Monthly Archives: September 2008

UPDATE: Chinese Regulators Give Green Light to Borrow from Foreign Banks

Posted on September 29, 2008 by Richard

Further to this Asiabizblog post, WSJ reports: Chinese regulators said the finances of foreign banks in the country are sound, a message that appeared aimed at reassuring local banks that have been reluctant to lend to their foreign counterparts because … Continue reading →

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Yet Another Email Scam Targeting Lawyers: A Different China Twist

Posted on September 29, 2008 by Richard

The so-called Nigerian scam turned its attention to attorneys, as we reported in prior posts, at that time purportedly emanating from Hong Kong. Already, in the past year, several attorneys, in California and Georgia, are on the hook for six-figure … Continue reading →

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AIG Turns to Asia-interest Blogs In Media Relations Program

Posted on September 26, 2008 by Richard

I wasn’t quite sure how to handle this one. Incredulous that a friendly AIG media relations exec would even send it my way. (If they haven’t gotten this out in Chinese, Malay, Thai, etc., they are not getting through to … Continue reading →

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Rumor: China Banking Regulators Tell Local Banks Not to Lend to U.S. Banks

Posted on September 25, 2008 by Richard

The China Banking Regulatory Commission (CBRC) has denied a report that it instructed local banks to halt interbank lending to U.S. banks. “The CBRC has never, through any channel, issued a statement or told domestic commercial banks not to lend … Continue reading →

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Doing Business with North Korea Seminar To Be Held in Beijing

Posted on September 22, 2008 by Richard

Event: Doing Business with North Korea Where: Capital Club, Beijing When, Sept., 29, 18:30 (6.30pm) For further information, click this.

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U.S. to Employ Chinese-style Financial Regulatory Techniques

Posted on September 19, 2008 by Richard

It wasn’t too long ago when American officials excoriated PRC banking authorities for establishing asset management companies to take the nonperforming loans off of the books of technically insolvent banks and to recapitablize them. A ruse, it was shouted to … Continue reading →

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US University Researcher Convicted of Export Violations — with a China Connection

Posted on September 19, 2008 by Richard

[Editor's note: Doug Jacobson has graciously provided the text of today's post. I recommend readers visit his International Trade Law News blog, well-written, informative and worth your time. Doug Jacobson is a partner in the Washington, DC office of the … Continue reading →

Posted in American Faux Pas, Imports and Exports, IP in Asia, Legal, Scandals | Comments Off

China Investment Corp. Offers to Raise Stake in Morgan Stanley to 49%

Posted on September 18, 2008 by Richard

Bloomberg TV has just announced Morgan Stanley refused CIC’s offer to raise its stake in the bank to 49% from 10%, preferring to remain “independent.” More on this as the day goes by. [Update: 10.14am EST — Bloomberg. This article … Continue reading →

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3 Chinese Banks Hold US$297.4M in Lehman Debt

Posted on September 17, 2008 by Richard

Following up to yesterday’s post, the International Herald Tribune reports: Three Chinese banks hold a total of US$297.4 million in Lehman Brothers bonds, two of the banks and a state news agency said Wednesday, but analysts said China’s total exposure … Continue reading →

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Lehman Brothers — Many Asian Banks Among the Top 30 Creditors

Posted on September 16, 2008 by Richard

A respectable showing of Chinese and Japanese creditors, along with the amount claimed, now vying for the assets of bankrupt Lehman Brothers. Totals (in US million) by institutional location: Japanese 1,521 Hong Kong 275 Taiwan 110 Singapore 93 China 59 … Continue reading →

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