Standard Chartered Plc May Lose Right to Print Hong Kong Money
Posted on 11/24/2008
The Hong Kong Monetary Authority (HKMA) has issued a warning regarding London-based Standard Chartered Plc. Standard Chartered may lose its right to issue Hong Kong bank notes if Temasek Holdings raises its stake in the lender above 20% through a rights offer. HKMA does not wish a foreign government to have a large influence over […]
- Asia
- Central Banking
- China
- Hong Kong
- Hong Kong Monetary Authority
- Joseph Yam
- Singapore
- Standard Chartered
- Temasek Holdings