Bloomberg.com, 24 Nov 2008, Chia-Peck Wong
Nov. 24 (Bloomberg) -- Standard Chartered Plc may lose its right to issue Hong Kong bank notes if a Singapore-owned company raises its stake in the lender above 20 percent through a rights offer, Hong Kong’s de facto central bank said.
“We don’t wish a foreign government to have a large influence over our note-issuing banks,” Joseph Yam, chief executive of the Hong Kong Monetary Authority, told reporters in Beijing today. His comments were broadcast on television.
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Bank risks notes loss - The Standard, 25 Nov 08
StanChart note-issuing at risk - South China Morning Post, 25 Nov 08
