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  • April 21, 2014
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  1. Property selling despite curbs, agents say

    Posted Nov 21st 2010, 12:00am by Ada Lee, Charlotte So

    ... homes could be limited, agents say. A day after the authorities, taking aim at 'flippers', announced an additional stamp duty of up to 15 per cent on property transactions and cut ... the government has imposed an additional 15 per cent stamp duty for properties changing hands within six months, and 10 per cent for properties changing hands within a year but more than six months. ...

  2. Air China seeks deals as fuel cuts 15pc off earnings

    Posted Aug 27th 2008, 12:00am by Charlotte So

    ... Charlotte So Air China, whose profit dropped 15 per cent in the first half, said consolidation in the industry would provide it with new opportunities as airlines faced strong headwinds. ... months to June from 1.48 billion yuan a year earlier. Air China attributed the decline to rising fuel costs and losses from Cathay Pacific Airways, of which it owns 17.5 per cent. Cathay reported ...

  3. Moral duty to help our fellow Chinese in need

    Posted Jul 03rd 2008, 12:00am by Staff Reporter

    ... to contribute, in a meaningful way, to reconstruction efforts. Last month, the central government ordered 19 provinces and cities to contribute, over three years, at least 1 per cent of their fiscal ... for the government to use 1 per cent of annual revenue as a reference rather than a precise figure for contribution. This comes to roughly HK$3.4 billion a year - or slightly more than HK$10 billion over ...

  4. Mainland stocks succumb to inflation fears

    Posted May 27th 2008, 12:00am by Staff Reporter

    ... a 49.2 per cent drop from its peak April 22: Intraday trading sees the index dip below 3,000 for the first time in over a year April 23: Ministry of Finance announces a cut in stamp duty on share ... is near the level it sank to last month before Beijing intervened, cutting the stamp duty to bolster the troubled market. Analysts and investors speculated that the regulator might step in again, ...

  5. Bocom sees net income rise 81.2pc to 15.5b yuan

    Posted Aug 27th 2008, 12:00am by Staff Reporter

    ... first-half earnings surged 81.21 per cent but warned of tougher going for the rest of the year. Boosted by higher interest income and lower tax payments, Bocom achieved net income of 15.51 billion ... it would be hard to repeat the pace of earnings growth in the first half. Bocom, which is 19.15 per cent owned by HSBC Holdings, posted interest income of 33.1 billion yuan, a 40.62 per cent jump ...

  6. Stocks undergo roller-coaster year

    Posted Dec 22nd 2008, 12:00am by Staff Reporter

    ... thinking, wrongly in the last case, they were getting their houses in order. On the mainland, the Ministry of Finance cut the stamp duty from 0.3 per cent to 0.1 per cent on April 23, driving ... as it slumped 20.75 per cent and lost HK$16.36 trillion in market capitalisation. The slide continued and the index hit 21,174.77 points on July 15 after oil rose to a historic high of US$147.27 ...

  7. Catastrophe causes 15m yuan of losses for Towngas China

    Posted May 17th 2008, 12:00am by Denise Tsang

    ... about 30 per cent of its portfolio and about 20 per cent of its 2 billion cubic metres of gas sales this year, Mr Chan said. Despite the dramatic change in the downstream gas market ... Denise Tsang The devastating earthquake in Sichuan province has brought about losses of 15 million yuan (HK$16.73 million) to Towngas China, which operates 13 piped-gas projects in Sichuan ...

  8. TravelSky books 11pc drop in interim profit

    Posted Aug 30th 2008, 12:00am by Charlotte So

    ... systems, completing installation at various domestic and overseas sites for the airline. Sales from its information technology division accounted for 80.15 per cent of total sales, up 8.71 per cent ... Charlotte So TravelSky Technology, the mainland's largest air ticketing technology provider, posted an 11.47 per cent decline in net profit for the first half, saying air traffic ...

  9. Charity pledges US$15m for Sichuan homes

    Posted Mar 05th 2009, 12:00am by Celine Sun

    ... to the epicentre, saw 95 per cent of its buildings destroyed in the magnitude-8 earthquake that killed more than 80,000 people. Alfred Tsang Hing-man, chief executive of the group, said the houses ... Celine Sun Local charity group Habitat for Humanity China has committed US$15 million to rebuild communities in the quake-devastated villages of Sichuan. The non-governmental organisation ...

  10. Real estate loses safe-haven appeal

    Posted Aug 06th 2008, 12:00am by Staff Reporter

    ... cent mortgage rate - compared with the 1 per cent nominal interest rate earned on a yuan deposit. But after taking into account various transaction costs such as stamp duty, rates, maintenance ... on savings was as low as 1.5 per cent while inflation ranged from 5.8 to 11.6 per cent and real mortgage rates fell to negative territory in the early 1990s. 'The present low rates might have ...




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