July 2005
Pacific Epoch - eBay's Paypal Hits China
by tsalon
eBay is cooperating with China Merchants Bank and China Construction Bank for Paypal.
June 2005
April 2005
FT.com / Asia-Pacific - China bank chiefs hit at Communist party role
by tsalon
Two senior Chinese bank executives have made a provocative public call for the role of the ruling Communist party in financial institutions to be curbed.
December 2004
November 2004
Merrill Lynch to offer mutual fund in Shenzhen Stock Exchange
by tsalon
no details on the basket of securities or bonds that made-up the fund
Rich tip the balance for foreign banks
by tsalon
Wealthy depositors are defecting from local lenders in favour of superior service
October 2004
Pacific Epoch - Insurance Funds Allowed To Directly Invest In Stock Market
by tsalon
Insurance investors can buy and sell RMB general stocks, tradable corporate bonds, and other related items. The investment cannot be higher than five percent of the company's total assets at the end of the first half of each year.
The Cultivation of financial planners begins in China
by tsalon
training will be directed by the Certified Financial Planner Standards Council (CFP for short) and virtually operated by the newly established China Financial Education Development Foundation & Board of Standards of Financial Planners of China (abbreviate
SAFE To Loosen Foreign Exchange Regulations For MNCs
by tsalon
"Overseas Investment Verification and Approval Methods" to simplify procedures for domestic companies to invest abroad. At the same time, SAFE is drafting "MNCs Internal Foreign Exchange Capital Operation Management Methods" to allow MNCs to remit additio
Pacific Epoch - ABN AMRO To Set Up Futures JV
by tsalon
the joint venture will focus on the management of hedge stocks, bonds and other futures. ABN AMRO Bank will own a 25 to 30 percent stake in the joint venture.
Bank Of China And Construction Bank Of China Will Not Go Public This Year
by tsalon
the two banks have to undergo a one year IPO training period before they IPO. Therefore, the two banks are unable to go public before next August unless China's state council gives special permission.
August 2004
July 2004
United Press International: Chasing wealth in Japan, China
by tsalon
Penetration of private banking in China is about 5 percent to 6 percent...The number of wealthy individuals (in China) showed impressive growth rates of 12 percent, number of wealthy individuals in Hong Kong rose 30 percent...a lot of Chinese higher-net-w
