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Bank acceptance bills, newspapers and fraud in China | FT ...
https://ftalphaville.ft.com/2016/03/07/2155437/bank-acceptance...
The first involves an Agricultural Bank of China strongbox full of newspapers. Which would be fine — some people might really value their newspapers — if it wasn’t supposed to be full of bank acceptance bills. Investigations are ongoing into that alleged fraud “by two junior employees at ...
https://ftalphaville.ft.com/2016/03/07/2155437/bank-acceptance...
The first involves an Agricultural Bank of China strongbox full of newspapers. Which would be fine — some people might really value their newspapers — if it wasn’t supposed to be full of bank acceptance bills. Investigations are ongoing into that alleged fraud “by two junior employees at ...
Bankers' acceptance - Wikipedia
https://en.wikipedia.org/wiki/Bankers'_acceptance
Bankers' acceptance. Jump to navigation Jump to search ... In the People's Republic of China, banker's acceptance notes have become a shadow currency with captive banks of local governments issuing BA's to hide their debt levels. Comparison with other drafts. When a draft promises immediate payment to the holder of the draft, it is called a sight draft. Cheques written on demand deposits are ...
https://en.wikipedia.org/wiki/Bankers'_acceptance
Bankers' acceptance. Jump to navigation Jump to search ... In the People's Republic of China, banker's acceptance notes have become a shadow currency with captive banks of local governments issuing BA's to hide their debt levels. Comparison with other drafts. When a draft promises immediate payment to the holder of the draft, it is called a sight draft. Cheques written on demand deposits are ...
Bank Acceptance Draft - Boc
www.boc.cn/en/cbservice/cncb6/cb61/200811/t20081112_1324239.html
In case that the bank acceptance draft is lost, the person who lost the bill should report the loss to the acceptor and apply for the procedure of loss report and payment suspension. 3. Customers with the requirements of custody and financing on the bank acceptance draft can select the draft custody service and additional products of Bank of China.
www.boc.cn/en/cbservice/cncb6/cb61/200811/t20081112_1324239.html
In case that the bank acceptance draft is lost, the person who lost the bill should report the loss to the acceptor and apply for the procedure of loss report and payment suspension. 3. Customers with the requirements of custody and financing on the bank acceptance draft can select the draft custody service and additional products of Bank of China.
Bank Acceptance Draft Discounting_Agricultural Bank of China
www.abchina.com/en/corporate-banking/.../domestic-trade-finance/badd
The Bank Acceptance Draft Discounting means the lawful bearer of the bank acceptance draft sells the draft to a commercial bank for an amount of funds before its maturity. Features Under this service, commercial drafts can be cashed quickly and conveniently with low financing costs. The products available in relation to bill discounting at ABC ...
www.abchina.com/en/corporate-banking/.../domestic-trade-finance/badd
The Bank Acceptance Draft Discounting means the lawful bearer of the bank acceptance draft sells the draft to a commercial bank for an amount of funds before its maturity. Features Under this service, commercial drafts can be cashed quickly and conveniently with low financing costs. The products available in relation to bill discounting at ABC ...
China Merchants Bank -- Syndicated Loans
english.cmbchina.com/Corporate/Domestic/DetailInfo.aspx
Please consult the local branch of China Merchants Bank for further information. China Merchants Bank reserves the ultimate right of interpretation for the contents in this page. China Merchants Bank reserves the ultimate right of interpretation for the contents in this page.
english.cmbchina.com/Corporate/Domestic/DetailInfo.aspx
Please consult the local branch of China Merchants Bank for further information. China Merchants Bank reserves the ultimate right of interpretation for the contents in this page. China Merchants Bank reserves the ultimate right of interpretation for the contents in this page.
China’s Shadow Currency | The Diplomat
https://thediplomat.com/2013/12/chinas-shadow-currency
China’s Shadow Currency. Bankers acceptance notes are financing tremendous speculation in China’s provinces. How long can this last? By Matthew Lowenstein. December 12, 2013 . China’s economy is straining to keep up a semblance of its former growth rate. The surest sign is the way a shadow market in bank paper has evolved to substitute the commodity that China is increasingly running ...
https://thediplomat.com/2013/12/chinas-shadow-currency
China’s Shadow Currency. Bankers acceptance notes are financing tremendous speculation in China’s provinces. How long can this last? By Matthew Lowenstein. December 12, 2013 . China’s economy is straining to keep up a semblance of its former growth rate. The surest sign is the way a shadow market in bank paper has evolved to substitute the commodity that China is increasingly running ...
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