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  1. Challenges ahead on deposits and debt rebounds

    Posted Feb 20th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Mainland and Hong Kong banks face two similar challenges this year- potential bad debt rebound and difficulty in attracting deposits, analysts said. Mainland ... government debt defaults, said Sheng Nan, a senior analyst at CCB International. 'This year, banks will show great diversion,' Sheng said. 'Starting from the first quarter, we ...

  2. Banks watchdog may put off reckoning on local debt

    Posted Jan 13th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com The mainland's banking watchdog is likely to let lenders postpone a mandatory recognition of losses from local government debt, undermining ... credit analyst. 'Investors at home and abroad will eventually demand higher risk premiums on banks' debt.' For the past two years, the China Banking Regulatory Commission (CBRC) ...

  3. Weaker firms may lose access to debt markets

    Posted Jul 19th 2011, 12:00am

    ... Naomi Rovnick naomi.rovnick@scmp.com Hong Kong-listed GCL-Poly Energy Holdings is one of a handful of Chinese companies that may lose access to debt capital markets because of weak ... debt it rates. GCL-Poly Energy, a supplier to the solar industry, was one of five firms exhibiting four or more 'weaknesses'. The others were LDK Solar and medical equipment supplier ...

  4. New capital rules may not spare mainland banks debt crisis

    Posted May 10th 2011, 12:00am

    ... with Tom Holland Last week the China Banking Regulatory Commission published new capital and liquidity standards for mainland banks. By the end of 2013 China's big banks will be required to hold capital equal to 11.5 per cent of their assets. Their c ...

  5. Tighter watch on loans amid public debt fears

    Posted Jun 14th 2010, 12:00am by Staff Reporter

    ... Jane Cai in Beijing Beijing yesterday urged officials and banks to clean up the financing of investment units backed by local governments, in a bid to rectify irregularities as debts swelled. In a circular to local governments and ministries, the State Council asked officials to categorise debts issued by local financing vehicles, banning certain public assets from being ...

  6. The threat posed to Beijing by bad debts

    Posted Mar 11th 2010, 12:00am by Staff Reporter

    ... debts sloshing within the mainland financial system, and they are not properly recorded on the national balance sheet. Most of them are legacy debts accumulated during the Jiang era, and large ... defaulters. Their debts and sometimes all their assets are taken over by other state-owned companies and local governments in order to keep operations running and jobs afloat- all for the sake ...

  7. Write-downs, bad debts hurt Dah Sing results

    Posted Mar 26th 2009, 12:00am by Staff Reporter

    ... Maria Chan Dah Sing Banking Group, a medium-sized Hong Kong lender, reported a net loss of HK$328.05 million in the second half of last year due to a surge in bad-debt provisions ... plunged 89.9 per cent to HK$106.19 million last year after a loss of HK$271.73 million in the second half. No final dividends were declared by either company. The bank's bad-debt provisions ...

  8. 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- ...

  9. Ex-bank worker gave data to debt collectors

    Posted Mar 10th 2007, 12:00am by Staff Reporter

    ... for the use of a debt-collection agency. Meanwhile, a debt collection agency manager denied one count of conspiring and one count of incitement to obtain access to a computer. Former bank employee Au ... receiving HK$10 to HK$20 for each set of customer data they obtained. Debt-collection company marketing director Hung Tsz-yin, 41, admitted four counts of conspiring with others and incitement ...

  10. Agent took retiree's US$500,000 to pay family debts, court told

    Posted Aug 22nd 2006, 12:00am by Staff Reporter

    ... Yvonne Tsui A securities agent used US$500,000 taken from the bank account of a retired physician to settle her and her family's debts, a court heard yesterday. The loss from ... was transferred to her own bank account upon the consent of Mr Lo. Mr Leung alleged that Yam had used the money to settle her credit card debts, housing expenses, mobile phone fees, and to buy goods ...




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