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  • April 20, 2014
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  1. News - Hong Kong

    Investment-related issues top list of complaints to dispute centre

    Posted Mar 26th 2014, 12:02pm

    ... investment bank collapsed in September 2008. Previously, investors who felt they may have been cheated had little recourse if they could not afford a lawyer. That prompted the government to set up ... Ada Lee ada.lee@scmp.com 80% of cases resolved through mediation Investment-related products accounted for more than half of the complaints to the Financial Dispute Resolution Centre last ...

    http://www.scmp.com/news/hong-kong/article/1457624/investment-related-issues-top-list-complaints-dispute-centre
  2. News - Hong Kong - COURTS

    Madoff victim claims US$1.17m from StanChart over investment losses

    Posted Mar 05th 2014, 04:04am by Austin Chiu

    ... David Li Kwok-po, alleged that the bank failed to perform due diligence before it recommended him in 2005 to invest in an equity fund. The Fairfield Sentry fund was part of the assets ... PricewaterhouseCoopers, Mok said. Court documents stated that Li opened an account with the bank in November 2000. The following month, the bank advised him to invest in a market-neutral US equity fund. He ...

    http://www.scmp.com/news/hong-kong/article/1440429/madoff-victim-claims-us117m-stanchart-over-investment-losses
  3. News - Hong Kong

    Three jailed over HK$90b bogus bank documents

    Posted Apr 12th 2014, 05:13am by JULIE CHU

    ... Julie Chu julie.chu@scmp.com Trio caught during police checks on the HKMEx showed no remorse, says judge Three jailed for HK$90b bogus bank documents Three mainlanders caught with bogus bank documents purportedly worth more than HK$90 billion during police checks on the Hong Kong Mercantile Exchange (HKMEx) have been jailed for between 2-1/2 and three years. Dai Linyi, 55, ...

    http://www.scmp.com/news/hong-kong/article/1476741/three-jailed-over-hk90b-bogus-bank-documents
  4. News - Hong Kong - COURTS

    Spelling was wrong in bogus bank documents with face value of HK$90b

    Posted Apr 11th 2014, 04:40am by JULIE CHU

    ... forgeries Three mainlanders found with bogus bank instruments with a face value of more than HK$90 billion during the police investigation of the failed Hong Kong Mercantile Exchange were convicted ... on May 21 last year, had false bank account numbers, false signatures and false bank stamps. Some were presented as proof of funds but bank staff had testified that banks in Hong Kong did ...

    http://www.scmp.com/news/hong-kong/article/1474422/spelling-was-wrong-bogus-bank-documents-face-value-hk90b
  5. News - China - CHANGING FACES

    American investment adviser set up own dating website in Beijing

    Posted Mar 09th 2014, 05:51am by WU NAN

    ... in Beijing Alex Edmunds, 26, a Princeton graduate from Los Angeles, was on the golden path to investment banking. Today he is a matchmaker living in Beijing. Five years ago he came to China to study ... is compatible with your life. What I'm doing now is for passion. I consult for investment banks and work on the dating service as a hobby. In order to make the dating service website become ...

    http://www.scmp.com/news/china/article/1443735/american-investment-adviser-set-own-dating-website-beijing
  6. News - China - NATIONAL PEOPLE'S CONGRESS

    Li Keqiang stresses reducing reliance on fixed-asset investment for growth

    Posted Mar 06th 2014, 04:21am by Victoria Ruan

    ... financial institutions more power to set their own rates. State sector: Begin trials for investing state capital in corporate operations. Allow non-state capital in areas such as banking, oil, ... Victoria Ruan victoria.ruan@scmp.com Premier says leadership aims to cut economy's reliance on investment in fixed assets such as factories, and lays out financial sector reforms Li ...

    http://www.scmp.com/news/china/article/1441386/li-keqiang-stresses-reducing-reliance-fixed-asset-investment-growth
  7. Business - Banking & Finance - HONG KONG

    Investment banker jumps to death from JP Morgan’s headquarters in Central

    Posted Feb 18th 2014, 04:49pm by George Chen

    ... George Chen, Clifford Lo and Jeanny Yu An investment banker at JP Morgan jumped to his death from the roof of the bank's headquarters in Central yesterday. Witnesses said the man went ... to Ruttonjee Hospital in Wan Chai, where he was declared dead at 2.31pm. According to several JP Morgan employees, the man worked for the firm's investment-banking business in Hong Kong. ...

    http://www.scmp.com/business/banking-finance/article/1430296/man-leaps-death-jp-morgans-headquarters-central
  8. News - China - ENTERTAINMENT

    State-owned China Film Group invest millions in Hollywood productions Seventh Son and Warcraft

    Posted Apr 16th 2014, 04:08am by Angela Meng

    ... Angela Meng angela.meng@scmp.com China Film Group is hoping to buy some cinematic magic with an 'eight figure' investment in two Tinseltown productions State film group pours millions into Hollywood State-owned China Film Group Corporation (CFGC) has made an "eight-figure" equity investment in upcoming Hollywood productions- the first time the entertainment ...

    http://www.scmp.com/news/china/article/1483334/state-owned-china-film-group-invest-millions-hollywood-productions
  9. News - China - BANKING

    Bank of China vice-president resigns after allegations of affairs

    Posted Apr 19th 2014, 01:54pm by Staff Reporter

    ... Staff reporter Bank of China vice-president Wang Yongli resigns after being probed by the party's disciplinary body, which suspends him for unrelated issues Top manager quits despite being cleared of graft A vice-president of China's fourth-largest bank has resigned after he was investigated and subsequently cleared of suspicion of corruption by the Communist ...

    http://www.scmp.com/news/china/article/1488967/bank-china-vice-president-resigns-over-allegations-affairs
  10. News - Hong Kong - BROADCASTING

    HKTV makes fresh bid for licence, offering fewer channels and more investment

    Posted Apr 12th 2014, 02:42am by Vivienne Chow, Amy Nip

    ... to the previous 12, with an investment of HK3.4 billion over six years, six times the earlier figure. It said it had submitted the new application "in order to provide TV service in the regime ...

    http://www.scmp.com/news/hong-kong/article/1477070/hktv-makes-fresh-bid-licence-offering-fewer-channels-and-more

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