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  • October 23, 2014
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  1. Subway Managers Sacked for crash

    Posted Oct 07th 2011, 12:00am

    ... people. Xinhua reported last night that three members of the Shanghai Metro management staff, who were in charge of Line 10's control centre at the time, have been fired. The general manager of the subway operator was demoted as a result of an investigation that blamed the accident on human error and a failure to carry out risk assessments or follow safety procedures. Seven of the remaining ...

  2. JP Morgan aims to be biggest player in fund management market

    Posted Nov 19th 2010, 12:00am by Nick Westra

    ... Nick Westra JP Morgan Asset Management has carved a niche for itself as one of the leading overseas fund houses in town, but chairman Paul Bateman has his sights set on the firm becoming ... with the South China Morning Post. 'That's a very, very big thing we have to achieve.' Overseas fund managers have traditionally focused their attention on developed markets like ...

  3. Business - Comment - MR. SHANGKONG

    Investors shocked to discover fund managers' private views

    Posted Feb 25th 2013, 12:00am by George Chen

    ... George Chen After a conversation between a fund manager and an analyst was leaked, investors digested private opinions at odds with their public comments Investors shocked to discover fund managers' private views The past week proved to be a scandalous one for the mainland's stock market. A private conversation about the market outlook between one of the mainland's most ...

  4. Business - Banking & Finance - BANKING

    Shanghai allows city-owned firm to buy bad loans from local banks

    Posted Mar 07th 2014, 02:40pm by Reuters

    ... asset management companies in 1999 to clear bad loans from the balance sheets of the biggest state-owned banks. They bought about 2.38 trillion yuan in bad loans between 1999 and 2008. In 2012, the Ministry of Finance authorised local governments to establish local asset management firms to do the same for local banks. The first bad-loan purchase by Shanghai State-owned Assets may be of bank ...

  5. Market leader opens more serviced sites

    Posted May 09th 2011, 12:00am

    ... to major corporations looking for workspace solutions that offer a smarter, risk-free choice than traditional commercial property.' New occupants are already giving positive feedback. ...

  6. Business - China Business - RETAILING

    Shanghai outlet centre to promote affordable Italian luxury

    Posted Feb 27th 2014, 10:21am by Daniel Ren

    ... "luxury", some are more upbeat about the sector on the mainland. Richard Ding, chief executive of Shanghai Zonfa Commercial Management, says a correct reading of the luxury market would help restore ... to be well-founded. Global management consultancy McKinsey estimates that a new class of consumer is emerging on the mainland in tandem with increasing disposable income. Describing them as "new ...

  7. News - Hong Kong - DEVELOPMENT

    Hong Kong risks losing competitive edge over Shanghai, think tank says

    Posted Dec 06th 2012, 12:00am by Tony Cheung

    ... Tony Cheung tony.cheung@scmp.com HK risks losing competitive edge, think tank says Hong Kong continues to be China's most competitive city, but its could be replaced by Shanghai in a few years if it does not develop new industries and build on its advantages, a local think tank chief says. Rankings released yesterday by the China Institute of City Competitiveness put Hong ...

  8. Business - Comment - MR. SHANGKONG

    Hong Kong's top ranking for economic freedom feels a good laugh

    Posted Jan 20th 2014, 12:15am by George Chen

    ... the Economist group's advisory service unit for senior corporate executives issued a warning on the outlook for Hong Kong's business. It said the city was "at serious risk of losing its ...

  9. Business - Banking & Finance

    Regulation delay puts foreign banks in a spot in Shanghai free-trade zone

    Posted Jan 14th 2014, 08:51am by Jeanny Yu; George Chen

    ... not see any actual impact," said Jack Chan, a managing partner of financial services for the Greater China region at Ernst & Young, one of the world's Big Four accounting firms. ... in key areas of financial reforms, such as interest rate liberalisation, free convertibility of funds and foreign exchange management among others. However, analysts found the six-page blueprint ...

  10. Crash probe targets managers

    Posted Sep 16th 2011, 12:00am

    ... was a management 'black hole' that had allowed the Shanghai Railway Bureau to continue services even though they were aware of equipment failure in unusual weather. Luo Lin , director ... machines are safe. Our workers work hard. But all failed to prevent the tragedy from happening because of bad management,' he said. He said investigators identified management issues ...




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