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  • July 29, 2014
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  1. 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
  2. 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
  3. 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
  4. 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
  5. News - World - GREECE

    Greece to open debt-relief talks with euro zone creditors

    Posted May 05th 2014, 09:01pm by GDN

    ... The Guardian in Athens Options include extending repayments to as much as 50 years, from 30 Athens to open debt-relief talks with creditors In a step likely to be hailed as further proof of Europe's receding economic crisis, Greece is poised to formally open debt-relief talks with its creditors. Finance Minister, Yannis Stournaras, was due yesterday to raise the once off-limits topic ...

    http://www.scmp.com/news/world/article/1505179/greece-open-debt-relief-talks-euro-zone-creditors
  6. News - Hong Kong

    Jailed Birmingham City FC owner given two weeks to prepare for HK$2.3m unpaid debt suit

    Posted May 05th 2014, 02:32pm

    ... Julie Chu julie.chu@scmp.com Moneylender claims Carson Yeung only repaid interest on loan Jailed Birmingham City Football Club owner Carson Yeung Ka-sing was today given two weeks to prepare evidence against a civil action claim by a moneylender for HK$2.3 million in unpaid debt. Yeung’s lawyer told the Court of First Instance this morning that they needed more time to take ...

    http://www.scmp.com/news/hong-kong/article/1504949/jailed-birmingham-city-fc-owner-given-two-weeks-prepare-hk23m-unpaid
  7. News - Hong Kong

    Man ‘critical’ in hospital after being stabbed in debt dispute

    Posted Apr 29th 2014, 01:46pm

    ... Clifford Lo clifford.lo@scmp.com Victim found unconscious by passer-by in Tsuen Wan A 58-year-old man is in critical condition in hospital today after being stabbed in Tsuen Wan last night following an apparent dispute over a debt. The victim was taken to Yan Chai Hospital after he was found by a passer-by lying unconscious on the pavement outside East Asia Gardens in Tsuen Fu Street ...

    http://www.scmp.com/news/hong-kong/article/1499874/man-critical-hospital-after-being-stabbed-debt-dispute
  8. News - Hong Kong - COURTS

    Payson Cha and brother apply for court order to wind up ATV over debt

    Posted Apr 23rd 2014, 03:44am by Eddie Lee

    ... Eddie Lee eddie.lee@scmp.com Ex-ATV directors apply for winding-up order Two former ATV directors yesterday filed an application with the High Court to wind up the television network. Hong Kong brothers Payson Cha Mou-sing and Johnson Cha Mou-daid took th ...

    http://www.scmp.com/news/hong-kong/article/1494760/payson-cha-and-brother-apply-court-order-wind-atv-over-debt
  9. 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
  10. News - China - RAILWAYS

    All aboard the 'condom express'? Chinese railways start selling train-naming rights to sponsors

    Posted Jul 17th 2014, 04:06pm by AFP

    ... the station. Durex wishes you a pleasant journey.” The debt-strapped CRC was spun off from the former ministry of railways in March last year, taking over the entire assets and debts of the dissolved ... that the new national railway operator was bogged down in debt of 2.9 trillion yuan in June last year, while its total assets were valued at 4.66 trillion yuan, the Post reported earlier this year. ...

    http://www.scmp.com/news/china/article/1555589/all-aboard-condom-express-chinese-railways-start-selling-train-naming

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