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Bank of East Asia eager to list on China's A-share market
(Apr 23, 2008) Hong Kong-based Bank of East Asia Ltd (BEA) aims to be the first foreign bank to list on China's A-share market, says its subsidiary BEA (China) Ltd chief executive Raymond Yu in April. BEA (China) vice president Chen Qichang says the mother company is having negotiation with China Banking Regulatory ...
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Hubei encourages 15 companies to list in 2008
(Apr 23, 2008) Hubei governor Li Hong-Zhong says the province wants to have 15 companies listed locally or abroad, and to have the number rise to 150 by the year 2010 with proceeds exceeding RMB100 billion, and this should consolidate the regional financial center status of the province. As of 2007 year end, ...
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Four Seasons enters Shenzhen next year
(Apr 23, 2008) Shenzhen property developer Excellence Group signs a cooperation letter of intent with Canadian hotel operator Four Seasons to open a Four Seasons Hotel in the city at the end of 2009 at the earliest. The Shenzhen Four Seasons will be 100% owned by the Excellence Group while Four Seasons will ...
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EIU: Denmark, Finland and Singapore best in business environment
(Apr 23, 2008) Economist Intelligence Unit (EIU) has released a report on global business environment for the period 2008 to 2012. The worldwide poll was conducted in mid-March, concluding Denmark the best country in global business environment, followed by Finland and Singapore. The report compares 82 countries and places worldwide on 10 scopes, ...
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Greentown China sees RMB20bn property sales in '08*
(Apr 23, 2008) Chinese property developer Greentown China Holdings sets an annual sales target of RMB20 billion and notes that '08 first quarter sales reached RMB4.6 billion. The developer's average property selling price rose 8% on-year to RMB8,725 per sq. m. last year. Real estate projects on sale scattered over several cities and ...
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Franshion Properties to sell Zhuhai, Beijing projects in '08
(Apr 23, 2008) Franshion Properties (China) chief financial officer Jiang Nan says the floor space available for sales in 2008 will amount to 130,000 square meters. 100,000 square meters of which will come from a development project in the city of Zhuhai in Guangdong and 30,000 square meters will come from the Beijing ...
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Dah Sing to focus on wealth management business
(Apr 23, 2008) Hong Kong-based Dah Sing Bank will boost wealth management business and upgrade branches in 2008. Dah Sing Bank has 42 branches so far and will set up wealth management centres in 30 of them. It focuses on serving customers with liquidity of HK$500,000. The bank plans to upgrade over ten ...
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Franshion Properties announces acquisitions
(Apr 23, 2008) Franshion Properties (China) Limited says that it will exercise its option to acquire 54.87% interest of Jin Mao Group and 50% interest of Shanghai Yin Hui. Chairman Pan Zheng Yi says the announcement is only for the acquisitions and does not concern settlement method. Jin Mao Group assets include office ...
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ICBC (Asia) launches Renminbi account opening witness service
(Apr 23, 2008) ICBC (Asia) Ltd announces that it plans to launch a through-train Renminbi account service and will roll out a series of promotions to lure clients. Bank's executive director and deputy general manager Stanley Wong says due to processing arrangement, the bank now has 16 branches offering the account opening witness ...
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Standard Chartered: HK '08 CPI to rise 4.1%
(Apr 23, 2008) Standard Chartered Bank forecasts Hong Kong's 2008 CPI will rise 4.1% amid mounting property rents. The government said Hong Kong's March CPI rose 4.2% on year. Kelvin Lau Kinheng, Hong Kong economist at Standard Chartered Bank, says the March CPI hike is lower than the bank's forecast of 4.5%. Food ...
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