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  • September 23, 2014
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  1. China Development Bank planning sale of 3b yuan bonds

    Posted Jul 16th 2009, 12:00am by Staff Reporter

    ... Maria Chan China Development Bank, a former policy lender on the mainland, plans to sell as much as 3 billion yuan (HK$3.4 billion) worth of yuan-denominated bonds in Hong Kong by the end of the month, sources say. The bank would sell the bonds, which have a two-year maturity, between July 28 and August 14 with an expected coupon rate of more than 2 per cent but lower than the 2.8 per ...

  2. Developers eagerly topping up land banks

    Posted Jul 04th 2009, 12:00am by Peggy Sito

    ... Peggy Sito Mainland developers are busily replenishing their land banks in the latest sign of growing investment confidence in the property market. Agile Property Holdings bought a 100,000 ... existing land bank is only enough to supply its development requirements for two to three years, and it has more than 20 billion yuan in cash on hand, according to Citigroup. Another property ...

  3. Developer denies defrauding four banks

    Posted Jul 19th 2005, 12:00am by Jonathan Li

    ... Jonathan Li A property developer carried out a string of bogus property transactions to defraud banks over mortgages worth more than $12 million, the District Court heard yesterday. The court was told Tai Chi-wah, 49, conspired with four others between January 2002 and May 2003 to defraud four banks in relation to $12.32 million in mortgages for four houses at the Villa Pinada ...

  4. Investment 'detectives' offer advice on sniffing out deals

    Posted Feb 15th 2009, 12:00am by Staff Reporter

    ... a big factor determining whether local property prices and rents rise or fall is international banks and other financial institutions moving highly paid staff in and out of Hong Kong. When banks ... or Discovery Bay, where rents would also rise. In the last six months, thousands of expats have been fired or called home by international banks, insurers and law and accountancy firms. Analysts expect ...

  5. Business - Banking & Finance - TAKEOVERS

    Fubon Financial to buy majority control of First Sino Bank

    Posted Dec 28th 2012, 12:00am by Daniel Ren

    ... (HK$6.9 billion) from the existing shareholders, including Pou Chen Group, a Taiwanese footwear and retail company, Hong Kong's Wing Hang Bank and Shanghai Pudong Development Bank. Following ... Holding, the second-largest publicly traded financial group in Taiwan, will buy majority control of First Sino Bank, in what is the largest acquisition of a mainland business by a Taiwanese ...

  6. Cities, property developers poised to build on speedy links

    Posted Mar 09th 2011, 12:00am by Toh Han Shih

    ... district in Shenzhen was benefiting from the rail development, with Hong Kong developers building land banks there, he said. Longhua will be home to an interchange for the Shenzhen Metro Line 12, ... area of 233,140 square metres on which a mixed-use development with a net site area of 62,300 square metres will be built. Recently, property developers had been creating land banks to build ...

  7. Mainland developers go on spending spree

    Posted Sep 10th 2010, 12:00am by Sandy Li, Yvonne Liu

    ... Sandy Li and Yvonne Liu The credit crunch and growing fears of further measures to cool the property market have not stopped developers from acquiring development sites in major cities. In the past two days, they have spent almost 10 billion yuan (HK$11.45 billion) on land acquisitions. 'Developers have huge cash reserves after strong sales. They have to replenish land banks ...

  8. Developers snap up commercial sites in land rush

    Posted Dec 20th 2010, 12:00am by Peggy Sito

    ... purchase of a retail-apartment site in Nanjing. The purchases almost doubled its existing land bank. Some analysts said the switch to commercial land banks would present developers with challenges. ... Peggy Sito Land sales on the mainland are heating up as big developers accumulate land to push smaller competitors out of the market, according to analysts. With policy-risk hanging over ...

  9. Developers propelled by chance of rate cut

    Posted Dec 17th 2008, 12:00am by Staff Reporter

    ... Fulton Mak Shares of mainland developers rallied yesterday on speculation that the central bank would cut interest rates further, but analysts doubted that a rate reduction could ease ... The central bank has cut the lending rate four times by a total of 189 basis points since September, but the property market has remained depressed. Mr Chow expected developers to remain under ...

  10. Developers feel pinch as cash tap turned off

    Posted Jul 02nd 2008, 12:00am by Staff Reporter

    ... banks can lend to developers. Banks were given tough lending quotas earlier this year, restricting property companies' access to loans and forcing some to try and raise funds on the troubled stock market. 'Due to the loan quota, we rarely give credit lines for developers' construction projects,' said a loan appraisal officer at China Construction Bank. 'The ...




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