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  • July 23, 2014
  • Last updated: 9:02pm
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Results 1 - 10 of 10 for debt

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  1. Business - Comment - MONEY MATTERS

    Casino junket stocks much the same as playing slot machines

    Posted Mar 01st 2014, 12:32am by Shirley Yam

    ... they are not. The guarantee is largely on the profit, not the accounts receivable. Yet, a major issue for junkets is collecting debt from gamblers. In 2010, Sino Credit sold a profit-sharing deal with a junket because of the latter's rising unpaid debt. It lost HK$140 million in the deal. Besides, the penalty for failing a guarantee can be quite meaningless in some cases. First Natural Food ...

  2. Business - Banking & Finance - MONEY MATTERS

    Cinda's sweetener fails to hide toxins of sugar-coated poison

    Posted Nov 30th 2013, 04:27am by Shirley Yam

    ... to mask sugar-coated poison Bad-debt management is a business not easy to understand. After spending two days trying to make sense of the 3.5cm-thick prospectus of China Cinda Asset Management ... the numbers, Cinda looks promising. Its profit increased from 2.1 billion yuan (HK$2.65 billion) in 2011 to 8.4 billion yuan in 2012 and stood at 3.5 billion yuan as of end of June. Yet, bad-debt ...

  3. Business - Comment - MONEY MATTERS

    Huirong IPO prospectus should give potential investors pause for thought

    Posted Oct 19th 2013, 02:45am by Shirley Yam

    ... Shirley Yam Rollover of debt comprising 16pc of loan book, sale of defaulted loans to third parties at par and convoluted corporate structure raise questions Huirong's listing prospectus should give pause for thought Lending to small business is on the lips of every mainland banker and official nowadays. And now here comes China Huirong Financial with the first public ...

  4. Business - Comment - MONEY MATTERS

    Axed Railways Ministry is reborn, with little changed

    Posted Mar 16th 2013, 12:00am by Shirley Yam

    ... Shirley Yam shirley.yam@scmp.com The much-maligned ministry's replacement will lack checks and balances and commercial incentives, with its huge debt left untouched Axed Railways ... assets, debt and personnel of the present Ministry of Railways will be transferred to the CRC. "Regarding its debt, the CRC continues to enjoy policy support from the government. Under ...

  5. Business - Comment - MONEY MATTERS

    In the shadows, the quickness of the loan deceives the eye

    Posted Jun 08th 2013, 12:00am by Shirley Yam

    ... are guaranteed. What if the underlying asset or debts get into trouble? Mmm … that's a good question. shirley.yam@scmp.com ...

  6. Business - Comment - MONEY MATTERS

    Juice brand's sweetheart deal gives shareholders bitter laugh

    Posted Jun 01st 2013, 12:00am by Shirley Yam

    ... is raising its commitment to the debt-ridden Huiyuan by increasing his holding from 44 per cent to 66 per cent. But actually, Zhu is getting a HK$1.5 billion cash transfer from the deal. Buried ...

  7. Business - Comment - MONEY MATTERS

    Creative managers get cooking when fanciful targets served up

    Posted May 11th 2013, 12:00am by Shirley Yam

    ... million yuan and make 100 million yuan. Yes, the market price is no more than 200 million yuan. Yet, if we agree to net the payment against the debt they own us, they will oblige." How about ...

  8. Business - Comment - MONEY MATTERS

    Sluggishness and high prices not only reasons for SOE losses

    Posted Mar 30th 2013, 12:00am by Shirley Yam

    ... injections from the government - the largest ever - to repay debt. Last year, China Eastern saw its profit drop 37.7 per cent to 2.8 billion yuan (HK$3.46 billion). The management blamed ...

  9. Business - Comment - MONEY MATTERS

    Still too much murkiness around the details of the Ping An deal

    Posted Feb 09th 2013, 12:00am by Shirley Yam

    ... possibly gone ahead anyway because the China Insurance Regulatory Commission has decided that the share sale came under the law that says investment in insurers cannot be financed by debt. (How can ...

  10. Business - Comment - MONEY MATTERS

    Why has China Vanke arrived in Tsuen Wan now? I smell politics

    Posted Jan 26th 2013, 12:00am by Shirley Yam

    ... into the potentially lucrative Hong Kong market. It is true that the good old days of windfall profit have long gone, given Beijing's tight control over the housing market. Debt-ridden local governments ...



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