A new approach

Article Abstract:

China's four major state banks are changing. They are becoming more commercially orientated and less inclined to follow state requests to hand out money where there is little hope of return. The banks' leaders are regaining control over the branches which are motivated by local connections, and some are beginning to present themselves more like bankers than bureaucrats. Chinese banks are also entering the international arena. Some analysts believe that China will become a major capital-exporting country with the banks playing an intermediary role.

Commercial Banking, State commercial banks, State Banks, China, Cover Story, Bank of China, National banks

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Jardine Fleming: knuckles rapped

Article Abstract:

Jardine Fleming Group has been fined $1.1 million by the Investment Management Regulatory Organization. The fine relates to usage of clients' money by Colin Armstrong, chief investment manager of Jardine Fleming Investment Management, Hong Kong. He ran the Ninja fund, which was an in-house vehicle not sold to retail investors. Other companies are concerned about the impact on the industry and have received calls from clients wanting to know about their systems.

Commercial Banks, Investment Banking and Securities Dealing, Portfolio & Funds Management, Investigations, Portfolio management, Jardine Fleming Group Ltd.

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