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  1. HKMA debt paper seen to smooth settlements

    Posted Dec 21st 2007, 12:00am by Staff Reporter

    ... Maria Chan The Hong Kong Monetary Authority says it may issue more Exchange Fund paper, a special form of debt, a move that could help smooth payment settlements between banks at a time ... Chi-kwong in his weekly column on the authority's website. Exchange Fund bills and bonds are HKMA debt instruments that banks can use as collateral to make short-term borrowings from the de ...

  2. First-quarter foreign debt balance grows 2.65pc in mainland

    Posted Jul 31st 2007, 12:00am by Denise Tsang

    ... Denise Tsang The mainland's foreign debt balance grew 2.65 per cent in the first quarter of this year amid tightened monetary measures, according to the country's foreign exchange regulator. The State Administration of Foreign Exchange (Safe) yesterday revealed that the nation's foreign debt balance climbed to US$331.5 billion in the first three months from ...

  3. Think before you take out a loan- not all debts are bad

    Posted Oct 15th 2007, 12:00am by Sophie Paine

    ... Money is written by Sophie Paine, who teaches students financial literacy at www.aandbmake3.com Debts can be as small as a few dollars borrowed from a friend for a few days. 'Could ... building a new factory. But debts have a common point: they are not free. The price of having money now and being able to pay back later is called interest. Interest rates fluctuate according ...

  4. Debt said to be taking toll on universities

    Posted Aug 16th 2007, 12:00am by Raymond Li

    ... Raymond Li Spiralling debts have begun to take their toll on the daily operation of universities, the National Development and Reform Commission has warned. In a social development report, the top planning agency said universities had amassed 200.1 billion yuan in debts by the end of 2005. It was the first time mainland authorities had revealed such figures and offered a rare ...

  5. Authorities vow to help debt-ridden universities

    Posted Sep 13th 2007, 12:00am by Staff Reporter

    ... Zhuang Pinghui Mainland education authorities have vowed to help tertiary institutions get through a crisis that has seen the sector saddled with debts. Education Minister Zhou Ji said yesterday both the central and lower-level governments would increase their education budgets and help the universities gradually pay off their debts. The debts, totalling more than 200 billion yuan ...

  6. Landmark report warns of Beijing's rising public debt

    Posted Jan 16th 2007, 12:00am by Raymond Li

    ... Olympics. In what is believed to be the first report on local government debts and borrowings on the mainland, the capital's people's congress said overall public debt in Beijing had been ... suppressed, said outstanding local government debt in Beijing had reached 'dozens of billions of yuan' by the end of June. It also said government debt accounted for 20 per cent ...

  7. Consumer debt

    Posted Mar 04th 2007, 12:00am by David Wilson

    ... up deep in debt after maxing out credit card after credit card- each shoved down his throat by the supplier. Finally, O'Donnell dropped out of college. He moved in with his parents ... be addressed before debt devours the west. If that scenario sounds paranoid, consider that in 2004 in the US bankruptcies were higher than for the Great Depression, largely thanks to Americans' ...

  8. Lifting of 50b yuan in debts gives rural schools fresh start

    Posted Jul 19th 2007, 12:00am by Staff Reporter

    ... Ng Tze-wei The central government will free the country's rural schools from the weight of their massive backlog of debts so they can have a fresh start to implement the programme ... in debts since the late 1980s in efforts to realise the free education programme. But experts say that the figure could actually turn out to be much higher. National People's Congress Standing ...

  9. Sinotruk to reduce debt with listing proceeds

    Posted Nov 15th 2007, 12:00am by Kandy Wong

    ... Kandy Wong Sinotruk (Hong Kong) will lower its debt-equity ratio to 55 per cent from 82.2 per cent after its initial public offering this month. 'Our gearing will decline ... for which we shouldered all costs,' added chairman Ma Chunji. Sinotruk will use HK$2.5 billion, or 28 per cent of the expected proceeds, to repay some of its debts. Jinan-based Sinotruk ...

  10. HSBC isolates fallout from subprime debt

    Posted Nov 27th 2007, 12:00am by Staff Reporter

    ... their existing papers for the notes issued by one or more new vehicles when their debt falls due. These new vehicles will be funded either by commercial papers backed 100 per cent by liquid facilities, ... solution for the SIV sector 'is not likely'. The value of SIVs has plunged as investors started to shun mortgage-related debt when the US subprime crisis surfaced. Most SIVs were unable ...




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