As banks recoil, companies in China tap Hong Kong
Article Abstract:
Chinese companies are turning to Hong Kong after foreign banks cut lending to China after the failure of one of its most popular financial companies. Six Chinese firms amassed a sum of roughly $320 mil in share placements, with more share placements anticipated. However, some cautioned that the frenzy is already out of control since the so-called red chip stocks are already selling at a 20% premium. According to analysts, the firms will find it difficult to substantially increase earnings to warrant the high prices.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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No painless fix for Korea
Article Abstract:
Government intervention in South Korea's banking institution during their economic development stinted the bankers' ability to decide on investments, which has resulted in bad loans and problems for the country's banking industry. Korea First Bank is reeling from the bankruptcy of Hanbo Steel Industry Co. which loaned the steel company some 1.1 trillion won. Of the loans made by 14 major Korean banks, 7% are estimated to be non-performing, with another 4.5 trillion won in unrealized losses on stock holdings.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Malaysian stocks stumble: confusion over loan guidelines batters market
Article Abstract:
Malaysia's central bank, Bank Negara, has announced new guidelines that will limit lending by commercial banks and finance companies up 20% of total loans outstanding and stock or mutual funds investment lending of the institutions loan portfolio. The effects of the new regulations on the two financial sectors are already being seen as the composite index of the Kuala Lumpur Stock Exchange fell by 5.5% in the first week of Apr 1997 to 15.73 points.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Comment about this article or add new information about this topic:
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