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  • July 11, 2014
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  1. Sullivan banks on long run

    Posted Feb 26th 2005, 12:00am by Richard Castka

    ... One of the key figures behind the growth of the race talks to Richard Castka about its bright future Standard Chartered Bank sees the Hong Kong Marathon as a long-term investment, says chief executive Peter Sullivan. Its growth has far outstripped any savings plan offered by the bank but changes will have to be made to cope with the running boom, he says. Prize money ...

  2. Bank proves a heavyweight in charity stakes

    Posted Dec 13th 2004, 12:00am by Annemarie Evans

    ... the end-of-year party,' said Paul Calello, Asia-Pacific chairman and chief executive officer of the bank. 'We hadn't had one for four years, but we brought it back this year ... for the necessary tub. So they put their heads together again and came up with sumo wrestling. At Exchange Square on Friday evening, eight senior executives from the bank donned sumo wrestling outfits ...

  3. Minsheng Banking cleared to seek HK flotation

    Posted Mar 26th 2005, 12:00am by Staff Reporter

    ... said a Minsheng offering was likely to be well-received by foreign investors, who have few avenues for investment into the mainland banking sector. Prospective investors may, however, demand ... at Minsheng's heels in the race to become the first mainland bank to tap foreign portfolio investment abroad. CSRC's approval for Minsheng's Hong Kong flotation came despite lingering ...

  4. Leaders must get priorities straight before floating scandal-prone banks

    Posted Mar 21st 2005, 12:00am by Wang Xiangwei

    ... International Capital Corp, a joint venture investment bank, largely between China Construction and Morgan Stanley. As mainland officials have refused to reveal the reasons behind Mr Zhang's ... cannot afford to lose,' Premier Wen Jiabao said about the competence and accountability of state banks' management at his annual press conference on March 14 last year. ...

  5. China banks not ripe for listing

    Posted Jun 27th 2005, 12:00am by Staff Reporter

    ... here later this year. Major mainland banks intent on selling shares internationally faced the challenge of convincing potential investors of their investment value, analysts said. 'What we ... State injections cloud lenders' balance sheets and, consequently, their full potential, writes Bei Hu The past year has seen a flurry of subordinated debt issues by Chinese banks ...

  6. Hang Seng Bank targets CCB to hold QFII funds

    Posted Jun 25th 2004, 12:00am by Staff Reporter

    ... Andrew K. Collier in Beijing Hang Seng Bank has received approval to invest US$50 million in domestic stocks under the qualified foreign institutional investor (QFII) programme. The bank has chosen China Construction Bank (CCB) to hold the funds in the mainland. Hang Seng intended to seek approval to increase the investment limit once it had experience in the A-share market, ...

  7. Banks call in $75m loans to bag firm

    Posted Feb 24th 2005, 12:00am by Denise Tsang

    ... Denise Tsang Bank creditors of beleaguered Wealthmark International (Holdings) have called in outstanding loans worth $75 million, the company says. The company also revealed yesterday ... offences took place in 2001. Wong is scheduled to appear in Eastern Magistracy today for trial. Without a new repayment agreement, Wealthmark would struggle to the meet the banks' repayment ...

  8. Can't afford a nose job? Get a bank loan

    Posted Jun 16th 2004, 12:00am by Staff Reporter

    ... to anyone looking to go under the knife. But the offer has been slammed as 'ridiculous' by a prominent Beijing-based sociologist. The Citic Industrial Bank and the Chengdu Rongzhong Credit ... given by the Citic Industrial Bank ranging from 2,000 yuan to 50,000 yuan. In addition to the loan repayments and interest, the borrowers will have to pay the guarantee company a fee of 3 per ...

  9. China Life IPO puts banks on 7am start

    Posted Dec 11th 2003, 12:00am by Christine Chan

    ... Bei Hu, Hui Yuk-min and Christine Chan Fifty-three bank branches will open two hours early today in anticipation of overwhelming investor response on the last day that mainland giant China Life Insurance's hotly contested initial public offering (IPO) is available for retail subscription in Hong Kong. The banks will accept applications from 7am until midday from China Life ...

  10. Mainland bank stalls sale plan in wait for bailout

    Posted Apr 06th 2005, 12:00am by Staff Reporter

    ... takeover of China Investment Bank, as well as connected transactions with other Everbright firms that have deteriorated into non-performing assets. 'As their appeals are being considered ... Investment Bank, a debt-ridden policy lender, at the government's behest. Everbright Bank made a 14.77 billion yuan provision for the lender's bad debts in 2001. It also had outstanding ...




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