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  • July 10, 2014
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  1. Co-branded credit card adds value for shoppers

    Posted Aug 03rd 2007, 12:00am by Tim Metcalfe

    ... Tim Metcalfe Credit cards go hand in hand with shopping, but MegaBox is the first mall in Hong Kong to launch a co-branded card with a bank. In partnership with Hang Seng Bank, the Hang Seng MegaBox Card offers exclusive shopping, dining and entertainment privileges- including free parking in reserved spaces. MegaBox general manager Andy To said: 'This innovative ...

  2. Local lender takes credit for mainland charge

    Posted Oct 12th 2004, 12:00am by Staff Reporter

    ... Bank's yuan credit card for Hong Kong residents yesterday. The bank, and its parent HSBC, are the first two local lenders without direct mainland ties to offer yuan credit-card services for Hong Kong residents, who can use the cards to make purchases at almost 400,000 mainland shopping outlets bearing the China UnionPay logo. They can also use the cards for cash advances at mainland ...

  3. Hong Kong's report card makes for optimistic reading

    Posted Dec 24th 2007, 12:00am by Dennis Eng

    ... in the US and the widening credit crisis will dampen Hong Kong's prospects in 2008, so far, the city's economic report card for this year is impressive. Real economic growth for the first ...

  4. AEON tempers gains with caution

    Posted Sep 23rd 2011, 12:00am

    ... half of this year, the company said yesterday. The Hong Kong-listed firm, whose local business consists mostly of consumer finance and credit cards, saw its attributable profit rise 14.6 per ... to HK$61 million year on year, on the back of lower funding costs. Economic recovery led to a drop in revenue from late charges, down 10.4 per cent to HK$ 25.8 million. Revenue from credit cards ...

  5. SMEs get credit lifeline to help weather the storm

    Posted Feb 07th 2012, 12:00am

    ... Denise Tsang denise.tsang@scmp.com The government-owned Hong Kong Export Credit Insurance Corporation is offering new measures to help small and-medium-sized exporters (SMEs) weather ... said the Hong Kong Export Credit Insurance Corporation would offer 5 to 10 per cent discounts on premiums to companies earning HK$10 million in revenue annually. Such companies account for 90 ...

  6. SME credit guarantor to debut in HK listing first

    Posted Jan 04th 2012, 12:00am

    ... A corporate credit guarantee provider for small and medium-sized enterprises will become the first new entrant for the year to the Hong Kong market with a plan to raise more than HK$25 ... assets through its Hong Kong subsidiary. Credit-tightening measures to tame inflation and an overheated property market have made it difficult for many SMEs to get loans from commercial banks, ...

  7. H.S.I. to hit 25,000 in 2012 on looser credit, CCB says

    Posted Dec 16th 2011, 12:00am

    ... Charlotte So charlotte.so@scmp.com Beijing's initial moves to relax credit would become more pronounced next year, helping to boost the Hang Seng Index to 25,000 points in 2012, ... reserve ratio (RRR) by 50 basis points on December 5, which is considered a curtain-raiser for other, stronger credit relaxations, Lam said. He predicted that there would be another three cuts ...

  8. S&P keeps HKT credit watch despite spin-off

    Posted Oct 19th 2011, 12:00am

    ... Bien Perez bien.perez@scmp.com Standard & Poor's (S&P) will keep the long-term debt rating of Hong Kong Telecommunications (HKT), part of the PCCW Group, on Credit ... HKT's investment-grade 'BBB' rating on CreditWatch with negative implications on March 25, days after PCCW said it was in discussions with Hong Kong authorities about the feasibility ...

  9. Listed banks low on 'green credit'

    Posted Jul 18th 2011, 12:00am

    ... in implementing green credit were involved'. The report warned that 'ignoring public opinion' and sticking to their traditional practices would hurt their finances and their reputations. ... Beijing has introduced green credit policies, they were generally 'soft' and implementation was not mandatory, the report quoted Yuang Qingdan, deputy director of the Ministry ...

  10. CKI and HK Electric under credit watch

    Posted Aug 03rd 2010, 12:00am by Staff Reporter

    ... Bien Perez The ratings of Cheung Kong Infrastructure Holdings and Hongkong Electric Holdings were placed on credit watch yesterday after an offer to buy Electricite de France's power networks in Britain for GBP5.78 billion (HK$70.9 billion). Standard & Poor's Rating Services put the firms' stable 'A-minus' long-term rating on credit watch because ...




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