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  1. Hong Kong is No1 financial centre

    Posted Dec 14th 2011, 12:00am

    ... to follow. 'This is the first time ever for an Asian financial centre to be given the top spot,' said Financial Secretary John Tsang Chun-wah. Tsang said he was pleased that the WEF had ... as a financial centre always fell behind New York, London or Tokyo,' said Raymond Yeung, an economist at ANZ. 'The change could be partly attributed to Hong Kong's geographic advantage ...

  2. Legislators label plan for financial dispute centre too costly

    Posted May 10th 2011, 12:00am

    ... Enoch Yiu A proposed financial dispute resolution centre will have just 20 core staff and outsource mediation for major claims after legislators labelled the plan too expensive yesterday. The undersecretary for financial services and the treasury, Julia Leung Fung-yee, said the government planned to set up the centre around the middle of next year with only a small team of in-house mediators ...

  3. HK as a world financial centre? Sorry, professor, it's just one more of those tall stories

    Posted Feb 13th 2011, 12:00am by Jake Van Der Kamp

    ... again- dream, dream, dream. This time Prof Chan dreams of making Hong Kong as big a financial centre as London or New York within five years by pitching listings to poor Chinese provinces. He has ... is no international financial centre. It is hardly even a regional one. It is only a country one. We specialise in China business. When the chance came along to widen the geographical scope of this business ...

  4. Better to seek advice early if you run into financial trouble, experts say

    Posted Aug 01st 2011, 12:00am

    ... are in trouble so they can get help. 'Don't wait until the loan sharks are knocking on your door,' advises Pinky Yung, a social worker handling debt and financial services at Caritas Family Crisis Support Centre. If left too long, people tend to borrow more money to cover the old debt, digging themselves into a deeper hole. 'On top of credit card interest rates of 30 per ...

  5. Data centre to bring HK up to speed

    Posted Sep 15th 2011, 12:00am

    ... as an international financial centre with the development of its HK$3 billion data centre complex in Tseung Kwan O. 'Once completed, our dedicated financial data centre will be the largest and most advanced of its kind in Hong Kong and will match the infrastructure found in top-tier financial centres in the United States and Europe,' NTT Com Asia chief strategy officer Brandon Lee ...

  6. Safeguarding the city's financial reputation

    Posted Feb 26th 2011, 12:00am by Staff Reporter

    ... This means more to Hong Kong than just pulling its weight as a member of the Financial Action Task Force. As a financial centre the city cannot afford the damage to its brand of having its name crop ... But Hong Kong's reputation as a financial centre is more important. In a global economy, international standards of transparency must prevail. ...

  7. Financial plan on target

    Posted Jun 07th 2011, 12:00am

    ... Keith Chan Tianjn is set to evolve from the largest financial centre in northern China to one of the largest in the world, with an investment of 200 billion yuan (HK$240 billion) to build the world's largest financial district at Yujiapu in Binhai New Area. Tianjin's ambition to become an international financial centre has been fuelled by its economic success in recent years, ...

  8. HK pitching to expand financial bridging role

    Posted Feb 07th 2011, 12:00am by Enoch Yiu

    ... and that of the other two global leading major financial centres- London and New York- could be closed within five years,' Chan told the South China Morning Post. He is among a group of senior Hong Kong ... But Chan said that while Hong Kong continued this role as a fund-raising centre, it could also assist in Beijing's plans for global expansion. 'After the global financial crisis in 2008 ...

  9. London weathers UK's financial storm

    Posted Nov 23rd 2011, 12:00am

    ... Domestic demand for London homes will be hit by job losses in the financial services sector. According to the Centre for Economics and Business Research, London will have lost 27,000 financial ... this contraction in the financial services sector, which usually employed one in 12 people in the capital, would result in prices falling between 2 and 3 per cent in London next year. 'London ...

  10. Legislators say dispute centre plan 'toothless'

    Posted Jan 04th 2011, 12:00am by Enoch Yiu

    ... Enoch Yiu Legislators say the government's proposed financial dispute resolution centre has not gone far enough to protect investors. After a briefing by a government official at the regular monthly financial affairs panel meeting yesterday, lawmakers raised a range of concerns over the proposed centre, warning it has no investigative or punishment power over banks or brokers. ...




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