Over-the-counter retail debt trading is to be launched with a pilot scheme at some 400 outlets of the major state-owned banks in Beijing in June, China Securities Journal said. Debt trading for retail investors, a long expected move to shore up the debt market and reduce bank risks, is intended to create a liquid debt […]
Category:
Categories
Bad loans getting worse
Chinese banks’ percentage of non-performing loans is twice the 25-30 per cent estimated by the central bank and the banks themselves are making the problem worse, according to a report issued in May by international ratings agency Standard & Poor’s. The agency said that domestic credit increased dramatically in the second half of the 1990s, […]
The Dalian and Tianjin branches of Korea Exchange Bank, Chohung Bank, Shinhan Bank and Industrial Bank of Korea have been permitted to offer yuan currency services to Korean clients in these cities, Korea Herald said. The decision was made during a meeting in Beijing between Korea’s Minister of Finance and Economy, Jeon Yun-churl, and Zeng […]
Categories
Man Utd to open caf?chain
Manchester United Plc intends to open 90 themed caf�’s in Asian countries, starting off with outlets in Singapore and Beijing by the end of this year. The world’s biggest football club, in partnership with one of its Asian partners, FJ Benjamin, will open the ‘casual family-style’ dining venues in a continent where it has an […]
Categories
Hong Kong restaurant boom in Shenzhen
More than 10 Hong Kong entrepreneurs have taken advantage of a relaxation of investment restrictions in Shenzhen to open whollyowned restaurants in the special economic zone, according to Hong Kong iMail. Currently China’s national policy is to allow foreign participation in retail operations, including restaurants, through joint ventures with domestic partners. The food and beverage […]