City of London

China and UK in talks over London yuan clearing bank

Chancellor of the Exchequer George Osborne.

The British and Chinese governments are in "active discussions" to appoint a clearing bank in London, a move seen as further eating into Hong Kong's market share of the offshore yuan business and cementing the Western city's leading position in the global offshore yuan hu

Friday, 21 February, 2014, 3:19pm

Financial jobs in London increase for first time in nearly 2 years

Last month, 1,340 new jobs were created in the City financial district, up by two-thirds versus the same month in 2012. Photo: Reuters

The number of new financial services jobs in London rose for the first time in almost two years last month, research showed on Monday, which recruiters said was a sign that banks are starting to think about growth after years of restructuring.

13 Jan 2014 - 4:02pm

New jobs fall 12 per cent in London's financial district

London banks are still hesitant to hire in large numbers. Photo: AFP

The number of new jobs in London’s financial district dropped last month, lagging a recovery in the wider jobs market, according to research by an international recruitment firm.

A total of 2,335 new roles were created in the district, down from 2,380 in September, London-based financial services recruiter Astbury Marsden said in a release on Monday.

4 Nov 2013 - 2:05pm

Chinese firm to develop London's third financial district in US$1.5b deal

London Mayor Boris Johnson and Advanced Business Parks Chairman Xu Weiping sign documents at City Hall in London. Photo: Reuters

A Chinese developer has signed a deal to convert a derelict plot of land next to London's City Airport into the British capital's third financial district. It is aimed at Chinese firms and will be worth an expected US$1.5 billion when completed.

30 May 2013 - 2:26am

Railway work unearths mass grave of plague victims under City of London

Crossrail staff excavate some of the remains. Photo: EPA

Seven centuries after their demise, the skeletons of 12 plague victims have been unearthed in the City of London, a find archaeologists believe to be just the tip of a long-lost Black Death mass burial ground.

16 Mar 2013 - 4:19am

Former CCTV presenter charged with hoarding 'extreme porn'

A screenshot of Sen Luo, also known as Edward Law, during a BizChina segment on CCTV. Photo: SCMP Pictures

Sen Luo, 40, was charged with two counts of possessing extreme pornography after police found 800 videos on his laptop and hard-drives.

19 Feb 2013 - 9:49am

Safe and sound

London's property market has achieved record prices this year, but analysts say next year will be one of consolidation.

London will continue to draw investors despite short-term movements in its property market, according to experts who are keen to stress that the city's fundamental economic and political strengths make it a low-risk destination.

14 Dec 2012 - 11:49am

Hong Kong on track to become top financial centre

Hong Kong skyline from Stubbs Road. Photo: Felix Wong

Hong Kong is expected to overtake London by 2015 and surpass New York by 2016 to become the world’s biggest financial centre, reflecting a massive shift in the financial world.

13 Dec 2012 - 6:49pm 1 comment

Bank of China to expand yuan business in UK

Wang Huabin, Bank of China (UK)

Bank of China plans to expand its yuan business in London as the city embarks on an ambitious plan to establish itself as the West's major centre for trade of offshore yuan.

26 Nov 2012 - 12:55am

CCB offers yuan bonds in London

China Construction Bank

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 is stepping up efforts to internationalise its currency.

3 Nov 2012 - 4:17am

Why London became a centre of finance, but Shanghai won't

Why London became a centre of finance, but Shanghai won't

When the British want to explain why the City of London is the world's leading international financial centre, they usually attribute its position to a couple of key elements.

Those on the political right who rather like the financial services industry, typically credit London's success to superior enterprise, together with a certain swashbuckling culture.

31 Oct 2012 - 3:13am 1 comment

Eye-catching development commands prime spot

As the only major new-build residential development for many years within the historic 'square mile' of the City of London, The Heron has claims to be special. Located off Moorgate on Milton Court in EC2, the eye-catching tower commands a prime position in the financial district and offers easy access to all the attractions that have long made London one of the world's great cities.

3 Jun 2011 - 12:00am

Still Life

Red Stool. Green Apple: Oil paintings of old furniture and other old things by Li Shijin. Pictured is the painting (detail) from which the exhibition takes its name. 11am-7.30pm Monday-Saturday. Gallery on Old Bailey, Basement, 17 Old Bailey Street, Central. Tel: 2869 7122. Ends October 30

16 Oct 2000 - 12:00am

Privy Council to hear Shun Ho case

THE Court of Appeal has given the go-ahead to the Securities and Futures Commission (SFC) Panel on Takeovers and Mergers to take William Cheng Kai-man's share dealings case to the Privy Council in London.

9 Nov 1994 - 12:00am

SFC stands by sanctions on Shun Ho chief

THE Securities and Futures Commission (SFC) is pressing ahead with plans for the enforcement of a ''cold-shoulder'' order against businessman William Cheng Kai-man, who is appealing against the regulator's sanctions.

The commission's Panel on Takeovers and Mergers will meet on Monday to discuss whether to enforce the order - the most severe under the Takeovers and Mergers Code.

18 May 1994 - 12:00am