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  1. Shares of mainland life insurers dive on plan to lift rate limits

    Posted Jul 13th 2010, 12:00am by Sophie Yu

    ... Sophie Yu Shares of Chinese life insurers tumbled yesterday after the regulator proposed lifting a cap on interest rates for some life insurance contracts, scrapping a decade-old ceiling ... banking unit. The China Insurance Regulatory Commission (CIRC) said last week it planned to allow insurers to decide their preset interest rates, which are used to estimate future investment ...

    http://www.scmp.com/article/719603/shares-mainland-life-insurers-dive-plan-lift-rate-limits
  2. Less than zero: how deposit rates could turn negative

    Posted Dec 16th 2008, 12:00am by Tom Holland

    ... short-term interest rate to zero in an attempt to bolster the flagging US economy. Because of our currency peg to the US dollar, that could create some unusual side-effects in Hong Kong. In theory at least, Hong Kong's interest rates could even drop below zero. In practical terms, that means the city's banks would begin charging us for depositing our money. Happily, the probability ...

    http://www.scmp.com/article/663960/less-zero-how-deposit-rates-could-turn-negative
  3. SFC suspends Hontex shares

    Posted Mar 31st 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu The Securities and Futures Commission yesterday ordered the suspension of trading of sportswear fabric maker Hontex International Holdings, just three months after the company listed in Hong Kong. It earned the mainland company the unenviable re ...

    http://www.scmp.com/article/710218/sfc-suspends-hontex-shares
  4. 670,000 small firms shut; jobless rate doubled

    Posted Jan 06th 2009, 12:00am by Fiona Tam

    ... Fiona Tam Grim economic conditions forced more than 670,000 of the mainland's small firms out of business, and real unemployment was more than double the official rate last year, ... million. He warned that the real jobless rate was worse than the official data because only registered individuals were included in the tally. The weekly also quoted Chinese Academy of Social ...

    http://www.scmp.com/article/665947/670000-small-firms-shut-jobless-rate-doubled
  5. Capital injection likely to boost credit rating of Agricultural Bank

    Posted Oct 25th 2008, 12:00am by Staff Reporter

    ... Jane Cai Agricultural Bank of China, the mainland's third-largest lender, may earn a higher credit rating from Moody's Investors Service after receiving a US$19 billion capital injection from the government. Moody's yesterday affirmed all ratings of the lender and changed the outlook on its 'bank financial strength rating' to positive from stable. The bank ...

    http://www.scmp.com/article/657601/capital-injection-likely-boost-credit-rating-agricultural-bank
  6. Debt-saga hotel to reopen with new look and bargain rates

    Posted Aug 19th 2008, 12:00am by Joyce Man

    ... Joyce Man The Tatami Hampton Hotel plans to reopen within 10 days, offering cheaper rates to improve an image that management says was tarnished by a debt saga. 'We need to... work ... off room rates, and offer extra nights and upgrades for one month after it reopens later this month, Ms Ling said. Rooms are usually HK$300 to HK$400 a night during summer promotions ...

    http://www.scmp.com/article/649594/debt-saga-hotel-reopen-new-look-and-bargain-rates
  7. Techtronic boosts profit 9pc on restructuring

    Posted Aug 23rd 2008, 12:00am by Staff Reporter

    ... Jeff Pao Techtronic Industries, the maker of AEG and Ryobi power tools, said its first-half gross profit rose 9 per cent as savings from its business restructuring offset inflationary pressures and rising production costs on the mainland. Gross profit inc ...

    http://www.scmp.com/article/650050/techtronic-boosts-profit-9pc-restructuring
  8. Premier vows to keep stable yuan exchange rate

    Posted Feb 11th 2004, 12:00am by Wang Xiangwei

    ... Wang Xiangwei Wen Jiabao says he will also place controls on sectors that are growing too fast Premier Wen Jiabao has pledged to maintain a 'basically stable' yuan exchange rate ... to place controls on bank lending to sectors that are growing too fast. The mainland would gradually perfect the yuan exchange rate formation mechanism and maintain the basic stability ...

    http://www.scmp.com/article/444116/premier-vows-keep-stable-yuan-exchange-rate
  9. Decline in bankruptcy rate points to recovery

    Posted Aug 16th 2003, 12:00am by Kelvin Chan

    ... that the economy was bottoming out but said more positive signs were needed to be certain. 'The signs for recovery would include a drop in the unemployment rate and then an increase in consumer ...

    http://www.scmp.com/article/424934/decline-bankruptcy-rate-points-recovery
  10. DBS may offer tiered rates on credit cards

    Posted Aug 14th 2003, 12:00am by Raymond Ma

    ... The lender is investigating options to reward good customers DBS Bank (Hong Kong) expects to offer tiered interest rates for its credit-card customers by the end of the year, according to a senior bank official. Managing director and head of cards and personal finance Ted Ling said DBS was considering a number of options to reward customers with good repayment history, in light ...

    http://www.scmp.com/article/424673/dbs-may-offer-tiered-rates-credit-cards

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