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  1. Developers warned over debts

    Posted Feb 16th 2011, 12:00am by Amanda Lee

    ... Amanda Lee Mainland developers' appetite for high-yield debt could create headaches this year, according to rating agency Standard & Poor's. S&P warned in a report ... billion in the bond markets, S&P said. Evergrande was among the top borrowers in international and local bond markets, raising a total of US$2.15 billion of high-yield debt paying investors ...

  2. Big four banks maintain loan target despite inflationary fears

    Posted Mar 07th 2011, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai The mainland's four largest banks expect to issue loans totalling nearly three trillion yuan (HK$3.55 trillion) this year- almost unchanged from last year- according to bankers with knowledge of the matter. The combined loan ta ...

  3. New warning over pyramid scams

    Posted Feb 21st 2011, 12:00am by Elaine Yau

    ... Elaine Yau The perils of being lured into pyramid selling schemes have been highlighted again as more young victims seek help from the Hong Kong Federation of Trade Unions. It has prompted calls from federation lawmaker Ip Wai-ming for the government to b ...

  4. Toll roads sag under debt of 760b yuan

    Posted Oct 18th 2011, 12:00am

    ... Ed Zhang in Beijing and Toh Han Shih Twelve provinces are faced with debt totalling 759.3 billion yuan (HK$920.8 billion) they have incurred from building toll roads, and money from fees ... and analysts caution that the impact of the debts on government finances needs to be addressed. Faced with persistent public complaints about high tolls, authorities of the 12 provincial-level ...

  5. Allied Cement to smooth out debt

    Posted Dec 31st 2011, 12:00am

    ... Toh Han Shih hanshih.toh@scmp.com Allied Cement, aims to use nearly all the proceeds of its initial public offering to pay off debt after listing on the main board of the stock exchange. ... The company will use HK$130 million to repay its debts to its majority shareholder, Tian An China Investments, a Hong Kong-listed property and construction material company. It will use another HK$10 ...

  6. Heavy debts no problem in Tianrui's HK debut

    Posted Dec 24th 2011, 12:00am

    ... Toh Han Shih hanshih.toh@scmp.com Despite its heavy debt burden, China Tianrui Group Cement got the thumbs-up from investors yesterday on its debut, with its share price soaring 22 per ... The company plans to use 95 per cent of its initial public offering proceeds to repay debts to JP Morgan and International Finance Corporation (IFC), a member of the World Bank, according to its ...

  7. Bargain hunters cash in on debt woes

    Posted Dec 21st 2011, 12:00am

    ... Sandy Li sandy.li@scmp.com Cash-strapped mainland developers are resorting to selling land as they battle to repay debts- and that is drawing a growing number of foreign real estate funds ... most of that would be used to repay debts, ratings agency Standard & Poor's responded to news of the deal by saying it would not change its B minus rating. Shanghai Zendai's share ...

  8. It's panic stations as the debt train starts to pull in

    Posted Oct 21st 2011, 12:00am

    ... Tom Holland As the signs mount that the nation's economy is slowing, two announcements yesterday show how Beijing is getting increasingly nervous about the debts piled up by different ... by fiscal transfers from Beijing, but even so the local governments were still over a trillion yuan in the red last year. As a result, local government debts have ballooned, reaching 10.7 trillion, ...

  9. Bad 'plastic' debt hits 10b yuan

    Posted Nov 26th 2011, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com Overdue credit card debt on the mainland has passed the 10 billion yuan (HK$12.2 billion) mark for the first time, prompting the central bank to warn lenders about the unbridled growth of bad debt from plastic. A report by the People's Bank of China showed that 10.6 billion yuan of credit card debt was at least six months overdue ...

  10. China could show Europe a way out of the debt trap

    Posted Sep 30th 2011, 12:00am

    ... with the recent publication of the speeches of former premier Zhu Rongji, I was reminded of the equally mysterious disappearance of billions of yuan of 'triangular debt' around 1992 when Zhu was vice-premier and responsible for this remarkable feat. The Western world has been burdened with a severe debt crisis for some time now. As I see it, the most suitable cure is a Washington Consensus ...




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