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 […]