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  • July 14, 2014
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  1. News - Hong Kong - POLITICS

    Slow progress to clear HK$6.8b funding requests to Legco Finance Committee

    Posted Jul 11th 2014, 04:56pm by Tony Cheung

    ... Tony Cheung tony.cheung@scmp.com Blood, sweat and … a HK$6.8b backlog An allowance for low-income families, a pay rise for civil servants and an innovation and technology bureau are among a dozen measures set to face a three-month delay after the Legislative Council's Finance Committee yesterday finished scrutinising only the first few items in a HK$6.8 billion backlog. When ...

    http://www.scmp.com/news/hong-kong/article/1551993/gridlock-pan-dems-block-disputed-projects-government-blocks-fast
  2. News - Hong Kong - POLITICS

    Finance Committee unlikely to clear funding backlog amid political stalemate

    Posted Jul 11th 2014, 03:55am by JEFFIE LAM

    ... in stalemate over agenda The backlog in the legislature's Finance Committee seems unlikely to be cleared before the end of the current session after pan-democrats and the government stuck ... of the Association for Democracy and People's Livelihood, said the government had no excuse not to change its schedule. "The pan-democrats and even some pro-Beijing lawmakers, including Finance ...

    http://www.scmp.com/news/hong-kong/article/1551409/funding-locked-stalemate-over-agenda
  3. News - Hong Kong - POLITICS

    Under-fire finance committee chief Ng Leung-sing blames treasury over funding backlog

    Posted Jul 09th 2014, 12:46pm by Tony Cheung

    ... Tony Cheung tony.cheung@scmp.com Ng Leung-sing brushes off notions of stepping down after surviving a no-confidence vote Finance Committee chief staying put Beleaguered Legislative Council Finance Committee chairman Ng Leung-sing dismissed suggestions that he should step down after he survived a no-confidence motion yesterday. But he vowed to meet pan-democrats on how to resolve ...

    http://www.scmp.com/news/hong-kong/article/1550251/under-fire-finance-committee-chief-ng-leung-sing-blames-treasury-over
  4. News - Hong Kong - POLITICS

    Lawmakers expelled after waving red cards at Finance Committee chairman

    Posted Jul 05th 2014, 03:14am by SHIRLEY ZHAO

    ... Shirley Zhao shirley.zhao@scmp.com Angry lawmakers demand Finance Committee chairman steps down Chaos as red-card pan-democrats expelled Five pan-democratic lawmakers were thrown out of a Legislative Council Finance Committee meeting yesterday as discussion over the government's funding requests continued amid chaos. The lawmakers were expelled after they surrounded ...

    http://www.scmp.com/news/hong-kong/article/1546959/lawmakers-expelled-after-waving-red-cards-finance-committee-chairman
  5. News - Hong Kong - POLITICS

    One lawmaker, 14,000 motions and a new headache for the finance committee

    Posted Jul 04th 2014, 04:03am by CHEUNG CHI-FAI

    ... of the conflict-rocked Legislative Council Finance Committee. The move by Wong Yuk-man comes amid a row between members and committee chairman Ng Leung-sing over the way he pushed through a vote on preliminary financing for a controversial New Territories new-town development last week. Wong said the motions were aimed at funding requests to be discussed by the committee at a six-hour, three-session ...

    http://www.scmp.com/news/hong-kong/article/1546010/one-lawmaker-14000-motions-and-new-headache-finance-committee
  6. Business - Commodities

    Commodity financing probe extends to petrochemical imports

    Posted Jul 04th 2014, 01:41am by Reuters

    ... Reuters in Beijing Investigation at Tianjin port highlights extentof the use of industrial materials in financing Petrochemical imports fallunder spotlight Mainland petrochemical imports have become the latest commodity financing tool to come under investigation for possible fraud, highlighting the risks from the widespread use of raw materials as collateral to raise loans ...

    http://www.scmp.com/business/commodities/article/1546122/commodity-financing-probe-extends-petrochemical-imports
  7. 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

    ... Reuters in Shanghai Case is odd also because the government lending vehicle is a stakeholder in the bank, according to observers A Chinese bank is suing a local government financing ... 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
  8. News - Asia - FINANCE

    Japan told to do more to combat money laundering and terrorist financing

    Posted Jun 29th 2014, 05:51am by AGENCIES

    ... Agencies in Paris Watchdog says anti-money-laundering rules are inadequate, and there is an 'incomplete criminalisation of terrorist financing' Japan told to step up action on dirty cash Japan has failed to address deficiencies in its measures to halt money laundering and terrorist financing, and should step up its efforts to do so, an international watchdog said. ...

    http://www.scmp.com/news/asia/article/1542568/japan-told-do-more-combat-money-laundering-and-terrorist-financing
  9. Comment - Letters

    Housing Authority needs to review its financing model

    Posted Jun 29th 2014, 05:27am by LETTERS

    ... Housing Authority needs to review its financing model Addressing housing problems is a primary concern of our government. The Housing Authority is tasked with providing public housing ... impossible for the authority to become self-financing. Given the rapid increase in costs for labour and materials, maintenance of existing public housing estates and new development projects have put ...

    http://www.scmp.com/comment/letters/article/1542593/housing-authority-needs-review-its-financing-model
  10. Business - China Business - INTERNET

    Launch of new products to grow mainland China online finance market

    Posted Jun 25th 2014, 02:37am by BIEN PEREZ

    ... online finance market The mainland's largest internet companies are likely to sharpen their collaboration with financial services providers amid greater competition and regulatory risks in the online fund management business, according to analysts. "We expect new internet finance products to be launched in the second half of this year because the mainland still has the highest ...

    http://www.scmp.com/business/china-business/article/1539914/launch-new-products-grow-mainland-china-online-finance

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