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  • July 23, 2014
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  1. News - China - BANKING AND FINANCE

    Qilu Bank's lawsuit against government finance body exposes rift in China's debt market

    Posted Jul 02nd 2014, 12:58pm by Reuters

    ... Reuters in Shanghai Case is odd also because the government lending vehicle is a stakeholder in the bank, according to observers A Chinese bank is suing a local government financing vehicle over a bad loan in a rare public display of a deepening rift between lenders and borrowers in China's murky US$3 trillion local debt market. Qilu Bank, based in the city of Jinan ...

    http://www.scmp.com/news/china/article/1544850/qilu-banks-lawsuit-against-government-finance-body-exposes-rift-chinas
  2. News - Hong Kong - STOCK MARKET

    Carson Yeung's investment firm, Birmingham International, suspends HKEx trading

    Posted May 26th 2014, 03:55pm by Staff Reporter

    ... Staff Reporter Carson Yeung firm in talks to sell stake in soccer club Birmingham International Holdings (BIH), the investment firm of jailed businessman Carson Yeung Ka-sing, announced ... The company has applied for the resumption of trading today. Yeung, who was sentenced to six years in prison in March for laundering HK$721 million through five Hong Kong bank accounts between 2001 ...

    http://www.scmp.com/news/hong-kong/article/1519644/carson-yeungs-investment-firm-birmingham-international-suspends-hkex
  3. News - China - BRICS

    BRICS group of nations sets up development bank to rival IMF, World Bank

    Posted Jul 16th 2014, 09:36am by AFP

    ... billion development bank by granting China its headquarters and India its first rotating presidency. Brazil, Russia and South Africa were also granted posts or units in the new bank. The leaders ... Monetary Fund and the World Bank, where BRICS countries have been seeking more say. "The BRICS are gaining political weight and demonstrating their role in the international arena," ...

    http://www.scmp.com/news/china/article/1555232/brics-development-bank-be-headquartered-shanghai-first-president-indian
  4. News - Hong Kong - VIRTUAL CURRENCY

    Li Ka-shing boosts bitcoin investments amid currency crackdown in China

    Posted May 14th 2014, 06:38pm by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Asia’s richest man Li Ka-shing has boosted his investment in bitcoin, in a vote of confidence for the beleaguered digital currency, amid a crackdown on its ... of dollars, into Bitpay, the bitcoin equivalent to PayPal, through his venture capital investment company Horizons Ventures. Bitpay has raised US$30 million (HK$233 million) in Series A funding ...

    http://www.scmp.com/news/hong-kong/article/1512113/li-ka-shing-boosts-bitcoin-investments-amid-currency-crackdown-china
  5. News - Hong Kong - ECONOMY

    Li Ka-shing’s rumoured plan to reduce investments ‘could damage Hong Kong’

    Posted May 09th 2014, 11:41pm by Sandy Li and Peggy Sito

    ... Sandy Li and Peggy Sito Report by central government think tank warns tycoon's reputed plan to reduce his investments in city could hit its economic competitiveness Li Ka-shing rumours 'may hurt Hong Kong' Li Ka-shing's apparent move to reduce his investments in Hong Kong could damage the city's economic competitiveness, says a study by a central ...

    http://www.scmp.com/news/hong-kong/article/1508724/li-ka-shings-rumoured-plan-reduce-investments-hong-kong-could-hurt
  6. News - World - DIPLOMACY

    President Xi Jinping meets Fidel Castro as Beijing aims to capitalise on Cuba ties

    Posted Jul 23rd 2014, 10:08am

    ... the survival of humanity' President Xi Jinping visited Cuban revolutionary leader Fidel Castro in Havana on Tuesday as he aims to expand investment in the fellow communist nation, his last stop ... opening up its economy in 2008, but has not grown as much as hoped and could desperately use more Chinese investment. [China and Russia] are two countries called to lead a new world ...

    http://www.scmp.com/news/world/article/1557423/president-xi-jinping-meets-fidel-castro-during-trip-cuba
  7. News - China - SHENZHEN

    Three dead, eight injured in Shenzhen as awning collapses outside bank during downpour

    Posted Jul 19th 2014, 03:40am by HE HEIFENG

    ... Huifeng He huifeng.he@scmp.com Woman recalls how friend, buried in rubble, phoned for help but could not be saved Three dead, eight injured as bank awning collapses Three people died and eight others were injured in Shenzhen yesterday morning when a 20-metre-long awning of a local bank collapsed amid rain from Super Typhoon Rammasun. The accident happened at about 11.30am as 30 ...

    http://www.scmp.com/news/china/article/1556521/three-dead-eight-injured-shenzhen-awning-collapses-outside-bank-during
  8. News - China - INTERNATIONAL RELATIONS

    China, US investment treaty talks set to dominate Beijing summit

    Posted Jul 09th 2014, 04:40am by Teddy Ng

    ... Teddy Ng in Beijing teddy.ng@scmp.com Investment treaty talks to take priority at summit Chinese and US officials have said negotiations on a treaty that aims to open up investment in both ... identified on a so-called negative list, guaranteeing investors from both nations the right to buy, sell and maintain investments without discrimination on grounds of national origin. Kenneth ...

    http://www.scmp.com/news/china/article/1549853/china-us-investment-treaty-talks-set-dominate-beijing-summit
  9. News - Hong Kong - POLITICS

    Jimmy Lai paid Paul Wolfowitz US$75,000 for help in Myanmar

    Posted Jul 23rd 2014, 04:01am by ALEX BOOKBINDER, Patrick Boehler

    ... defence secretary Paul Wolfowitz US$75,000 for his help with projects in Myanmar. According to a July 22, 2013, remittance notice by the Shanghai Commercial and Savings Bank, Wolfowitz received ... It remains unclear what services the former World Bank president provided to Lai. Wolfowitz continues to head the US Taiwan Business Council and is a scholar at the American Enterprise Institute, ...

    http://www.scmp.com/news/hong-kong/article/1557390/jimmy-lai-paid-paul-wolfowitz-us75000-help-myanmar
  10. News - China - DIPLOMACY

    China sees itself taking key role in proposed BRICS international bank

    Posted Jul 16th 2014, 02:58am by Teddy Ng, AFP

    ... Teddy Ng in Beijing and Agence France-Presse in Fortaleza, Brazil China eyes key role in proposed BRICS bank China is positioning itself as a major player in providing alternative ... yesterday to sign off on a new development bank and a reserve fund they hope can act as a counterweight to Western-led financial institutions. The bank will have initial capital of US$50 billion, ...

    http://www.scmp.com/news/china/article/1555048/china-sees-itself-taking-key-role-proposed-brics-international-bank

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