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  1. Railways ministry eyes restructuring

    Posted Jul 30th 2004, 12:00am by Staff Reporter

    ... officials. 'The idea is for the government to come up with a programme to restructure the ministry and take the regulatory functions into an independent body,' one banker said. 'It ... decisions on which companies could be listed overseas because the restructuring was still at an early stage. The ministry is weighing proposals to list a variety of smaller, affiliated companies ...

  2. Restructuring issues delay China Putian's dual listing

    Posted Oct 07th 2003, 12:00am by Staff Reporter

    ... been scaled back and delayed by restructuring issues, according to sources close to the transaction. China Putian's dual listing in Hong Kong and New York has been cut from US$2 billion-$3 ... restructuring plan, China Putian established a shareholding company with registered capital of 1.9 billion yuan for listing. The listed vehicle will incorporate portions of handset companies Ningbo ...

  3. Five banks drive SAIC launch

    Posted Jul 24th 2004, 12:00am by Eric Ng

    ... Sachs, which failed to win the SAIC bid, is close to securing a deal to back the listing of Bank of Communications (Bocom). Bocom opted for Goldman and HSBC to arrange its listing in Hong Kong, expected in the first half of next year, sources said. 'Goldman has been working closely with Bocom for two years while HSBC would be its strategic investor,' one source said. Bocom ...

  4. HSBC expects to match 2009's branch growth

    Posted Apr 10th 2010, 12:00am by Staff Reporter

    ... Jane Cai in Hainan HSBC, Europe's biggest lender, expects branch growth on the mainland this year to be similar to 2009, embracing opportunities in the inland market and potential in the rural banking business. HSBC added 19 branches on the mainland last year, bringing the total number of outlets to 99, said Richard Yorke, president and chief executive of HSBC Bank (China) ...

  5. HSBC to set up life insurance venture with National Trust

    Posted Jun 10th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu HSBC Holdings has obtained approval from the China Insurance Regulatory Commission to set up a 50-50 joint-venture life insurance company with Beijing-based National Trust. HSBC ... executive, Asia-Pacific, of HSBC Insurance. Mr Fried will be the chairman of the joint venture, and National Trust chairman Dennis Chan its deputy chairman. Terry Lo Kin-wing will be the chief ...

  6. HSBC's rights issue struggles to draw line under past errors

    Posted Mar 03rd 2009, 12:00am by Tom Holland

    ... Tom Holland The first time most investors in Hong Kong became aware of the subprime mortgage crisis was in February 2007, when HSBC Holdings shocked the market with its first-ever profit warning. That alert was prompted by a sharp rise in defaults at HSBC's US consumer finance unit, acquired in the bank's US$15 billion takeover of Household International in 2003. ...

  7. PCCW, Telstra settle Reach debt

    Posted Jun 18th 2004, 12:00am by Staff Reporter

    ... to their undersea cable joint venture for just $311 million, which should put the operation on a firmer financial footing. Reach lenders, including HSBC, ANZ Bank and Barclays, will receive 25.9 cents ... in the industry. The equal joint venture borrowed US$1.5 billion from banks. Last year, the lenders agreed to restructure the loans in return for an immediate repayment of US$300 million. With the previous ...

  8. HSBC happy with its position in China

    Posted Jun 14th 2005, 12:00am by Staff Reporter

    ... banking Simon Pritchard Securities business now the major gap for the world's second-largest lender HSBC Holdings holds a 'unique' position among foreign players ... Building a securities business is the major gap in its mainland portfolio but HSBC will not rush into a joint-venture arrangement similar to that pursued by investment banks such as Goldman Sachs, ...

  9. Bocom prepares to issue HSBC co-branded cards

    Posted Nov 04th 2004, 12:00am by Staff Reporter

    ... Bei Hu Australian banker nominated to head unit seeking to tap mainland market Bank of Communications has set up a new unit to issue co-branded credit cards with new shareholder HSBC. Ron Logan, an Australian banker nominated by HSBC, has been made chief executive of the card unit which is at the centre of the largest foreign investment in Chinese banks to date. 'The ...

  10. HSBC agrees to form joint venture with Shanxi Trust

    Posted Sep 18th 2004, 12:00am by Staff Reporter

    ... Bei Hu The asset management arm of HSBC, the world's third-largest bank by market valuation, will set up a mainland fund management joint venture with Shanxi Trust and Investment. The deal will further expand the scope of HSBC's already substantial investments in China's financial industry. The two sides had in principle agreed on the joint venture, ...




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