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  1. Explosion of rural credit increases risks

    Posted Aug 17th 2009, 12:00am by Staff Reporter

    ... at rural commercial banks increased 140 million yuan to 19.28 billion yuan in this year's first half. Despite rising bad debts, the tough times have put pressure on Beijing to unleash ... banks to retreat to the cities, leaving only Agricultural Bank of China and the rural credit co-operatives to lend to them. Concerns about bad debts and low profits in rural areas have stymied ...

  2. Number of indebted police down, but trouble tipped to rise

    Posted Jan 14th 2009, 12:00am by Staff Reporter

    ... Joshua But A lawmaker and a representative of a police union have predicted a resurgence in the number of police officers plagued by debt troubles amid the financial crisis, after two years in which the numbers have fallen. A Security Bureau paper submitted to lawmakers yesterday reveals another nine police officers were found to have unmanageable debts in the second half ...

  3. How China breaks the rules of rapid growth

    Posted Aug 03rd 2009, 12:00am by Tom Holland

    ... with Tom Holland China-watchers have long scratched their heads over the rapid build-up of Beijing's foreign exchange reserves. In April, official reserves hit a record US$2 trillion, less than three years after they passed the US$1 trillion mark. Yo ...

  4. Subsidies set for rural lenders to boost credit

    Posted May 21st 2009, 12:00am by Martin Zhou

    ... most state banks to retreat, leaving behind only Agricultural Bank of China and rural credit co-operatives at one stage. Lenders that stayed on have limited lendings on concerns about bad debts ...

  5. Lender's write-offs to clear legacy bad loans

    Posted Jan 14th 2009, 12:00am by Staff Reporter

    ... (HK$6.36 billion) as bad-debt provisions and wrote off 9.4 billion yuan of non-performing loans. Chairman Frank Newman said the loan provisions and write-offs provided the bank an opportunity ...

  6. HKMA says banks face tough year and some may post losses

    Posted Feb 14th 2009, 12:00am by Staff Reporter

    ... Maria Chan The Hong Kong Monetary Authority has warned the operating environment for banks remains difficult this year and predicts some lenders could have slipped into the red last year. Choi Yiu-kwan, a deputy chief executive of the de facto central ban ...

  7. Bank launches 'green' loan scheme

    Posted Sep 29th 2009, 12:00am by Adrian Wan

    ... Adrian Wan HSBC has launched a loan scheme for 'green' financing- lending people money to spend on the purchase, installation and other expenses related to eco-friendly equipment. The minimum loan amount is HK$300,000, and interest rates vary bu ...

  8. HSBC expects strong response to HK bonds

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

    ... Maria Chan HSBC Holdings said bond sales to individual investors doubled in the first four months of the year, indicating increasing demand for quality paper. Peter Wong Tung-shun, an executive director at HSBC Asia-Pacific, expected the proposed Hong Kon ...

  9. Retail investors could be shut out of Rusal IPO

    Posted Dec 18th 2009, 12:00am by Howard Winn

    ... that it was unhappy at the prospect of retail investors being allowed to buy Rusal shares. 'This is a highly complex company. It's very big, and it's got a lot of debt and there are number ... in the history of the Hong Kong stock exchange. Rusal is attempting to list 10 per cent of its shares to raise about US$2 billion- most of which will go towards paying off its massive debt burden ...

  10. Tax loan rates head to mouth-watering lows

    Posted Nov 29th 2009, 12:00am by Paggie Leung

    ... Maria Chan and Paggie Leung Victor Lam, who works at an advertising firm, will have no difficulty paying his tax bill this year. The difficult part will be passing up a tax loan, since the rates are so good. They are not just good: some of the going rates ...




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