www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Qingdao probe may affect attractiveness of commodity finance deals

By Reuters (China Daily) Updated: 2014-06-10 07:26

Is the metal stored in a Chinese warehouse really there? Has the peanut oil shipment that a bank lent money against been swapped for worthless water?

Basic questions have begun to play on the minds of traders and bankers doing business in the world's largest raw material importer, after an investigation began at Qingdao Port into whether more than one license had been issued against the same material.

The duplication, which leaves someone out of pocket when they claim what they thought was theirs, may be the result of deliberate fraud by a company using the same metal to raise multiple loans.

The case of Qingdao, the world's seventh-largest port, has yet to play out and could be an isolated problem involving one or a handful of companies, rather than endemic at ports.

But for many Western traders eyeing the gargantuan growth of China's commodity demand, credit is a touchy issue that brings back memories of the 2008 financial crisis, making them especially jumpy when credit related issues arise.

Qingdao Port International Co Ltd said on Friday it had been asked by the Ministry of Public Security to help with an investigation relating to aluminum and copper products under the name of a third-party cargo shipment agency on behalf of a cargo owner.

It did not say how much metal was involved, but it said that it was an "immaterial proportion" of its total annual throughput. The port added that none of its employees was under investigation.

Yet in a country where oversight of commodity warehousing is generally accepted as weaker than in developed financial centers, the case is making people nervous.

Already, some copper cargoes being held at Qingdao are being shipped to warehouses outside the country that are regulated by the London Metal Exchange, industry sources said, in what one trade executive called a "classic flight to quality".

Qingdao probe may affect attractiveness of commodity finance deals

Qingdao probe may affect attractiveness of commodity finance deals

 Robust growth at Shanghai port  Tianjin Port plans to upgrade its overall environment

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 国产99视频免费精品是看6 | 99久久香蕉 | 欧美日本亚洲国产一区二区 | 欧美一级视频在线观看欧美 | ririai99在线视频观看 | 欧美午夜免费观看福利片 | 99精品免费| 综合久久91 | 国产免费黄视频 | 99久热在线精品视频播放6 | 色综久久 | 成人免费视频一区 | 日韩欧美在线一区二区三区 | 99re热这里只有精品视频 | 国产亚洲欧美日韩在线看片 | 特级aa毛片在线播放 | 国产一区二区三区免费观看 | 欧美高清在线精品一区二区不卡 | 国产草草影院ccyycom软件 | 天天看有黄有色大片 | 亚洲 自拍 欧美 综合 | 久草免费在线播放视频 | 免费的特黄特色大片在线观看 | 亚洲欧美人妖另类激情综合区 | 国产欧美亚洲三区久在线观看 | 精品a在线观看 | 色天天躁夜夜躁天干天干 | 国内成人自拍 | 欧美精品一二区 | 欧美区一区| 久久99国产乱子伦精品免 | 真人一级毛片免费观看视频 | 久久国产网 | 亚洲精品午夜久久久伊人 | 国产一级在线观看 | avtt制服丝袜 | 一区二区三区高清视频在线观看 | aa级毛片| 亚洲一区二区中文字幕 | 国产亚洲精品资源一区 | 亚洲人成片在线观看 |