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 buybacks soon.Friday, 12 April, 2013, 5:30pm
The grouping of Brazil, Russia, India, China and hosts South Africa will meet in Durban to set up an infrastructure-focused lender that would challenge seven decades of dominance by the World Bank.25 Mar 2013 - 6:12am
Japanese police rescued four hostages from a bank yesterday and arrested the knife-wielding man who had held them captive for more than 12 hours while demanding the prime minister resign, officials said.24 Nov 2012 - 3:11am
The mainland stock market crashed through a psychologically important level yesterday before a rumour about an incentive policy helped it recover early losses to finish higher.22 Nov 2012 - 4:08am
The real message from Occupy Central does not come from the protest group but from the way the rest of us have tolerated its antics. The remnants of the unruly, self-styled anti-capitalist gathering are facing eviction. Rest assured, though, they will not face the same brutal police tactics as their far more successful and worthy Occupy colleagues did in New York and London.31 Aug 2012 - 10:21pm
Bank of China, the mainland's fourth-largest lender by assets, says profit growth slowed sharply in the first half of this year because of a weaker economy, regulatory changes and the absence of one-time gains that bolstered earnings last year.24 Aug 2012 - 3:36am
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 a "citizen" outside the bank, hijack a car and speed away.17 Aug 2012 - 4:17am
Occupy Central protesters say they will keep fighting to remain in a public walk-through area beneath HSBC's headquarters in Central, no matter how a court rules on the bank's request for an injunction.15 Aug 2012 - 11:23pm
Friday, August 10: British Chamber of Commerce lunch: 'State secrets in China in 2012: A recap on the fundamentals and a look at recent developments'. British Consulate General.
Thursday, August 16: Hong Kong Securities Institute morning session: 'M&A transactions: A practical guide for banks and financial institutions'.15 Aug 2012 - 11:15pm
One of the three Iranian banks named by the US regulator for illegal dealings with Standard Chartered Bank has been operating in Hong Kong for more than a decade but has been barred from taking new clients here since 2008.
The South China Morning Post yesterday visited the Hong Kong office of Melli Bank and found it was business as usual for the staff members.15 Aug 2012 - 11:10pm
Bank of East Asia, Hong Kong's fifth-largest lender by assets, posted higher first-half earnings but warned that the quality of its assets on the mainland was deteriorating and the spread was narrowing between the bank's cost of funds and its loan income.15 Aug 2012 - 10:58pm
Standard Chartered Bank will continue to invest and hire in the second half of this year, after posting record first-half profits for the 10th consecutive year.
Net profit rose 12 per cent to US$2.8 billion compared with the same period last year, boosted by growth across all regions except India, where non-performing loans jumped 2.5 times to US$649 million.15 Aug 2012 - 10:51pm
HSBC, Europe's biggest bank by assets, says it remains 'confident' about its growth in China as the outlook in Europe and other Western economies is expected to stay 'subdued'.
The bank, which yesterday reported a 11 per cent gain in first-half pre-tax profit, said demand from fast-developing markets including Hong Kong and mainland China would drive its revenue growth.31 Jul 2012 - 12:00am
Anyone who has typed the dots and dashes of an SOS distress call will appreciate the similarities to the present global race to cross the t's and dot the i's as we focus on the emergency response to the Libor rate-setting scandal.25 Jul 2012 - 12:00am
To its many Hong Kong shareholders and customers HSBC remains their bank and a pillar of society, even if its identity has now been globalised. They would have been dismayed, therefore, with the blemished image that emerged from Washington last week. The US has not been a happy hunting ground for HSBC, after a disastrous venture into subprime consumer loans. Now, the hunter is the hunted.23 Jul 2012 - 12:00am