China joins India in rejecting plan for a global bank accord
Article Abstract:
A new global plan for the way banks structure their capital has been turned down by China. China, along with India, both expressed their disapproval at the system which they say is flawed when it comes to developing nations' financial institutions.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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Huaxia Bank to pay a dividend
Article Abstract:
Huaxia Bank announced that it will pay dividends worth 1.24 billion yuan (132.5 million euros). The bank is giving a reward to its investors who acquired shares during Huaxia's initial public offering.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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Bank of China unit's rating cut raises questions on industry
Article Abstract:
BOC Hong Kong (Holdings) Ltd. has had its credit rating lowered from "stable" to "negative" by Standard and Poor's. The rating cut raised concerns about China's banking industry.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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