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  1. Wenzhou 'role model' flees amid fraud probe

    Posted Jun 06th 2012, 12:00am

    ... Lending rates so-called shadow banks in Wenzhou demanded on loans in April, according to the central bank's branch there ... Celine Sun in Beijing celine.sun@scmp.com Lin Chunping, a Wenzhou businessman who made headlines when he claimed to have bought an American bank, has fled the city amid allegations that he ...

    http://www.scmp.com/article/1003149/wenzhou-role-model-flees-amid-fraud-probe
  2. Mainland firms fear credit crunch

    Posted Jun 06th 2012, 12:00am

    ... companies and small businesses are forced to tap funds through so-called shadow banks. Shadow banks are private lenders operating out of pawnshops and credit agencies which charge as much as 21 per ... Enoch Yiu enoch.yiu@scmp.com A third of mainland companies surveyed by credit insurer Coface say one of their biggest concerns this year is that many firms may have difficulty getting bank ...

    http://www.scmp.com/article/1003153/mainland-firms-fear-credit-crunch
  3. Bankers here for the people? No, themselves

    Posted Oct 20th 2010, 12:00am by Kevin Rafferty

    ... 'there is still no harmonisation of accounting practices on all the shadow banking apparatus, special purpose vehicles, derivative netting and repos'; regulatory risk ratings 'are still ... Kevin Rafferty Standard Chartered Bank has an advertisement currently running on television that is both eye-catching and should be thought-provoking. Leaving aside some superb photography ...

    http://www.scmp.com/article/728046/bankers-here-people-no-themselves
  4. Digital China, Misys tap into lenders market

    Posted Jan 18th 2008, 12:00am by Staff Reporter

    ... with great potential but one that has been lying in the shadow of state-owned commercial banks. Both parties consider the market- estimated to have as many as 30,000 players- to be their main growth target, especially after major state and city-level banks complete their reshuffling to compete head to head in the high-end market. 'There are so many small banks and credit unions ...

    http://www.scmp.com/article/623349/digital-china-misys-tap-lenders-market
  5. News - World - DIPLOMACY

    Leaders of BRICS nations seen to launch a joint development bank

    Posted Mar 25th 2013, 12:00am by AFP

    ... Agence France-Presse in Durban Emerging nations prepare to challenge dominance of World Bank with possible US$10b seed money from each country BRICS set to open alliance bank Leaders from the BRICS emerging nations are expected to launch a joint development bank to rival western-dominated institutions at a summit beginning tomorrow. The grouping of Brazil, Russia, India, China ...

    http://www.scmp.com/news/world/article/1198818/leaders-brics-nations-seen-launch-joint-development-bank
  6. Comment - Blogs

    Banks complete buyback, more coming?

    Posted Apr 12th 2013, 05:30pm by Doug Young

    ... Doug Young Recent buybacks of ICBC and AgBank shares look modestly successful, raising the possibility of more buybacks in the next 12 months. New statements from two of China's top four banks indicate a recent share buyback by their state-owned controlling stakeholder is done, raising the question of just how effective the program was and whether we might see more similar ...

    http://www.scmp.com/comment/blogs/article/1213065/banks-complete-buyback-more-coming
  7. Altered images

    Posted Oct 11th 2005, 12:00am by Suzanne Harrison

    ... LIBBY ARMSTRONG WAS about to go back to her marketing job with an international bank in Hong Kong. But after 18 months of caring for two small children, she felt her look needed a boost. Through ... After 20 years of applying eye shadow and eyeliner the same way, it was certainly time to change.' Armstrong says he motivation was to ensure she projected the best image when meeting ...

    http://www.scmp.com/article/519891/altered-images
  8. News - China

    Wuxi residents unsettled as police stage bank robbery for training exercise

    Posted Aug 17th 2012, 12:00am by STEPHEN CHEN

    ... Stephen Chen binglin.chen@scmp.com Public upset police staged bank raid for officer drill Residents of Wuxi in Jiangsu province were left confused after police staged an armed robbery exercise at a bank on a crowded street in the city without first informing the public. People became alarmed after they saw two knife-wielding "robbers" grab a bag of cash from ...

    http://www.scmp.com/news/china/article/1016548/wuxi-residents-unsettled-police-stage-bank-robbery-training-exercise
  9. Big lenders in dilemma over SMEs

    Posted Sep 01st 2005, 12:00am by Staff Reporter

    ... Bei Hu The recent government policy directive to expand lending to small and medium-sized enterprises (SMEs) presents a real dilemma for major mainland banks. Emerging from the shadow of decades of state control and frequent government interference, banks are finding it impossible to ignore the order to support SMEs, often non-state-owned, that make up 99 per cent of mainland ...

    http://www.scmp.com/article/514356/big-lenders-dilemma-over-smes
  10. Governments have much to do with bankers' bonuses

    Posted Jan 12th 2012, 12:00am

    ... Jake van der Kamp As the financial year end draws to a close, the bonus payout plans of the world's largest banks are coming under the spotlight again, and governments will likely criticise banks that make excessive payouts. SCMP, January 9 It was hardly a prediction. Only one day earlier British Prime Minister David Cameron let loose on a rant about excessive compensation ...

    http://www.scmp.com/article/989958/governments-have-much-do-bankers-bonuses

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