Mizuho Financial Group

The economic lesson China must learn from 1980s Japan

Walk into pretty much any bookshop in the English-speaking world and in the prime spot just inside the entrance, you will be confronted by a shelf of books bearing titles like China Shakes The World: The Rise of a Hungry Nation, or China Inc: The Relentless Rise of the Ne

Wednesday, 21 October, 2009, 12:00am


Gabriel Tang Man-ho

Joint general manager, head of debt structuring and syndication, Asia

Mizuho Corporate Bank

18 May 2009 - 12:00am

Hactl moves to reduce debt

Hong Kong Air Cargo Terminals Ltd (Hactl) is moving to reduce debt-servicing costs because of favourable market conditions, according to a company official.

'The timing allows [Hactl] to cut interest rate costs,' the official said.

18 Jan 2001 - 12:00am

After a series of false dawns, Japan seems capable of introducing reforms to dismantle the antiquated keiretsu system

Japan had a system which worked miracles to revive the economy after World War II. But now it is finally wising up to the fact that the system needs to be torn down, Dean Cashman believes.

22 Oct 2000 - 12:00am

Japanese banks see lending dip

Hong Kong branches of Japanese banks continue to report a slide in local and regional lending.

The decline is seen as an inevitable consequence of the banks' desire to cut their costs and increase their profits in the wake of recent turmoil in the Japanese banking sector.

17 Jul 2000 - 12:00am

Fuji nears Kwong On sell-off

Kwong On Bank confirmed last night that majority shareholder Fuji Bank had reached an 'advanced stage' in its talks with one interested party to sell its 50.1 per cent stake in the bank.

Terms for the sale had not been finalised.

3 Dec 1998 - 12:00am

Japanese, Korean banks take brunt of Gitic closure

Japanese and Korean banks account for nearly half of bank loans and guarantees owed by the collapsed Guangdong International Trust and Investment Corp (Gitic) and its Hong Kong subsidiaries, it has emerged.

15 Oct 1998 - 12:00am

Japanese powerhouses merge

Tokyo: Industrial Bank of Japan and Dai-Ichi Mutual Life Insurance have announced the latest in a series of alliances between Japanese financial giants.

4 Oct 1998 - 12:00am

Forgery sparks US$1m claim

Bogus shipping documents have thrown the Dai-Ichi Kangyo Bank and the Hong Kong arm of the Ssangyong Corp into a letter of credit dispute involving US$1.1 million, a court heard yesterday.

Dai-Ichi is claiming $1.1 million from Ssangyong (Hong Kong) Co and its parent company in Seoul.

21 Jul 1998 - 12:00am

Region's woes rattle Europe

Share markets in industrialised nations are still vulnerable to the turmoil rampaging through Asia, analysts say.

European markets yesterday opened down more than 1 per cent in reaction to the Japanese stock market's dramatic 5.29 per cent fall.

Worries over the condition of South Korea's economy were still keeping investors sidelined, analysts said yesterday.

20 Nov 1997 - 12:00am

Gangster queries rocket

A Japanese police agency set up to help corporations deal with gangsters had a 1,230 per cent increase in requests for advice or help during the first six months this year, an agency official said.

Despite the rise in corporate interest, few companies had actually done anything concrete to end their gangster relationships, the Tokyo Metropolitan Police Agency official said.

29 Aug 1997 - 12:00am

IBJ to lead-arrange loans

Tokyo: The Industrial Bank of Japan (IBJ) will lead-manage two syndicate loans for Chinese petrochemical plants. A spokesman for the bank said it was acting as a co-arranger for a US$60 million syndicated loan to a project in Tianjin by an affiliate of a South Korean conglomerate. Eight banks, including Singapore and Korean banks, were involved in the five-year loans.

4 Jul 1997 - 12:00am

Gas project gets funds

The Shanghai Pudong Development Bank has extended 175 million yuan (about HK$162.47 million) in loans to support a liquefied gas project controlled by Shanghai Golden Conti Petrochemical Co, reports say.

19 Jun 1997 - 12:00am

Politicians probed for scandal link

Japanese prosecutors are investigating the possibility of links between the gangster involved in the Nomura Securities/Dai-Ichi Kangyo Bank (DKB) scandal and senior Japanese politicians, an investigator involved in the scandal says.

17 Jun 1997 - 12:00am

Scandal claims more victims

An escalating scandal involving gangsters has led to the arrest of four more executives, including a former vice-president of the world's third largest bank, Dai-Ichi Kangyo Bank (DKB), and the resignation of 24 top executives.

11 Jun 1997 - 12:00am