign banks to help their clients ...

    http://www.scmp.com/business/banking-finance/article/1549229/banks-rush-open-branches-shanghai-free-trade-zone
  5. Business - Banking & Finance - BANKING

    Citigroup to pay US$7b in settlement on US subprime mortgage fiasco

    Posted Jul 15th 2014, 01:36am by AP

    ... announced today with the US Department of Justice, state attorneys general and the FDIC resolves all pending civil investigations related to our legacy RMBS and CDO underwriting, structuring ...

    http://www.scmp.com/business/banking-finance/article/1554353/citigroup-pay-us7b-settlement-us-subprime-mortgage-fiasco
  6. Business - Banking & Finance - BANKING

    Fears of tough action by Beijing following allegation BOC launders money

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

    ... transfer the required amount abroad to qualify for business migration schemes unless they pass through the foreign exchange regulator's applications procedures and pay the relevant taxes. Li ... to the mainland's foreign exchange policies, since it could help rich people direct huge capital outflows in a legal manner. Currently, thousands of wealthy mainlanders relied on the illegal underground ...

    http://www.scmp.com/business/banking-finance/article/1552389/fears-tough-action-beijing-following-allegation-boc
  7. Business - Banking & Finance - BANKING

    Moody's warns Hong Kong banks over increased loans exposure to mainland

    Posted Jun 26th 2014, 11:38pm by DON WEINLAND

    ... to Liao Qun, senior vice-president of strategy and planning at Citic Bank. "If China can maintain above 7 per cent growth this year, then I think the risk is low," Liao told the South ... of mainland-related loans are prudently managed by banks," an authority spokeswoman said. ...

    http://www.scmp.com/business/banking-finance/article/1541301/moodys-warns-hong-kong-banks-over-increased-loans-exposure
  8. Business - Banking & Finance - BANKING

    Mainland China banking regulator to ease loan-to-deposit ratio

    Posted Jul 01st 2014, 04:05am by DON WEINLAND

    ... the regulation's scrutiny, including funds lent under the central bank's relending facility to support small enterprise and commercial bank loans from international financial institutions or foreign ...

    http://www.scmp.com/business/banking-finance/article/1543902/mainland-china-banking-regulator-ease-loan-deposit-ratio
  9. Business - Banking & Finance - BANKING

    Standard Chartered braced for more gloom

    Posted Jun 28th 2014, 01:09am by DON WEINLAND

    ... last year's. During the past five years, the British bank has dug deep into financial markets business such as rates and foreign exchange, which have been showing structural and cyclical ... of quantitative easing in the United States, as well as from investigations into the global banking sector's foreign exchange activities. In 2012, the bank reached a US$667 million settlement ...

    http://www.scmp.com/business/banking-finance/article/1542080/standard-chartered-braced-more-gloom
  10. Business - Banking & Finance - BANKING

    HSBC boosts oversight on metals financing in wake of Qingdao probe

    Posted Jun 16th 2014, 03:07am by Enoch Yiu

    ... of alleged irregularities at Qingdao Port. "We continue to provide commodities financing support to our customers," an HSBC spokeswoman told the South China Morning Post. "Recognising ... US$160 billion, or 31 per cent of the mainland's total short-term foreign exchange loans. Gary Cheung Wai-kwok, the chief executive of Tung Shing Futures (Brokers), said the scandal would ...

    http://www.scmp.com/business/banking-finance/article/1533603/hsbc-boosts-oversight-metals-financing-wake-qingdao-probe

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