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  • September 17, 2014
  • Last updated: 9:30pm
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Results 1 - 10 of 62 for offshore yuan trading

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  1. Business - Comment - MONEY MATTERS

    Evergrande a case study in being too big to fail despite 350b yuan liability

    Posted Aug 30th 2014, 01:20am by Shirley Yam

    ... despite 350b yuan liability For those wanting to get below the surface of China's bad debt problems, nothing is more instructive than a look into the 350 billion yuan liability at Evergrande ... billion bank loan, 44.5 billion yuan in perpetual bonds that are held by banks and their high-net-worth clients and 61 billion yuan in trust borrowings. How the developer- sitting on 250 per cent ...

  2. Business - Companies - MONEY MATTERS

    SFC action hands ex-Citic Pacific directors a get-out-of-jail-free card

    Posted Sep 13th 2014, 04:47am by Shirley Yam

    ... as it suffered a HK$15 billion trading loss in 2008. That's the unwritten message from the Securities and Futures Commission's civil action against the princeling and his four former ... are not aware of any adverse material change in the financial or trading position of the group since December 31, 2007." On October 20, 2008, the company issued a profit warning for the massive ...

  3. Business - Comment - MONEY MATTERS

    Cutting salaries of SOEs' big bosses a mere populist move

    Posted Aug 23rd 2014, 01:03am by Shirley Yam

    ... the 2 million yuan pay for Jiang Jianqing, chairman of Industrial and Commerce Bank of China. Not much by international standards but quite generous when you consider the fact that he also enjoys ... million yuan excluding the deferred bonus. That is only 10,000-30,000 yuan above the pay of the other three chairmen. (The 2013 numbers for other banks are yet to be announced). In the eyes ...

  4. Business - Comment - MONEY MATTERS

    Entrusted loans can be an opaque state of affairs in China

    Posted Aug 02nd 2014, 01:21am by Shirley Yam

    ... know is that Chenming lent 1 billion yuan (HK$1.25 billion) to Shouguang Jin Choi Public Assets Management for two years at an interest rate of 10 per cent. The only means to assess the risk ... to the pledge of Jin Choi's 20 per cent stake, which it said is valued at 1.8 billion yuan. The company did not name the base of the valuation. Neither is there any independent appraisal. (That ...

  5. Business - China Business - MONEY MATTERS

    Old habits die hard for Chinese phoenix Guangdong Enterprises

    Posted Aug 08th 2014, 09:56pm by Shirley Yam

    ... government 30 billion yuan, according to the book's author Wu Jiesi, who was subsequently appointed the company's chairman after leading a successful debt restructuring. "There ... The principal sums are denominated in [yuan] and guaranteed by those banks upon the maturity date," its report said. From this, it sounds very much like financial products with mainland banks. Much ...

  6. Business - Comment - MONEY MATTERS

    Let's hope Hong Kong reputation finds a seat as through train sets off

    Posted Apr 12th 2014, 12:56am by Shirley Yam

    ... Shirley Yam Amid hype for cross-trading system, ponder how city's regulators will fare when chasing the crooks who hitch a ride on our global standing Let's hope HK reputation ... Kong and Shanghai are allowed to trade in each other's market. Yet everything comes with a price. After contributing money and know-how to the country's economic reform over the past ...

  7. Business - Comment - MONEY MATTERS

    Evergrande puzzles with buy-back on one hand, borrowing on the other

    Posted Jul 26th 2014, 01:23am by Shirley Yam

    ... to raise 500 million yuan (HK$625 million) through a trust loan of seven-month maturity, according to an offering document issued by Zhongrong Trust. "I wouldn't do such a short-term ... no longer approve new loans to developers until old ones are repaid. Say you owe banks A, B and C 500 million yuan each. You repay A with a short-term trust loan. Bank A lends you 500 million ...

  8. Business - Comment - MONEY MATTERS

    Yuan anti-speculation drive brings ill wind from the north

    Posted Apr 05th 2014, 01:04am by Shirley Yam

    ... Shirley Yam Currency's weakening trend poses threat to mainland companies expecting windfalls from their huge bets on it appreciating Yuan anti-speculation drive brings ill wind from the north As the yuan enters its sixth week of decline, financial officers at many mainland corporations are sweating. So should their shareholders. Among them would be China Chengtong Development, ...

  9. Business - Comment - MONEY MATTERS

    Princelings and patronage pose barriers to cleaner IPOs

    Posted Jul 05th 2014, 01:48am by Shirley Yam

    ... into the affairs of the China Securities Regulatory Commission, the mainland's top securities regulator. Thousands of jubilant investors expressed their approval on online trading forums. "At ... which ranges from a few millions to tens of millions of yuan, depending on the difficulty or urgency of the public offering. To begin with, one has to hire the right "public relations ...

  10. Business - Comment - MONEY MATTERS

    ICBC a laughing stock after inept effort to cook up orders

    Posted May 24th 2014, 01:09am by Shirley Yam

    ... on Powerlong's management and controlling shareholders. (According to the pros, you should never use friends and family members, who normally don't have a long enough trading record, to be professional and independent investors. Professional nominees are normally lined up more than a month before the IPO, providing not only a long trading record but also numerous offshore companies ...




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