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  • November 26, 2014
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  1. Deposit scheme leaves lenders further in debt

    Posted Sep 27th 2010, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai When you're covered with lice, you don't itch; when you're up to your ears in debt, you stop worrying. Mainland banks' generous lending policies have led to a fresh take on this old Chinese proverb about lice that is now being aimed at those who continue to spend freely even when they are saddled with massive debt. Their relaxed ...

  2. Lenders told to raise provisions for soured debts

    Posted Jan 20th 2009, 12:00am by Staff Reporter

    ... Jane Cai in Beijing Move may hit earnings, share prices Mainland banks will have to raise provisions for bad debts substantially this year to cope with aggressive lending policies and a rapidly cooling economy, a move expected to crimp earnings and lower share prices. Banks should increase their non-performing loan provisions- bad-debt reserves as a percentage of problem loans- ...

  3. SAFE in danger over agency debt holdings

    Posted Jul 17th 2008, 12:00am by Tom Holland

    ... Tom Holland As investors bail out of Asian bank stocks, worried they may be sitting on debt issued by ailing United States mortgage guarantors Fannie Mae and Freddie Mac, spare a thought ... They are by far the world's largest owners of US government agency debt, holding as much as half a trillion US dollars worth of the stuff many in financial markets now regard as close to toxic waste. ...

  4. HSBC surprises with first-half profit surge despite bad debt

    Posted Jul 31st 2007, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings surprised the market with a 24.8 per cent surge in net profit for the first half of the year, despite the sharp rise in bad-debt provisions linked to its exposure ... per cent. The bank said its total bad-debt charge jumped 63 per cent to US$6.35 billion from a year ago, mainly due to its US subprime mortgage troubles. Its North American unit, which saw ...

  5. Construction Bank toughens policy on bad-debt limits

    Posted Mar 30th 2004, 12:00am by Christine Chan

    ... lending businesses could generate new stockpiles of bad debt. It coincides with the revelation that CCB's overall delinquency rate on new mortgage loans in Guangdong is 0.55 per cent. ...

  6. Insurance eases stress of managing debt

    Posted Aug 17th 2003, 12:00am by Chris Oliver

    ... kind offered by the bank in Hong Kong, although similar coverage has been available in Britain for years. 'Our research indicated customers are feeling the stress of debt management and we ...

  7. Link Reit goes to debt market for HK$8b

    Posted Aug 03rd 2006, 12:00am by Staff Reporter

    ... debt market products to cut interest costs and balance its risk profile. The property trust, which holds 180 shopping centres and car parks on public housing estates formerly managed ... note issue, The Link can tap into different currency debts with different tenures using the same documentation, a source said. While issue costs for a multiple term note are about the same ...

  8. Central bank fears on mortgage debt

    Posted Jun 02nd 2006, 12:00am by Cary Huang

    ... Cary Huang in Beijing Shanghai families pay almost half of income on home loans Homebuyers' debts in the largest mainland cities are approaching dangerous levels, according ... in the 10 cities each month was 35 per cent. But the average percentage going towards total liabilities, including housing mortgages and other debts such as car loans, each month was 38 per cent, ...

  9. Minmetals shops for US$200m to pay debt

    Posted May 31st 2006, 12:00am by Staff Reporter

    ... Tim LeeMaster Refinancing loans would lower the finance costs of the acquisitive resources flagship by up to 32pc Minmetals Resources, the Hong Kong-listed unit of China's largest metals trading group, is seeking a US$200 million loan to refinance existing debt and for general working capital, people familiar with the situation said. The three-year loan would probably ...

  10. desperate decades of a debt trap

    Posted Jun 12th 2006, 12:00am by Mark O'Neill

    ... Mark O'Neill On the 20th of each month, Zhang Ying visits her bank in Beijing and deposits 3,800 yuan, out of her monthly salary of 5,000 yuan, a payment she will have to make for the next 20 years. She is an extreme example of a 'mortgage slave ...




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