- published: 25 Jun 2015
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MYbank, one of China's first five pilot private banks, was launched on Thursday in Hangzhou. The online-only bank, backed by e-commerce giant Alibaba, is based on small value savings and loans. Subscribe us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
The China Banking Regulatory Commission issued a directive on boosting the development of private banks, officially giving green light to the registration and operation of private banks. Analysts say more private banks can better serve cash-strapped small firms in China.
Markus Stadlmann, Chief Investment Officer of Lloyds Private Banking discusses how China, the world’s second largest economy, could have a massive influence on the world economy. For market updates, news and articles visit https://www.lloydsbank.com/private-banking/insights.asp
Urban commoning has become a worldwide phenomenon from Europe to Asia. What characterizes the emerging cases in Taipei and Hong Kong? How are they distinct or similar to cases elsewhere? Dr. Jeffrey Hou shares his exploration during his Fulbright year. Jeffrey Hou is Professor and Chair of Landscape Architecture at the University of Washington. His work focuses on community design, public space and democracy, and cross-cultural placemaking. He is the editor of Insurgent Public Space: Guerrilla Urbanism and the Remaking of Contemporary Cities, which received the 2012 Places Book Award.
Subscribe to BBC News www.youtube.com/bbcnews Documents suggesting Britain's biggest bank helped cheat the Treasury out of millions of pounds of tax have been obtained by the BBC. Panorama has seen thousands of accounts from HSBC's private bank in Switzerland leaked by a whistleblower in 2007.They show bankers helped clients evade tax and offered deals to help tax dodgers stay ahead of the law. HSBC admits some individuals held undeclared accounts, but says it has now "fundamentally changed" its procedures. Richard Bilton reports. Subscribe to BBC News HERE http://bit.ly/1rbfUog Check out our website: http://www.bbc.com/news Facebook: http://www.facebook.com/bbcworldnews Twitter: http://www.twitter.com/bbcworld Instagram: http://instagram.com/bbcnews
A Wealth of Illusion is a documentary that takes an unflinching look at the financialisation of the New Zealand economy since the 1980s. This radical transition saw an almost complete reversal from the manufacturing part of the economy to the financial sector. The implications of this we are now feeling in the form of increasing inequality, crippling private debt, and economic instability. At the core of this feature documentary is the issue of money creation by private banks; that is, the ability of banks to create money out of thin air when they make loans. Currently in New Zealand a staggering 97% of all money is bank created debt. The central question is, to what extent should this extraordinary power be given to profit-seeking private banks? We will look at the link between money cr...
VO The first Taiwanese bank in Laos, Cathay United sets to support the rapid growth of the Lao economy INTRO: The first Taiwanese bank in Laos, Cathay United sets to support the rapid growth of the Lao economy by bringing more investors from Taiwan. The bank has the largest banking network among Taiwan's private banks, however the overseas expansion was established worldwide STORY: On Tuesday saw the formal opening ceremony of Cathay United Bank in Vientiane, the leading bank based in Taiwan, aiming to contribute in this development period. The opening ceremony was witnessed by Governor of the Bank of the Lao PDR Dr Somphao Phaysith, Deputy Governor of the Bank of the Lao PDR, Vatthana Dalaloy and other senior banking officials. In his opening remarks, Chairman of Cathay United Bank Chen...
Credit Suisse Group intends to sell its U.S. private bank and slash its prime brokerage business under a strategy being developed by new Chief Executive Tidjane Thiam, Swiss newspaper Schweiz am Sonntag reported on Sunday. Results will be presented to the bank's board in early October of a strategic review announced in July, earlier than first envisaged to give markets time to absorb news of a planned capital increase, the newspaper said, citing anonymous sources. A spokesman for Switzerland's second-biggest bank declined comment on the report. http://feeds.reuters.com/~r/reuters/topNews/~3/qMpahu8uc7E/story01.htm http://www.wochit.com This video was produced by Wochit using http://wochit.com
T/I: 10:33:50 China's first private bank, which opened for business in January, hopes to become a major force in world banking. The Minsheng Bank in Beijing is China's first attempt at independent banking in 50 years. It employs 130 people and was set up with the equivalent of 170 million US dollars. The bank wants to exploit new business areas which have opened up as part of China's economic reform programme. The chairman of the bank, Jing Shuping, was once branded as a "reactionary capitalist" and punished with hard labour during the country's Cultural Revolution. The Minsheng Bank will open three more branches in Shanghai, Guangzhou and Chengdu this year. It also wants to finance high-profile projects led by multilateral development banks. SHOWS: CHINA, 12 AUGUST, 1996 Ext. fir...
Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews The British bank HSBC’s Swiss branch was shown to have sheltered the rich to evade tax. Among the clients are 246 Chinese with total deposits of $517 million. The connections between the listed companies and those in power are also being revealed. “British bank HSBC Holdings PLc admitted failings by its Swiss subsidiary in response to media reports it helped wealthy customers dodge taxes and conceal millions of dollars of assets”, reported Reuters. The International Consortium of Investigative Journalists (ICIJ) has released compiled data dubbed the “Swiss Leak” according to confidential documents from the HSBC Swiss branch. The data was supplied by a former IT empl...
China has approved the establishment of two new privately owned banks, taking the total number to 5. The new banks will be set up in Shanghai Municipality and Zhejiang Province. The move is being seen as a big step forward for the country’s prosperous banking sector, which is undergoing major transformations.
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