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  1. News - Hong Kong - COURTS

    Rafael Hui’s debt ‘rose by HK$53 million’ in two-year period, court told

    Posted Aug 21st 2014, 11:25pm

    ... Stuart Lau stuart.lau@scmp.com Prosecution details extravagant lifestyle it says was beyond the means of former chief secretary Hui's debt 'went up HK$53m' in two-year period Rafael Hui Si-yan's debt shot up from HK$4 million to HK$57 million in a two-year period after he had stepped down as chief secretary, the High Court heard yesterday. Jurors at his ...

    http://www.scmp.com/news/hong-kong/article/1578762/huis-debt-rose-hk53m-two-year-period-hears-court
  2. News - Hong Kong - COURTS

    Estate of chef in soccer bets suicide hit with bank demand over HK$2.7m debt

    Posted Jul 27th 2014, 05:26am by CHRIS LAU

    ... Chris Lau chris.lau@scmp.com Bank demands repayment of dead chef's debt The estate of television chef Lau Ka-lun, who recently committed suicide after reportedly losing a fortune on soccer bets, has received a bank demand to repay a debt of more than HK$2.7 million, according to a court writ. Nanyang Commercial Bank is seeking HK$2,753,088- which includes the outstanding ...

    http://www.scmp.com/news/hong-kong/article/1560111/estate-chef-soccer-bets-suicide-hit-bank-demand-over-hk27m-debt
  3. News - China - CRIME

    Man who set Guangzhou bus ablaze was angry over debts, police say

    Posted Jul 17th 2014, 04:43am by Mimi Lau

    ... Mimi Lau in Guangzhou mimi.lau@scmp.com Guangzhou police say suspect, 25, confessed to setting vehicle on fire; witnesses who helped rescue victims recall horrific scenes Man who set bus ablaze 'angry' over gambling debts Frustration over gambling debts drove a 25-year-old man to set fire to a bus in Guangzhou, killing two and injuring 32 others, during rush hour ...

    http://www.scmp.com/news/china/article/1555456/man-who-set-guangzhou-bus-ablaze-was-angry-over-debts-police-say
  4. News - China - BANKING AND FINANCE

    Qilu Bank's lawsuit against government finance body exposes rift in China's debt market

    Posted Jul 02nd 2014, 12:58pm by Reuters

    ... vehicle over a bad loan in a rare public display of a deepening rift between lenders and borrowers in China's murky US$3 trillion local debt market. Qilu Bank, based in the city of Jinan in the coastal province of Shandong, announced in its last year annual report, published online in Chinese and English, that it was suing a local government financing vehicle (LGFV) over unpaid debt ...

    http://www.scmp.com/news/china/article/1544850/qilu-banks-lawsuit-against-government-finance-body-exposes-rift-chinas
  5. News - China - GOVERNMENT

    China changes Budget Law to relax rules on local government bond sales

    Posted Sep 01st 2014, 05:14am by Jeanny Yu, BLOOM

    ... local governments to sell bonds directly to raise funds for public projects. Under State Councilapproved quotas, provincial-level authorities will be able to sell debt to invest in such projects ... a legal framework to oversee local government debt and "solved the problem of borrowing money" for local administrations. He said local governments had made some "new borrowings ...

    http://www.scmp.com/news/china/article/1582512/china-changes-budget-law-relax-rules-local-government-bond-sales
  6. News - China - ECONOMY

    Local government debt show signs of improving

    Posted Jun 24th 2014, 07:48pm by Keith Zhai

    ... Keith Zhai keith.zhai@scmp.com But extravagance and corruption persist at some departments and state firms, audit chief says Local government debt show signs of improving China's growth in local government debt has been slowing since the middle of last year, the National Audit Office said, but cautioned that some provinces were deferring the problem by repaying old debts ...

    http://www.scmp.com/news/china/article/1539727/chinas-audit-central-government-budget-uncovers-array-problems
  7. News - World - UKRAINE

    US slaps new sanctions on Russian companies over Ukraine

    Posted Sep 12th 2014, 10:19pm by AGENCIES

    ... transactions in, provision of financing for, or other dealings in new debt of greater than 90 days maturity issued by OAO Gazprom Neft and OAO Transneft. For banks, the debt financing restriction now ...

    http://www.scmp.com/news/world/article/1591215/us-slaps-new-sanctions-russian-companies-over-ukraine
  8. News - China - CRIME

    Businessman caught in Colombia is China's first economic fugitive extradited from Latin America

    Posted Sep 03rd 2014, 04:32pm by Jing Li jing.li@scmp.com

    ... Jing Li jing.li@scmp.com Suspect, 35, from Zhejiiang province, allegedly fled China leaving debts totalling more than four million yuan (about HK$5 million), China News Service reports. A businessman from Zhejiang province, who was arrested in Colombia over allegations he fled the mainland after leaving debts totalling millions of yuan, was repatriated to China yesterday. The case ...

    http://www.scmp.com/news/china/article/1584393/businessman-caught-colombia-chinas-first-economic-fugitive-extradited
  9. News - China Digest

    The Post's daily China news round-up- September 11, 2014

    Posted Sep 11th 2014, 08:07am

    ... of Islamic debt |Source: Wall Street Journal Shenzhen's Qianhai Zone joins overseas e-commerce pilot |Source: Caixin China faces Japan-style debt woes |Source: Financial Times Society Sex ...

    http://www.scmp.com/news/china-digest/digest/1589948/posts-daily-china-news-round-september-11-2014
  10. News - World

    JPMorgan Chase sells US government debt exposed to debt ceiling out of money market funds

    Posted Oct 11th 2013, 06:09am by AP

    ... NEW YORK (AP) — JPMorgan Chase sells US government debt exposed to debt ceiling out of money market funds. ...

    http://www.scmp.com/news/world/article/1329165/jpmorgan-chase-sells-us-government-debt-exposed-debt-ceiling-out-money

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