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  • October 21, 2014
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  1. PetroChina debacle likely to prompt big regulatory changes

    Posted Jan 07th 2008, 12:00am by Wang Xiangwei

    ... chairman Wang Dongming told official news media the approval mechanism increased the moral risk, as many investors are led to believe government approval means it will bail them out if share prices ...

  2. B-grade way to offer A-list shares

    Posted Dec 03rd 2007, 12:00am by Wang Xiangwei

    ... When PetroChina launched its initial public offering on the mainland in late October, it was a darling for which mainland investors had waited so long. About 3.3 trillion yuan of orders were placed for its 66.8 billion yuan share offering, the world' ...

  3. Top mainland banker held in gambling probe

    Posted May 31st 2012, 12:00am

    ... of illegal gambling and the misappropriation of clients' money. Yang Kun (pictured), an executive vice-president of Agricultural Bank of China, was detained several days ago in Beijing ... received complaints about illegal gambling activities in Macau, sources said. Further investigation found Yang was involved in gambling-related activities, including the alleged misuse of money ...

  4. Yin-yang contracts must be stamped out

    Posted Feb 03rd 2010, 12:00am by Staff Reporter

    ... the taxman may be a signal of worse news to come. So-called 'yin-yang' contracts are a common but illegal practice to avoid paying taxes. Officials have long known about it, apparently, ... an overheating market if prices rise less than a paltry 8 per cent? The prevalence of 'yin-yang' property transactions has created many problems, such as frequent disputes between sellers ...

  5. Yang Chao retains China Life post

    Posted Jan 27th 2007, 12:00am by Jamil Anderlini

    ... Jamil Anderlini in Beijing Wu Yan named next PICC chairman in last-minute switch China Life Insurance chairman Yang Chao narrowly avoided being transferred to the helm of PICC Property ... Commission (CIRC) announced yesterday that China Life president Wu Yan- who was expected to replace Mr Yang at China Life- would take over PICC, whose head Tang Yunxiang is retiring. Sources close ...

  6. News - China - FINANCE

    Savers boosting bitcoin demand in China, exchange says

    Posted Nov 15th 2013, 05:26pm by Agence France-Presse in Singapore

    ... become big in China is because Chinese people are savers, and more people are seeing bitcoin as a way to store and invest their money,” Linke Yang, vice-president of BTC China, told reporters on the sidelines of a conference in Singapore. “There are boundless opportunities for BTC China and bitcoin in the next five years, you never know with the way the internet develops,” Yang said through ...

  7. Small lenders boom on mainland

    Posted Jun 04th 2012, 12:00am

    ... of the microcredit firm's office and conversations with its wealth manager, Wang decided his savings should be safe at least for a short period of perhaps up to a year. The Yangs' money is now ... Jane Cai in Beijing xuejun.cai@scmp.com For Mr and Mrs Yang, a couple in their 60s, it did not seem like a difficult decision to make. They withdrew millions of yuan from a savings deposit ...

  8. Court battle reopening over Nina Wang's will

    Posted Jan 10th 2011, 12:00am by Austin Chiu

    ... Austin Chiu The battle over the HK$100 billion estate of Nina Wang Kung Yu-sum reopens today, with fung shui master Tony Chan Chun-chuen striving to overturn a court decision that found he had forged a will. Chan had claimed that Chinachem tycoon Wang, who died in 2007, left him her money out of love in a 2006 will, while the Chinachem Charitable Foundation claimed it had been ...

  9. Warning prompts suspension of trading in BaWang shares

    Posted Sep 11th 2010, 12:00am by Celine Sun

    ... Celine Sun Trading in BaWang International Group shares was suspended yesterday after the mainland's drugs authority warned that packaging of two of its men's herbal shampoo ... that the action will further tarnish the shampoo-maker's health-conscious image and hurt its market share. The price of BaWang shares dropped 7.27 per cent to HK$3.57 before trading was suspended ...

  10. Foreign investors blamed for surge in property sector

    Posted Apr 26th 2006, 12:00am by Minnie Chan

    ... Science, Yang Shen, former deputy director of the ministry, blamed foreign investors for soaring property prices in mainland centres including Beijing, Shanghai and Guangzhou. Mr Yang identified ... malls, even though the assets cost 20,000 to 30,000 or even 100,000 yuan per square metre.' Mr Yang said it was also easy for foreign investors to tender for big projects through ...




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