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BNP Parabis to hire 24% more private bankers in 2007
(Jul 12, 2007) BNP Parabis will continue to hire more private bankers and bank executives in view of expansion. BNP Parabis expects to sign up 24% more private bankers this year. BNP Parabis Private Banking CEO Michel Longhini reveals that the bank plans to hire 24% more private bankers by the end of ...
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BNP Parabis ready to roll out products in China
(Jul 12, 2007) BNP Parabis Private Banking has applied to the mainland Chinese authority to release private banking products. It is optimistic about private banking business in Asia which posted a 47% growth in income in the first six months of 2007. BNP Parabis Private Banking has seen a 27% growth in asset ...
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China to announce import-supporting policy soon
(Jul 12, 2007) The Ministry of Commerce is planning to release financial measures to stimulate imports. These measures aim at easing the mounting trade surplus China is facing. According to the spokesperson of the Ministry, Wan Xin-pai, China will work on reducing international trade surplus in two directions. The first direction bases on ...
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Bank of East Asia sets up auto banks for debit card expansion
(Jul 12, 2007) Bank of East Asia (BEA) is planning to set up more automatic banking or self-help banking stations in China. The move aims to accompany growth in bank card business. Huaxia Times of China reported that BEA plans to launch debit cards in China. Instead of opening bank branches, it choose ...
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Standard Chartered rolls out mortgage insurance for investors
(Jul 12, 2007) Standard Chartered Bank has recently launched a mortgage insurance product that mainly targets the residential property sector. The new product allows customers to take out mortgage insurance with a loan value of not more than HK$8 million. The new product allows even investors access to mortgage insurance which used to ...
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Mortgage deals surged while loss of deposit slowed down
(Jul 11, 2007) Mortgage in Shanghai skyrocketed by over 400% in June 2007 while decrease in bank deposit slowed down. The Shanghai headquarter of the People's Bank of China announced that personal mortgage signed up by Shanghai's Chinese commercial banks skyrocketed by RMB3.69 billion or 429% to RMB4.55 billion in June 2007. The ...
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Guangzhou's personal cheque usage driven low by lack of confidence
(Jul 11, 2007) A lack of confidence in cheques have kept Guangzhou's usage of personal cheques as low as 100 per day. Research has found only about 100 personal cheques are cleared every day in Guangzhou, the first city where the People's Bank of China launched the personal cheque trial in 2006. The ...
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Shenzhen focuses development in western and northern zones
(Jul 11, 2007) Shenzhen will concentrate its future development in the western and northern districts of Baoan and Longgang. The Shenzhen Planning Bureau's new blueprint for subway development focuses on the Baoan and Longgang districts. In May 2007, the Bureau announced that it would build the Longhua new city, Baoan Guangming new city ...
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Capital Star speeds up property development in China
(Jul 11, 2007) The president of Capital Star announced a plan involving HK$780 million of commercial development in Shanghai. With Shanghai as its first move into China, Capital Star will speed up its investment in the real estate sector in China. Then, it will move its focus to Beijing. Yet in the long ...
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Kunming brings environmental concepts to urban planning
(Jul 11, 2007) To solve the congestion brought by outdated planning of Kunming, the capital city in Yunnan, the government has started conducted a new urban planning. With Lake Dian as the center, four development circles are planned. First, a highway of 114km surrounding the lake will be constructed. Second, outside the highway, ...
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