Shanghai

China allows first foreign loan provider

 By Jamil Anderlini in Beijing

Published: November 30 2010 22:49 | Last updated: November 30 2010 22:49
Home Credit Group, a Czech company operating mainly in Russia and eastern Europe, has beaten some of the world’s largest financial groups to become the first foreign company to set up as a consumer finance lender in China.
 

Hong Kong on the slide | FT

If anyone still has any doubts that Hong Kong is in trouble, they need only listen to Tung Chee-hwa, the territory's chief executive.

"Our economy is facing difficulties unprecedented since World War II," the city's grandfatherly leader said in his annual policy speech on Wednesday. The economy was in the throes of restructuring that would take a long time, he said, before adding weakly: "But that does not mean we should be pessimistic."

Top Beijing official 'not sure' if trip approved | SCMP

But he denies that Democrat was denied entry due to political reasons

Beijing's office in Hong Kong said yesterday it did not know if a Democrat refused entry to the mainland on Saturday had received advance approval for the visit.

Law Chi-kwong, the party's election campaign chief and central committee member, was turned away at Shanghai airport after he arrived for a six-day academic visit to the city and Beijing.

He said he had received prior confirmation from the central government's liaison office in Hong Kong that his trip would not pose any problems.

What did I say then?

Bonus pools drying up for investment bankers | FT (3 years 15 weeks ago):

It used to be said that investment bankers could earn $100,000 a year for every year out of busin...

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