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  • September 19, 2014
  • Last updated: 5:31pm
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  1. News - China

    Asset or liability? Beijing's decision on whistle-blower could seal Snowden's fate

    Posted Jun 14th 2013, 12:00am by Teddy Ng and Zhang Hong

    ... Kong authorities and Snowden. "The most effective way is through Hong Kong because this will avoid Beijing being seen as directly meddling in the affair, which would upset the US," ... national security, mainland observers say. But it will be handled in a low-profile manner to avoid upsetting the Sino-US relationship and being seen as meddling in Hong Kong affairs. Snowden's ...

  2. Monetary Authority and SFC have passed the buck to Hong Kong's banks

    Posted Sep 06th 2011, 12:00am

    ... and the industry is not 'happy'. The minibonds saga exposed deficiencies in Hong Kong's regulatory structure, and therefore offered a great opportunity for the system to be overhauled ... client reliably know the inherent risk to capital of the financial products being offered. It is fundamental that the decision to buy or not must be for the client [to make]. The Hong Kong ...

  3. Business - Banking & Finance - BANKING

    International Monetary Fund warns Hong Kong over mainland exposure

    Posted May 24th 2014, 01:52am by Jeanny Yu

    ... exposure The mainland is now Hong Kong's most systemically important exposure in terms of a potential shock to interbank markets, the International Monetary Fund said yesterday, urging ... of the IMF's monetary and capital markets department, said in a conference call yesterday. "The stress test confirmed the Hong Kong banking sector would be robust enough to absorb a range ...

  4. News - Hong Kong - CURRENCY

    Vendors 'can't be forced to take HK$1,000 notes' says Monetary Authority

    Posted Jan 22nd 2014, 05:43pm by SAMUEL CHAN

    ... to accept HK$1,000 notes, the Hong Kong Monetary Authority says. The HKMA made the comment in a paper submitted to the Legislative Council after high-quality fake notes based on the 2003-series ... will depend on how quickly banknotes return to the banking system. As of yesterday, the police had seized 201 counterfeit HK$1,000 notes in Hong Kong- 149 being passed off as Bank of China bills ...

  5. News - China - POLITICS

    Sweating and on the verge of tears: Chinese officials carry out self-criticism on TV

    Posted Sep 28th 2013, 12:00am by Zhang Hong

    ... Zhang Hong hong.zhang@scmp.com Senior officials sweat over self-criticisms Senior officials revising their self-criticisms nearly 30 times, sweating and "almost in tears", ... strengthen his authority before the third plenary meeting [of the party's Central Committee in November, when some observers expect major reforms to be discussed]. Such campaigns create ...

  6. News - China - HISTORY

    Younger brother of President Xi Jinping speaks on their father's achievements

    Posted Oct 12th 2013, 12:00am by Zhang Hong

    ... Zhang Hong zhang.hong@scmp.com Younger Xi face of family for father's anniversary President Xi Jinping's younger brother, Xi Yuanping, has been making rare high-profile ... responsibility of speaking publicly about their father's achievements," Zhang said. "The commemorations will also help shore up Xi Jinping's authority. Many may also hope ...

  7. Business - Banking & Finance - REMUNERATION

    Monetary authority chief's salary tops HK$9.4m

    Posted Apr 27th 2013, 12:00am by KANIS LI

    ... of the Hong Kong Monetary Authority received a pay rise of 4.1 per cent last year, giving him a total take-home annual salary of HK$9.41 million. While Norman Chan Tak-lam's basic salary remained ... to 2.7 months' salary. The Hong Kong Monetary Authority recently announced a 4.5 per cent rise in basic salary for staff this year. With last year's raise, Chan's pay is more than ...

  8. Business - Banking & Finance - BANKING

    Monetary Authority investigates UBS over possible Hibor rate misconduct

    Posted Dec 21st 2012, 12:00am by Ray Chan

    ... Monetary Authority said yesterday it was investigating the Hong Kong interbank offered rate (Hibor) submitted by UBS after receiving information from overseas regulators. It said ... Ray Chan ray.utchan@scmp.com Day after US$1.5b in fines over Libor scandal, the Swiss bank faces HKMA investigation UBS in Hong Kong probe Monetary Authorityprobes UBS Hong Kong's de ...

  9. Comment - Insight & Opinion

    Southern Weekly protests highlight stalling political reform

    Posted Jan 08th 2013, 07:29pm by Zhang Hong

    ... The crisis at the Southern Weekly escalated on Monday after hundreds of supporters gathered outside the headquarters of the leading Chinese newspaper and demanded that the authorities ... their support for the Southern Weekly on China’s microblogging site Sina Weibo. About 100 editors and reporters with the newspaper have declared a strike and their negotiations with the authorities ...

  10. Comment - Insight & Opinion

    Southern Weekly row won't lead to a loosening of rules on China's media

    Posted Jan 10th 2013, 12:00am by Zhang Hong

    ... Zhang Hong says it's clear from developments in the censorship row in Guangdong that the authorities will maintain their tight control on the media for some time to come The crisis ... the environment for reporting and free speech as stifled as it has been in the past. With social discontent growing, more confrontations between authorities and liberal intellectuals loom. Zhang Hong ...




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