The Bank of East Asia to apply for RMB bonds issued in Hong Kong which waiting for the relevant approval
A few days ago, Vice Chairman of Bank of East Asia (China) Chan Kay-cheung said that the Bank of East Asia has apply to governors to issue RMB bonds in Hong Kong and the parties concerned were waiting for approval. The vice president of Bank of East Asia (China) in an interview of “Daily Economic News”, Lin Zhimin also revealed, “We are interested in RMB bonds issued in Hong Kong, and still waiting for approval, as well as specific policies in the management.” In addition to the bank of East Asia, there are media reports that another 23 banks have already submitted the relevant application.
The Bank of East Asia to acquire a majority of stock rightsof ICBC in Bank of East Asia Security
According to ” Morning Post of South China,” it quoted sources as saying that Bank of East Asia was working with the Industrial and Commercial Bank of China (601,398, stock) with a proposed acquisition of joint venture company in majority-owned ICEA Securities; report also said the proposed transaction due diligence under way, Both sides are bargaining; Bank of East Asia owned 25% stake of ICEA Securities, Industrial and Commercial Bank of China held 75%; the transaction is expected to have minimal impact on the performance of the two sides.
In a letter to the HS: real estate regulation and control changed from “severe” to “moderate”
The main idea of the HS policy is to change the “harsh” control policy in real estate to “appropriate control.” Specific policies include: allowing local governments to save the market; to lower real estate transaction tax rate; to encourage the improvement of housing demand; to strengthen the early warning system, and so on.
Wen Jiabao: China and the United States has never been extensive common interests as today
Wen Jiabao in the United States 23 local time in New York, attended a grand welcoming luncheon which is held by the friendship organizations of the United States, and delivered a speech entitled for “the future, Sino-US relations to create a better tomorrow”. He expatiated on the Sino-US economic and trade issues in the Taiwan issue and relations between the two countries.
Bank of East Asia denial “financial crisis” rumors and support of the HKMA in Hong Kong
“Sub-loan crisis of the financial problems” triggered the Bank of East Asia in Hong Kong appearing withdrawals surge. 24th, Bank of East Asia, especially held ameeting for reporters to clarify the rumors.Hong Kong Monetary Authority and the Financial Secretary will also deney the rumor. The former said it would fully support the Bank of East Asia, and will pay the incident to the police.
SFC: Margin has been prepared but there is no time-table
There are media reports for the Commission reported to the Stock Exchange Margin requirements of the implementation of programs and readiness. The Commission departments responsible for yesterday’s “Business News” said that the recent work of the Margin has been actively prepared and never stopped.
Unicom WCDMA start bidding on 26th
China-cbn was informed from the in-house of China Unicom, that on the 26th of this month there will be officially launched WCDMA equipment tender. So far China Mobile, China Telecom and China Unicom have started preparing for 3G.
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