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  • September 19, 2014
  • Last updated: 11:07am
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Results 1 - 10 of 24 for state-owned enterprise

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  1. News - China - FINANCE

    UBS orders internal probe as banker is named in affair, graft allegations against state firm chairman

    Posted Apr 16th 2014, 11:07am by George Chen, Amy Li, Ray Chan

    ... Chinese state-owned enterprises, the sources told the Post. Wang Wenzhi, a Chinese journalist who last year publicly accused Song Lin, the 51-year-old chairman of state-owned conglomerate China ... with the chairman of a state-owned conglomerate and helping him launder large amounts of money gained from allegedly corrupt deals. The bank's legal and compliance department has looked into reports ...

  2. Business - Banking & Finance - FINANCE

    Mounting bad debts rock 'the cradle' of enterprise in Wenzhou

    Posted Oct 10th 2012, 12:00am by Kwong Man-ki

    ... in a decade, the state-owned China Securities Journal said yesterday, citing unnamed officials. By comparison, bad debts were just 0.37 per cent of total loans at the end of August last year. ... rock'the cradle' of enterprise The rapid growth in the level of bad loans in the entrepreneurial hub of Wenzhou is raising danger signs about a potential deterioration in credit quality ...

  3. Business - Banking & Finance - FINANCE

    Top UBS banker Zhao Ju takes sabbatical for Harvard politics course

    Posted Oct 22nd 2013, 01:52pm by George Chen

    ... in his career," the source said. The "system" can refer to important government departments or major state-owned enterprises. During Zhao's leave, his colleague Wei Cai ... profile deals including mega listings for PetroChina, New China Life, and other major mainland state-owned enterprises. Before joining UBS, Zhao was the head of investment banking at Galaxy ...

  4. Business - Banking & Finance - FINANCE

    Freedom on China's loan rates symbolic, analysts say

    Posted Jul 21st 2013, 12:00am by Victoria Ruan

    ... pledged to deepen financial reforms in an attempt to ensure a better distribution of resources in the market and correct distortions caused by a pricing system that is dominated by state-owned ... a likely move down the road, though the timing is highly uncertain." The artificial gap between the lending and deposit rates set by the central bank has helped major state-owned lenders, ...

  5. Business - Banking & Finance - FINANCE

    JPMorgan’s top China banker Fang Fang to retire, as colleague Frank Gong gets promotion

    Posted Mar 24th 2014, 10:20am by George Chen, Ray Chan

    ... of winning deals from major state-owned firms. The reports revealed JP Morgan's hiring of the son of China Everbright Group's chairman, Tang Shuangning, and a former railway official's ... the US bank in August 2001 from Beijing Enterprises, where he was a former vice-president of the investment firm controlled by the government of the capital city. Fang was promoted ...

  6. News - China - FINANCE

    Risk aversion, rather than financial reform, likely to top NPC agenda

    Posted Mar 04th 2014, 05:37pm by JANE CAI

    ... governments and state-owned enterprises received the bulk of funding in the economic stimulus following the 2008-09 global financial meltdown. White elephants and excessive industrial capacity were ... create more competition for existing big state-owned lenders. This is just one example of China’s interests in opening its financial markets further, which is supported by the City of London. “Of ...

  7. News - China - FINANCE

    Macau casinos to be handed card scam deadline

    Posted May 13th 2014, 11:44pm by Niall Fraser

    ... billion) last year. The crackdown will be backed by Beijing, which controls state-owned China UnionPay. The past week's developments- which rattled normally high-performing casino stocks- come ...

  8. News - China - FINANCE

    Chinese banks given freedom to set lending rates

    Posted Jul 19th 2013, 07:43pm by Kwong Man-ki and Victoria Ruan

    ... would risk turning off the cash taps to thousands of inefficient state-owned enterprises (SOEs), just as the economy is suffering its slowest patch of growth in a year. Most bank loans in China ...

  9. Business - Banking & Finance - FINANCE

    Hong Kong Monetary Authority chief pledges support for US dollar peg

    Posted Jul 07th 2014, 11:27pm by Enoch Yiu

    ... activities and products in Hong Kong, providing an unparalleled one-stop financing, investment and wealth management platform for individuals and enterprises," Chan wrote. Chan said in his ...

  10. Business - Banking & Finance - FINANCE

    CCB offers yuan bonds in London

    Posted Nov 03rd 2012, 12:00am by PHOENIX KWONG

    ... CCB offers yuan bonds in London State-owned China Construction Bank (CCB) is planning to sell up to 2.5 billion yuan of offshore yuan-denominated bonds in London, a sign that Beijing ... sum bond issue is expected to be rated A. Taiwan could be the next market to attract companies wanting to issue dim sum bonds, Chung said. "Many Taiwanese enterprises are holding ...




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