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cahn"Because to those to whom much has been given much will be required." - Richard Chartres, the bishop of London

43 weeks ago via web



cahn"This I know: When I raise my hand and take that oath of office, I think the world will look at us differently. And millions of kids across this country will look at themselves differently." - Barack Obama

44 weeks ago via web



cahn"If you're not willing to take that risk, then you shouldn't be in the business" - Kohlhagen, the former Wachovia executive, referring to the derivatives business

50 weeks ago via web



cahn"What do you think I am... human?" - the Architect

1 year ago via web



cahn"There are levels of survival we are prepared to accept" - the Architect

1 year ago via web



What did I say then?

BOC gets approval for $60b HK listing | SCMP

Submitted by cahn on 9 January, 2006 - 10:37pm

The Bank of China (BOC) has secured key approval from the State Council to launch a $60 billion Hong Kong initial public offering in the first half of this year, sources close to the situation have revealed.

The cabinet approval, secured last week, is a blow to domestic opponents of the listing plan who had sought to delay the H-share offering of China's second-largest lender by assets, pending a simultaneous domestic A-share offering.

Objection to BOC's Hong Kong IPO comes against the backdrop of an intense debate on whether foreign institutions are profiting disproportionately from the privatisation of the country's largest banks by taking significant stakes before the share sales are completed.

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