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  1. ICBC tops HSBC in global rankings

    Posted Dec 26th 2006, 12:00am by Enoch Yiu

    ... in the world's biggest initial public offering in October, has overtaken HSBC Holdings to become the world's third-largest bank by market value. ICBC's shares surged by the daily limit of 9.9 per cent yesterday to close at 5.21 yuan on the Shanghai Stock Exchange, valuing the firm at US$214.2 billion. HSBC had a market capitalisation of US$208.4 billion at the close of trading ...

  2. Restructuring not an option for lossmakers

    Posted Mar 12th 2011, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai The mainland will bar underachieving start-ups traded on the second-board market from restructuring assets to avoid delisting, according to Shenzhen Stock Exchange ... an over-the-counter market, he said, stressing that no asset restructurings would be allowed to bail them out. Chen's remarks reflect increasing efforts to clean up the start-up board after investors who ...

  3. Mainland telecoms rise on industry restructuring hopes

    Posted Mar 06th 2008, 12:00am by Staff Reporter

    ... Frederick Yeung Shares in mainland mobile-phone operator China Unicom rose 7.46 per cent yesterday after company chairman Chang Xiaobing said the long-awaited industry restructuring could ... that restructuring of the industry was under way. Unicom's CDMA network is widely expected to be sold to China Telecom and its GSM network will be merged with fixed-line operator Netcom. China ...

  4. Restructuring for 3G shapes as the billion-dollar question

    Posted Sep 05th 2005, 12:00am by Elaine Chan

    ... Balancing business and public needs is a test for Beijing, writes Elaine Chan How to restructure? That is the multi-billion-dollar question hanging over the telecommunications industry, ... mobile licences, the key to an eventual convergence of fixed-line and mobile communications- and growth. This makes 3G central to the next round of restructuring that industry experts have ...

  5. Appointments

    Posted Jan 21st 2008, 12:00am by Staff Reporter

    ... of intermediaries HSBC Mr Hung will be responsible for managing the intermediaries business for Greater China and South Korea, with a focus on the expansion of HSBC's franchise and third-party retail ... finance and other cross-border financial transactions in Asian jurisdictions. She also has significant experience in private corporate debt restructuring. Todd Abrahall Vice-president, specialist ...

  6. Agricultural Bank gets clearance for pre-IPO revamp

    Posted Dec 03rd 2007, 12:00am by Staff Reporter

    ... Tim LeeMaster The Agricultural Bank of China has received approval from the State Council for its long-delayed restructuring plan leading to an initial public offering, sources said. ... the sources said. The restructuring will enable the rural lender to follow in the footsteps of state-owned agricultural banks elsewhere in the world that have transformed into more commercial lenders, ...

  7. HSBC 'to give up option to raise stake in BoCom'

    Posted Aug 09th 2012, 12:00am

    ... George Chen george.chen@scmp.com HSBC is set to give up its exclusive right to increase its stake in the Shanghai-based Bank of Communications, signalling a shift by the European giant to focus more on growing its own business on the mainland. People familiar with the situation told the South China Morning Post that HSBC, which has its headquarters in London, will not renew ...

  8. Sluggish HSBC blamed for taking shine off MPF

    Posted Aug 03rd 2012, 12:00am

    ... Fund managers blame HSBC's poor showing in the stock market for the lacklustre performance of the Mandatory Provident Fund (MPF) last month despite a relatively strong rebound ... the sluggish HSBC stock as the reason. 'The bank is a major component of many equity and mixed-asset funds. In some cases, it takes up over 15 per cent of a portfolio's value, which is why ...

  9. HSBC plan on track but euro zone vexes

    Posted May 18th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com HSBC is on track to meet the goals of its three-year turnaround plan but is worried about the unfolding crisis in the euro zone. The bank yesterday said ... assets and improve efficiency this year, after hiving off 28 of its business operations since last year. 'This is the biggest reshaping and redesign of HSBC that has happened in the 32 years ...

  10. HSBC tied to fake Sevens tickets

    Posted Mar 28th 2012, 12:00am

    ... John Carney john.carney@scmp.com Police are investigating allegations that some fake tickets for the Hong Kong Sevens rugby tournament were given by HSBC to its official clients, organisers said yesterday. The bank, a co-sponsor of the event along with Cathay Pacific Airways, denies passing out phoney tickets. Rumours circulated over the weekend that tickets HSBC had given ...




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