Billionaire Zhang Zhirong, who is at the centre of an insider-trading investigation involving China's biggest overseas acquisition attempt, has hired a specialist lawyer to help him negotiate with the US Securities and Exchange Commission (SEC) for a settlement.Friday, 24 August, 2012, 3:41am
Luxury hotelier Shangri-La Asia yesterday reported an 83 per cent rise in first-half net profit after property revaluation gains to US$198.4 million.24 Aug 2012 - 2:47am
JPMorgan Chase pays Jamie Dimon US$1.21 million for every US$1 billion of profit at the biggest American bank. Industrial & Commercial Bank of China, the world's most profitable, gives its top executive US$9,400.23 Aug 2012 - 2:13am
The investment funds sector on the mainland could soon face a major overhaul.22 Aug 2012 - 4:21am
Shares of PICC Property & Casualty rose 7.3 per cent yesterday to close at HK$9.44 each after the company reported a record-high interim profit for the first half year, and said it expected buoyant results for the full year.22 Aug 2012 - 4:21am
Shareholders of sport fabric maker Hontex International have approved its HK$1 billion buy-back of shares issued from its troubled 2009 initial public offering.
Chen Fang-kun, independent non-executive director at the company, said 99.3 per cent of participants at an extraordinary shareholder meeting yesterday gave the green light to the repurchase scheme.21 Aug 2012 - 4:52pm
Chongqing Rural Commercial Bank says recent changes to regulations will continue to impinge on fee revenue and lending profitability, despite posting higher profit for the first half of the year.
The bank, a big lender to farmers and small businesses in the southwest of the mainland, posted net profit of 2.8 billion yuan (HK$3.41 billion), 25.3 per cent higher than a year earlier.21 Aug 2012 - 3:56am
The United States has issued the first of two highly anticipated model intergovernmental Foreign Account Tax Compliance Act (FATCA) partner agreements.
The Model FATCA Partner Agreement eases the act's compliance by expanding on an agreement in principle first announced in February by the US, Britain, France, Germany, Italy and Spain.21 Aug 2012 - 11:43am
When Mao Zhenhua founded China's first credit ratings agency 20 years ago his dream was to build it into a mainland Moody's.20 Aug 2012 - 4:51am
The offshore renminbi market in Hong Kong has just turned two years old and the currency has made extraordinary strides.20 Aug 2012 - 5:31pm
"So where are we going to travel to on the roadshow?" - that's usually one of the first questions a prospective IPO issuer will ask bankers pitching to lead its flotation.20 Aug 2012 - 4:19am
The average NPL ratio, or the percentag19 Aug 2012 - 10:46am