Portal:Business
The Business PortalBusiness is the activity of making one's living or making money by producing or buying and selling products (such as goods and services).[need quotation to verify] Simply put, it is "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner. (Full article...) Selected articleBank of China (Hong Kong) Limited (BOCHK, 中國銀行(香港)有限公司) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits, with more than 300 branches in Hong Kong. It was established on October 1, 2001 from a merger of 12 subsidiaries and associates of the Bank of China in Hong Kong, and listed on the Hong Kong Stock Exchange in October 2002. As of the end of 2003, the bank had HK$763 billion in assets and earned net profit of HK$8 billion in 2003. BOCHK is one of the three banks which issue banknotes for Hong Kong, the biggest member and a founder of the JETCO ATM and payment system, and the designated clearing bank in Hong Kong for transactions involving the renminbi, Mainland China's currency. It is legally separate from its parent, Bank of China (BOC), although they maintain close relations in management and administration and cooperate in several areas including reselling BOC's insurance and securities services. It also shares its Hong Kong headquarters, the Bank of China Tower, with its parent; completed in 1988, this was the first building outside of North America to exceed 1,000 feet (300 m). Selected image
Selected quote"That is just what happened in 1893. Wall Street expected it and was ready with actual cash to buy in at nominal prices what the public was forced by the panic to sacrifice. The banks got their share of the plunder, the repeal of the silver purchasing clause, and increase of Govemtnent currency was stopped. But Wall Street had to wait for its share, the gold standard. The banks, however, were loyal to the conspiracy. They stood with Wall Street in the campaign of 1896, and on March 14, 1900, Wall Street and its foreign bond-holding clients got their share of the plunder, the adoption by Congress of the single gold standard. Writer is not hereby attacking the gold standard or advocating its repeal. That law is an accomplished fact. Nor is he favoring free and unlimited coinage of silver at sixteen to one. He is a republican, and never believed free silver coinage to be the proper remedy. But he is trying plainly to state without political bias certain historic facts and seemingly fair deductions of great significance because such facts have a most important bearing tending to reveal the true character and methods of the national banking system and Wall Street and throw a flood of needed light upon the present attempt of these interests to still further increase their profits and power at the expense of the people."
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