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  1. Business - Companies - SECURITY

    Huawei committed to cyber-security

    Posted Nov 01st 2012, 12:00am by BLOOM

    ... Bloomberg in Ottawa Huawei says its success depends on transparency Huawei Technologies is committed to protecting cyber-security and working with governments in a transparent way, ... to address issues related to the protection of global supply chains, and cyber-security", Yang said. "We are incorporated in Canada," he said. "We follow Canadian laws ...

  2. News - Hong Kong - LABOUR

    Security guard claims contract excluded minimum wage law

    Posted Aug 21st 2012, 12:00am by ADA

    ... Ada Lee ada.lee@scmp.com 78-year-old says he was paid just HK$13 an hour, well below the HK$28 minimum, with no leave Guard claims HK$222,000 under wage laws A 78-year-old security guard ... than a year, Lam Seck-chai said his employer paid him less than HK$5,000 a month, or about HK$13 an hour. Lam, who left his job as a security guard in a Sham Shu Po building last month, lodged ...

  3. Citic Securities stock falls as firm buys into CLSA

    Posted Jul 24th 2012, 12:00am

    ... Toh Han Shih hanshih.toh@scmp.com Shares in Citic Securities dropped yesterday following news that the mainland investment bank will purchase a minority stake in Hong Kong-headquartered brokerage CLSA. In Hong Kong the stock fell 7.3 per cent to HK$13.48, while the Shanghai share price fell 4.1 per cent to 12.30 yuan. On Friday, it was announced that Citic Securities had completed ...

  4. No halt to IPOs, says securities regulator

    Posted Jul 16th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com The mainland's securities watchdog has rejected a call from some investors for a halt to initial public offerings as a means to prop up the weak domestic ... the China Securities Regulatory Commission (CSRC) said in a statement on its website on Saturday. The statement added that past experience had shown that interfering in the supply of new shares ...

  5. Well-known face in HK securities charged

    Posted Jul 14th 2012, 12:00am

    ... of Hong Kong, and together with Hong Kong Securities Clearing Company formed Hong Kong Exchanges and Clearing. Kwan was head of the group risk management division at Hong Kong Exchanges ... The Hong Kong Economic Journal reported in April that the ICAC had issued a notice demanding the securities account information of six Hong Kong securities dealers. Kwan and Thomas Chan Kui-yuen, ...

  6. More scrutiny for Huawei, ZTE as security fears linger

    Posted Jun 23rd 2012, 12:00am

    ... the American lawmaker who is investigating the two companies all but accused them of being national security risks. Congressman Mike Rogers, chairman of the US House of Representatives' Intelligence Committee, said on Thursday that Huawei and ZTE may be selling subsidised gear in the US and legislation could be proposed to deal with any related national security threat, Reuters ...

  7. Fix the cracks in securities oversight

    Posted Jun 09th 2012, 12:00am

    ... The Legco subcommittee rightly cited a division of authority between the Securities and Futures Commission and the HKMA for an inadequate response to irregularities in the selling of minibonds ... and investors, that lawmakers took three years to complete their inquiry and issue a report, at a cost of HK$28 million. If the government adopts the suggestion of bringing all regulation of securities ...

  8. Princeling manager to exit citic securities

    Posted Jun 13th 2012, 12:00am

    ... George Chen george.chen@scmp.com Liu Lefei, a senior executive at Citic Securities, China's No 1 brokerage, is set to leave to pursue personal interests, amid growing concern ... yesterday that Liu had resigned as chairman of Beijing-based Citic Private Equity Funds Management, a unit of Citic Securities. Wang Dongming, chairman of the parent company, would temporarily ...

  9. Barclays looks for securities partner

    Posted May 08th 2012, 12:00am

    ... Chinese securities firms with a view to a possible partnership, including Chongqing-based Southwest Securities. Beijing is opening up the financial services industry to foreign investors, allowing them to take up to a 49 per cent stake in securities ventures on the mainland. The liberalisation was announced last week during the annual Sino-US Strategic and Economic Dialogue in Beijing. ...

  10. Securities official in graft probe

    Posted Apr 16th 2012, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com A high-ranking securities official has been detained and questioned by police on suspicion of corruption and insider trading in the latest scandal to rock the reputation of the mainland's securities watchdog. Wu Xuequn, a deputy secretary general of the China Futures Association, an industry association that falls under the control ...




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