Yue Xiu not to buy major stake in Chong Hing Bank
Updated: 2013-08-08 17:30
By WU YIYAO in Shanghai (chinadaily.com.cn)
|
|||||||||||
State-owned Yue Xiu Enterprises (Holdings) Ltd denied on Wednesday that it is seeking a major stake in Hong Kong-listed Chong Hing Bank Ltd, the Guangzhou Daily reported.
Hong Kong media reported earlier that the group wanted to buy 60 percent of the shares in the Hong Kong-listed bank.
Yue Xiu Enterprises (Holdings) Ltd is a Hong-Kong based investment corporation of the Guangzhou government. It is licensed to run financial service businesses, including securities, funds, trusts, but it has not yet got a license to enter the banking sector.
Related Stories
Assets under bank management hit $3.6t 2013-08-07 17:08
Central bank continues liquidity injection 2013-08-07 09:48
Bank visit to Alibaba triggers legislation talk 2013-08-06 20:17
China central bank continues liquidity injection 2013-08-06 19:39
Visually impaired call for audio bank codes 2013-08-06 07:12
Today's Top News
Nation poised to import more GMO products
China continues probes into wine from the EU
Exports, spending 'to ebb'
EU to continue solar probe
Dairy firms hit with fines
Obama cancels meeting with Putin
Sino-US trade gap narrows
China's innovation prowess looms
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
County linked with outside world |
Urban push |
Reaching for the summit |
New energy vehicles await fuel injection |
Language: Spreading the word |
Finding inner peace on ocean wave |