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  1. Albert House loan scheme 'inhuman'

    Posted Jan 29th 2005, 12:00am by Chloe Lai

    ... the liquidator about the loan proposal to ensure the flat owners had time to repay their debts. The collapse in 1994 killed one person and injured eight. The Court of First Instance ruled in November ...

  2. Debt collection regulations rejected

    Posted Sep 10th 2005, 12:00am by Ravina Shamdasani

    ... Reform Commission to regulate debt collection agencies, three years after they were made. The Security Bureau yesterday issued a report responding to the commission's recommendations to create a criminal offence of harassment of debtors, to institute a statutory licensing scheme for debt collectors and agencies, and to regulate the sharing of consumer credit data. The bureau ...

  3. BOC profits pick up as bad debt shrinks

    Posted Apr 19th 2005, 12:00am by Elaine Chan

    ... Elaine Chan in Beijing Bank of China (BOC), the country's biggest foreign-exchange bank, yesterday posted improved first-quarter earnings as its proportion of bad debt shrank. ... compared with the first quarter last year to 17.72 trillion yuan, according to figures released by the China Banking Regulatory Commission yesterday. However, the state lenders' bad debt ...

  4. Property sales to cut fabric maker's debt

    Posted Dec 16th 2005, 12:00am by Andy Chen

    ... Andy Cheng Fountain Set (Holdings), a global leader in manufacturing knitted fabrics, aims to continue disposing of its Hong Kong properties to lower gearing and finance business. It estimated disposal of industrial properties next year could generate $50 ...

  5. D'Long debt soars

    Posted Mar 29th 2005, 12:00am by Elaine Chan

    ... Elaine Chan Private investment firm D'Long Group might have incurred debts as high as 57 billion yuan, nearly double an estimate reported by state media. The latest figure included 34 billion yuan of financial debts and 23 billion yuan owed by its industrial enterprises, reported Securities Market Weekly, a publication of the Beijing-backed Stock Exchange Executive Council. ...

  6. Exporters losing billions in debt

    Posted Sep 22nd 2005, 12:00am by Mark O'Neill

    ... they fail to check the creditworthiness of foreign buyers and are reluctant to pursue the debts. A survey of 500 exporters published yesterday by the Ministry of Commerce found that they failed ... foreign-invested firms. 'These firms are weak at all stages of the process- checking the customer before they sign the deal, the payment system they use and pursuing the debt after the goods have been ...

  7. Flow of government debt to remain robust

    Posted Feb 15th 2005, 12:00am by Staff Reporter

    ... Anette Jonsson Asia-Pacific governments will issue US$2.08 trillion worth of medium- and long-term debt this year, compared with US$1.91 trillion last year, Standard & Poor's forecasts. More than 80 per cent of that will be domestic yen issues by the Japanese government, however. Outside of Japan, the value of new sovereign debt issues is expected to grow by 10.9 per cent ...

  8. SHKP secures $12.6b debt deal

    Posted Feb 19th 2005, 12:00am by Peggy Sito

    ... has ever arranged was increased from $5 billion because of strong response from lenders. The debt carries an annual interest rate of 0.25 percentage point above the Hong Kong interbank offered ... be used for general corporate funding and to lengthen SHKP's debt-maturity profile, the company said. Co-ordinating arrangers and underwriters include Sumitomo Mitsui Banking Corp, Bank ...

  9. Debt collector gets life for deadly acid attack

    Posted Sep 15th 2005, 12:00am by Jonathan Li

    ... Jonathan Li A debt collector has been jailed for life for using sulfuric acid to murder the elderly mother-in-law of a man who owed $76,000. A Court of First Instance jury took 71/2 hours ... recommendations made by the Law Reform Commission calling for better regulations against debt collection agencies following a surge in complaints against collectors. The jury heard that in May last year ...

  10. Foreigners get final nod for yuan debt issues

    Posted Mar 02nd 2005, 12:00am by Staff Reporter

    ... Bei Hu A long-awaited regulation clearing the way for foreign organisations to sell yuan-denominated debt was unveiled yesterday. The move to expand the underdeveloped mainland bond market ... will help set benchmark interest rates for long-term borrowing from the non-government sector and that in turn will help price debt when domestic corporates and agencies start to go into the market ...




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