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  1. Low-end delta factories gain reprieve on deposits

    Posted Sep 06th 2007, 12:00am by Denise Tsang, Enoch Yiu

    ... to pay cash deposits of up to 100 per cent when buying 1,853 types of raw materials such as plastics and metals. Under the revamped rule, they will be allowed to settle the deposit with a letter of credit, bank guarantee, or other unspecified payment instead of cash. The deposits, although refundable, would have meant locking up cash resources- a severe imposition for many small businesses. ...

    http://www.scmp.com/article/606825/low-end-delta-factories-gain-reprieve-deposits
  2. No refund of hospital deposit

    Posted Aug 02nd 2007, 12:00am by Celine Sun

    ... Celine Sun A Hong Kong citizen, whose mainland wife suffered a miscarriage, was refused a refund of the HK$39,000 booking deposit they paid to Eastern Hospital. The couple paid the deposit, which is imposed by the Hospital Authority in an effort to curb the wave of mainland pregnant women coming to Hong Kong to deliver babies, in February. According to the authority, deposits ...

    http://www.scmp.com/article/602686/no-refund-hospital-deposit
  3. StanChart aims to boost clients with yuan offerings

    Posted Aug 04th 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Standard Chartered Bank (Hong Kong) says it will actively promote its new yuan service to non-residents in the city, and hopes to see its mainland customer base double every year. From Wednesday this week non-residents have been able to open yuan accounts with banks in Hong Kong. Until then, only Hong Kong identity cardholders were allowed to open ...

    http://www.scmp.com/article/1008479/stanchart-aims-boost-clients-yuan-offerings
  4. News - China - TERRITORIAL DISPUTE

    China to ramp up development on disputed Paracel island

    Posted Nov 11th 2012, 02:50pm by AFP

    ... the Paracels, but Macclesfield Bank, a largely sunken atoll to the east, and the Spratly Islands to the south. The sovereignty of each remains a matter of dispute. “To safeguard our legal rights ... and substantial proven and estimated oil and gas deposits. Taiwan and Asean members the Philippines, Vietnam, Brunei and Malaysia all have rival claims on areas of the sea, while the United States is also ...

    http://www.scmp.com/news/china/article/1079962/china-ramp-development-disputed-paracel-island
  5. Investors from HK, mainland shun Spain

    Posted Jun 14th 2012, 12:00am

    ... a joint venture in Hong Kong,' he said. Meanwhile, foreigners' deposits and loans to Spanish banks fell Euro46 billion in the first quarter, following a decline of Euro43 billion ... be fleeing Spain,' he said. Last weekend, the EU announced a Euro100 billion bailout of Spanish banks. The country's debt problem prompted global rating agency Standard & Poor's ...

    http://www.scmp.com/article/1003945/investors-hk-mainland-shun-spain
  6. Politics 'a risk'

    Posted Jun 11th 2004, 12:00am by Kelvin Chan

    ... bonds and bank deposits stay at A1, the fifth-best investment grade. The ratings have a stable outlook. The report's author, Steven Hess, said public dissatisfaction was growing over ...

    http://www.scmp.com/article/459068/politics-risk
  7. News - Hong Kong - COURTS

    Fishing boats in 'smuggle' 600 million litres of fuel

    Posted Aug 14th 2012, 12:00am by Joyce Man

    ... Development, hired the barges. Luk said deposits totalling HK$2.6 billion landed in Chi Shing's accounts at the Bank of China and HSBC from June 2009 to January 2010. The company sold 606 million litres of marked oil in 5,807 deals. The five defendants were "actively involved" in Chi Shing's daily business, Luk said. The bank accounts of the brothers-in-law, Sze and Lai ...

    http://www.scmp.com/news/hong-kong/article/1013822/fishing-boats-smuggle-600-million-litres-fuel
  8. Sector must reposition itself

    Posted Sep 18th 2010, 12:00am by John Cremer

    ... Hong Kong banks to conduct more extensive yuan business is having a major impact. This includes taking yuan deposits for Hong Kong residents, trade finance, and investment in the inter-bank ... John Cremer Looking ahead to the panel discussion he will chair at the HKIB's second annual banking conference on Tuesday, Stanley Wong knows there will be no shortage of feedback ...

    http://www.scmp.com/article/725109/sector-must-reposition-itself
  9. HK households second richest in Asia, survey reveals

    Posted Jun 11th 2004, 12:00am by Staff Reporter

    ... the survey showed. Despite the growth, Hong Kong households still hold nearly half of their funds in low-yield cash and bank deposits. Hong Kong achieved an aggregate compound annual growth rate ... Staff Reporter Hong Kong households are the second richest in Asia per capita behind Japan, according to a bank survey released yesterday. The Citibank Asia-Pacific Consumer Wealth Review ...

    http://www.scmp.com/article/459060/hk-households-second-richest-asia-survey-reveals
  10. In Brief

    Posted Feb 09th 2004, 12:00am by Staff Reporter

    ... Banker does not expect rush of yuan deposits A top banker does not believe there will be a rush of people opening yuan accounts in Hong Kong. Standard Chartered Bank chief executive Peter Wong Tung-shun said the bank was preparing to offer renminbi deposit accounts in the city on February 25. He pointed out that other foreign currencies offered more attractive interest rates. ...

    http://www.scmp.com/article/443888/brief

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