Hong Kong Court Refuses to Strike Deutsche Bank Lawsuit

Tin Lik, the developer, sold the Gateway Plaza in Beijing to the bank’s RREEF China Commercial Trust (625) in 2007 and alleged that investment bankers inflated rents from the property before the trust’s Hong Kong listing in June that year.


Investors Weigh Extent of Sun Hung Kai Scandal Fallout

Barclays, which has an underweight position on the stock, downgraded its price target on the company to HK$87.50 ($11.25) from HK$92.16, warning that the shares could be vulnerable to heavier losses in the coming months. This represents a downside of abou


South Korea, Switzerland TIE Protocol Takes Effect

The Finance Ministry stated that it had been agreed to make it easier for the tax authorities in each country to request and obtain financial information, allowing for the disclosure of information on bank accounts believed to be operated by those of the


Ex-bank exec slapped with theft case

The Department of Justice approved the filing of 87 counts of qualified theft case against a former executive of Citibank for allegedly embezzling over P100 million of his client’s money.


Banks play cat-and-mouse with Beijing to comply with rules

This practice, which started last year, exaggerates the size and stability of banks' liquidity and masks any stresses on the country's financial system at a time when the world's second-biggest economy is expanding at the weakest pace since