Banker's death highlights risks for business in China
Article Abstract:
The murder of Credit Lyonnais executive Kevin Kong in China's Jiangxi province shows how the country's growing crime problem is starting to affect foreigners. Experts state that foreign executives are increasingly being targeted for robbery, kidnapping or extortion. In most cases, the perpetrators are common criminals but there have been instances when the culprits were disgruntled employees or unhappy business partners. Some observers, however, downplay the problem, saying that China is no different than other countries in the region.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Standard Chartered raises mortgage rates in Hong Kong
Article Abstract:
Standard Chartered Bank in Hong Kong has raised its rates on residential mortgage loans due to higher Interbank lending rates. The company has effectively pegged its rates at 9.75% from prices between 9.25% and 9.5% according to company regional treasurer Stanley Wong. Mortgage banks have been putting off interest rate increases due to fears of a dampening property and stock markets and the company's move is seen to signal the start of a trend of higher rates being set by most mortgage banks.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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