Worthless paper

Article Abstract:

The Hongkong government is planning to implement measures to protect bank deposits as a result of the financial disaster caused by the bank run on the Bank of Credit & Commerce. This deposit insurance is proposed to cover 100% of deposits with a maximum of HK$100,000 and will be funded by fees on bank deposits. However, it is suggested that the HK$100,000 limit is not enough to provide security for Hongkong deposits and prevent bank runs. It is also suggested that forced insurance for all banks is unfair and that it should be left to depositors to buy insurance for their deposits.

Banking industry, Laws, regulations and rules, Hong Kong, Protection and preservation, Bank deposits

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Taken for a bus ride

Article Abstract:

China Paint's acquisition of Citybus of Hong Kong is a losing proposition for minority shareholders and may only benefit Tsui Tsin-tong, the majority shareholder. The purchase is supported by China Paint's board members, Sir David Akers-Jones and Donald Liao. Citybus of Hong Kong, which lost HK$30.9 million in 1991 and HK$17.3 million in 1990, is still valued at HK$363 million. No earnings forecasts are discussed by appraisers.

Paints and allied products, Intercity & rural bus transportation, Management, Evaluation, Corporate directors, Column, China Paint, Citybus of Hong Kong

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