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  • Mar 3, 2015
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Blue blood banks

Blue blood banks

Jasper Moiseiwitsch offers a guide to private banking in Hong Kong.

Monday, 30 April, 2012, 12:00am

Banks complete buyback, more coming?

Bank tellers sit in a branch office of the Industrial and Commercial Bank of China (ICBC) in Hong Kong. Photo: AP

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.

12 Apr 2013 - 5:30pm

Leaders of BRICS nations seen to launch a joint development bank

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.

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

Hostages freed from Japan bank after police find captor sleeping

Japanese police raid the Zoshi branch of the Toyokawa Shinkin Bank to rescue hostages after a 12-hour standoff. Photo: AFP

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

Incentive talk stops panic sell-off in Shanghai stock market

A reduction in the reserve ratio would free up cash that could be invested in the market, underpinning share prices.

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

Occupy Central, it's time to pack up

Security guards record the number of Occupy Central protestors and their properties at the HSBC headquarters in Central on August 29, 2012. Photo: Dickson Lee

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 posts sharply lower profit growth

While BOC's bad loans fell 377 million yuan to 63.6 billion yuan in the first half, total overdue loans rose 17 per cent. Photo: Sam Tsang

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

Wuxi residents unsettled as police stage bank robbery for training exercise

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

Investors cheer Standard Chartered settlement with New York

Investors cheer Standard Chartered settlement with New York

Investors in Hong Kong cheered news that Standard Chartered bank had reached a settlement with New York financial regulators by sending the British bank's shares higher, in a weaker overall stock market.

16 Aug 2012 - 3:47am

Bad loans rise at Chinese banks

The level of bad loans in mainland banks rose in the April-June period, marking the third straight quarter of increases for the first time in eight years - and signs point to more sour debt ahead.

16 Aug 2012 - 3:54am

ANZ may sell stakes in Asian banks

Australia and New Zealand Banking Group would consider selling some of its stakes in Asian banks to free up capital or if it sees better opportunities to meet its "super-regional" strategy, its chief executive said.

16 Aug 2012 - 9:33am

Hong Kong's Occupy protesters defy eviction order, brace for clash with police

Occupy Central's activists have been ordered to leave their base under HSBC headquarters in Central - but some have vowed to stay. Photo: David Wong

Occupy Central protesters were last night preparing for a clash with police after being given a fortnight to vacate their camp under HSBC headquarters on the orders of the High Court.

Yesterday's ruling looked set to end one of the world's longest-running anti-capitalism camps, but some defiant occupiers said police would have to move them by force.

14 Aug 2012 - 7:50pm

Business Diary, August 14

Thursday, August 16: Hong Kong Securities Institute morning session: "M&A transactions: a practical guide for banks and financial institutions". Cliftons.

14 Aug 2012 - 9:43am