A through-train casualty
By Tim Burroughs April 14th, 2008According to an analyst at Bank of China International (BOCI), a corner of the bank’s Hong Kong office is piled high with unused equipment. This equipment was brought in to cope with the surge in trading business expected to come as mainland individuals started investing directly in Hong Kong stocks under the H-share through-train scheme. Premier Wen Jiabao put the brakes on the through-train in November and, based on current progress, BOCI’s equipment might be obsolete by the time the wagons start rolling.



April 18th, 2008 at 4:10 pm
[...] supposed to start in Tianjin banks (You may remember CER-editorial-top-dog Tim Burroughs’s post about disused equipment meant for the scheme piling up in a Bank of China office in Hong Kong). The [...]