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  • October 1, 2014
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  1. China the key to HSBC's success

    Posted Mar 09th 2012, 12:00am

    ... HSBC says the worst is nearly over for the restructuring of its operations in Hong Kong. Generally that is true for the bank as a whole. Most of its woes from the financial crisis stemmed from the US$15.5 billion purchase of a US subprime retail mortgage lender responsible for accumulated losses of US$50 billion. HSBC has been running this business down to the extent ...

  2. 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 ...

  3. Ping An injects 20b yuan to raise stake in bank

    Posted Aug 19th 2011, 12:00am

    ... will buy the 9 per cent stake in Ping An Bank it doesn't own now and merge with it in the future,' said Sun Jianyi, vice-chairman of the insurer, yesterday. After a restructuring plan ...

  4. After years of being ignored, villagers go for do-it-yourself

    Posted Oct 03rd 2005, 12:00am by Elaine Chan

    ... to sell stakes to HSBC and the International Finance Corp, is a relative success story. The number of co-ops restructuring is on the rise, with nine commercial banks and 34 rural union banks ... rural co-op reforms a daunting challenge,' HSBC economist Qu Hongbin said. Until an intensive clean-up programme launched by the central government two years ago, total assets of all RCCs ...

  5. Magazines - Style

    Anita Fung: The HSBC chief executive who broke through the glass ceiling

    Posted Oct 09th 2012, 12:00pm by Jane Moir

    ... HSBC's first female CEO for Hong Kong in September last year, she inherited a hot seat. The lender had just announced 3,000 job cuts in Hong Kong and the pressure was on to ramp-up ... at HSBC, being the group's flagship business," she says.  She derives a certain amount of pride at being a home-grown talent, given the bank's 150-year history in the city. ...

  6. PICC wins approval for 10b yuan bond issue

    Posted Feb 15th 2008, 12:00am by Staff Reporter

    ... completed the first phase of restructuring to become a conglomerate consisting of life and non-life insurance, as well as asset management operations, he said. The Hong Kong-listed insurer is also ...

  7. Lai See

    Posted Sep 15th 2011, 12:00am

    ... Howard Winn So, does it really matter where HSBC's headquarters is? We are in the throes of another tedious round of 'will HSBC shift its headquarters to Hong Kong?' ... crisis. The thought that HSBC might relocate to Hong Kong to avoid the financial cost of these reforms has been stirred somewhat by comments by Schroders chairman Michael Miles speaking ...

  8. Barclays targets stake in mainland lender

    Posted Mar 14th 2008, 12:00am by Tom Miller

    ... that has yet to be reformed. Plagued by poor asset quality and non-performing loans, ABC would represent a gamble. But with it expected to seek a public listing once it restructures, buying cheap ... Charlene Chu at Fitch Ratings in Beijing. Barclay's British rivals HSBC and Royal Bank of Scotland have taken an aggressive approach in the mainland market. HSBC has a 19 per cent stake ...

  9. Agricultural Bank looks for advisers

    Posted Dec 07th 2006, 12:00am by Staff Reporter

    ... Tim LeeMaster Lender seeks help from investment banks during restructuring before IPO Agricultural Bank of China, the only one of the Big Four mainland lenders not listed, has invited investment banks to pitch for a role as financial adviser during the bank's restructuring, market sources said. UBS, China International Capital Corp, BOC International and HSBC are among those ...

  10. Opportunity knocks for Hongkong Post

    Posted Jun 23rd 2005, 12:00am by Louis Beckerling

    ... Precedents for far more adventurous forays by post offices into the provision of banking services are in place around the world, not least on the mainland, where China Post is being restructured ... from Japan Post, also undergoing a major restructuring, passed through Hong Kong last month on their way to exchange views with their counterparts in China on how best to manage hiving off its ...




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