Date
23 October 2019

Finance

  • LME eyes 52 mln pounds from new clearing platform, paper says

    Oct 7, 2013 11:57am
    The London Metal Exchange (LME) will move to its own clearing platform in the second half of next year, and is expected to maintain the fee structure charged for contracts by its current service provider the...
  • Tianhe Chemicals to list in London by March 2014, HKEJ says

    Oct 7, 2013 9:34am
    Tianhe Chemicals Group has chosen London over Hong Kong for its planned listing, the Hong Kong Economic Journal reported Monday. The Liaoning-based company plans to raise US$1 billion, equivalent to 13 percent of all proceeds from...
  • BOCHK taps into mobile wallet market, paper says

    Oct 7, 2013 9:33am
    BOC Hong Kong (Holdings) Ltd. (02388.HK) will launch a new mobile payment solution on Tuesday, Sing Tao Daily reported Monday. The service allows users to make mobile payments by inserting a device into the headphone jack...
  • Blame Wenzhou crisis on China’s investment addiction

    - Oct 7, 2013 9:26am
    Business people are having a hard time in Wenzhou, the Zhejiang city that is known for its entrepreneurship and robust private sector. Defaults, bankruptcies and foreclosures are common these days. Wenzhou was the only one of...
  • Taiwan eyes ways to ease credit risk in mainland, paper says

    Oct 7, 2013 6:44am
    Taiwan’s Financial Supervisory Commission (FSC) is considering changing the method of calculating banks’ credit risk exposure in the mainland, Economic Daily News reported Monday, citing unnamed sources. The credit risk of some banks in the mainland...
  • Mainland, Taiwan regulators to meet Oct 15, paper says

    Oct 7, 2013 6:41am
    The heads of the China Insurance Regulatory Commission and Taiwan’s Financial Supervisory Commission are scheduled to meet in Taipei on Oct. 15, United Daily News reported Monday, without citing any source. Xiang Junbo {項俊波}, chairman of...
  • POLICY WATCH: Putting a new shine on gold trade

    - Oct 7, 2013 6:35am
    China is on course to surpass India as the world’s largest gold consumer as Beijing prepares to ease the rules for firms to import and export gold and also make it easier for individuals to buy...
  • ICBC, Garuda ink US$1.7 bln aircraft leasing deal, report says

    Oct 4, 2013 11:04am
    ICBC Financial Leasing Co. Ltd. has entered into an aircraft leasing agreement with Garuda Indonesia valued at US$1.7 billion, Tencent’s qq.com reported Thursday. The pact was signed by top officials of the two companies in the presence of...
  • Smaller, quieter, later, Baidu slips onto online payment stage

    Oct 4, 2013 10:57am
    Search giant Baidu (BIDU.US) quietly launched its very own online payment service — baifubao.com {百付寶} — last week, apparently inspired by the runaway success of rival Alibaba. Within just three months, Alibaba’s online investment product, Yu’E...
  • Tech firms leave solo bank forays well alone

    Oct 4, 2013 10:19am
    There’s been a lot of hype about China’s banking sector opening up to private capital but Tencent Holdings Ltd. (00700.HK) took some fuel from that fire this week. The country’s biggest internet company denied rumors that...
  • Wing Hang will make a good fit for AgriBank

    Oct 4, 2013 9:44am
    Wing Hang Bank (00302.HK), one of the few family-run lenders in Hong Kong, fueled a guessing game in the market when it disclosed in mid-September that its major shareholders were in talks to sell a controlling stake....
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    The Big Picture: TELECOM REVAMP

    - Oct 4, 2013 8:23am
    Telecom industry in China, which houses the world’s largest number of cellphone users, is said to see a potential upheaval. China Mobile Ltd. (00941.HK) is likely to emerge as the biggest loser in the sector revamp,...
  • Taiwan puts T shares by local firms on agenda, paper says

    Oct 4, 2013 7:11am
    Tseng Ming-chung, head of Taiwan’s Financial Supervisory Commission, said Thursday the commission will hold a meeting with other ministries and departments next month to discuss details of listings of so-called T shares by domestic firms operating...
  • Revived VAT to cut taxes on Taiwan leasing firms, paper says

    Oct 4, 2013 6:29am
    The tax burden on Taiwan’s leasing firms is expected to ease with Beijing’s reversion this month to the former value-added tax system for the leasing industry, Economic Daily News reported Friday, citing sources from some leasing...
  • FSC backs bank plan to expand RMB derivatives, paper says

    Oct 4, 2013 6:22am
    Taiwan’s Financial Supervisory Commission has recommended that the island’s central bank endorse a Bankers Association request to allow domestic banking units to offer more types of renminbi derivative products, Want Daily reported Friday, citing Chang Kuo-ming,...
  • Central bank governor Perng Fai-nan

    Taiwan eyes bigger RMB reserves on yield prospects

    - Oct 4, 2013 6:00am
    Taiwan’s central bank, which has added the renminbi to its reserve portfolio, may consider more yuan-denominated assets if returns remain lucrative. “Whether we will increase renminbi assets in our reserves depends on three factors. First and...
  • Far Eastern unit may invest in Bank of Chongqing IPO, paper says

    Oct 3, 2013 10:57am
    Far Eastern International Bank Co. Ltd., the banking arm of Taiwan’s Far Eastern Group, is expected to raise NT$5 billion (US$168.95 million) through a private share placement or global depositary receipts (GDR) issue, with some of...
  • PE firms burn their fingers with Taiwan banks, report says

    Oct 3, 2013 9:59am
    Investments made by private-equity firms more than five years ago in Taiwan’s fragmented banking sector are underwater, with stocks of the lenders now trading far below the cost of purchase, Bloomberg News reported Thursday. Anemic loan...
  • Taiwan’s 100 bln yuan RQFII quota suspended, paper says

    Oct 3, 2013 9:56am
    Taiwan has been unable to invest under the Renminbi Qualified Foreign Institutional Investor program, for which it was granted a 100 billion yuan (US$16.33 billion) quota, because the cross-strait service agreement has yet to be approved by...
  • China offers US$133 mln for Gabon road project, paper says

    Oct 3, 2013 7:09am
    China has offered Gabon a preferential loan of about US$133 million for construction of a 93-kilometer road in the enclosed region of Port Gentil, Gabon’s commercial capital, China Daily reported on Wednesday. An agreement was signed on...