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  • August 21, 2014
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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 urged to strengthen role as financial centre

    Posted Jun 07th 2006, 12:00am by Staff Reporter

    ... Chow Chung-yan Hong Kong must rise to the challenges brought by globalisation and the rise of the mainland's economy, Chief Executive Donald Tsang Yam-kuen said yesterday. The city needed to strengthen its role as a global financial centre and help the mainland currency's progress towards free convertibility, Mr Tsang said. He was speaking in the Yunnan provincial ...

  4. Young upstart emirate forms unique niche as finance centre

    Posted Sep 23rd 2007, 12:00am by John Church

    ... in the young emirate, an expert with the centre says. Director of Asset Management at Dubai International Financial Centre (DIFC), Kevin Birkett, also said that two-way trade with China was spiking as Dubai sought out its financial partners to form its own unique niche, bridging the time gap between the financial centres of Hong Kong and London and servicing a region with the largest untapped ...

  5. Business - Banking & Finance - RANKINGS

    Hong Kong again takes world top spot in financial rankings

    Posted Nov 01st 2012, 12:00am by Lulu Chen

    ... topfinancial centre Hong Kong has been named the world's top financial centre for the second year running by the World Economic Forum. The independent organisation gave the city top spot again ... said then that Hong Kong's explosive listing volume, low tax rates and status as the top offshore yuan trading centre had boosted its ranking. The city's status as a financial hub ...

  6. Dispute centre set for launch

    Posted Jun 15th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com The government-funded Financial Dispute Resolution Centre will start operation from Tuesday, using mediation and arbitration for customers seeking claims of up ... by the government, the Securities and Futures Commission and the Hong Kong Monetary Authority for its first three years and by financial institutions thereafter. Barrister Sou Chiam is the centre ...

  7. BOC yuan trade centre boosts Shanghai hub hopes

    Posted Mar 21st 2012, 12:00am

    ... a global financial centre. BOC, one of the mainland's Big Four banks, would use the unit, which it describes as its second headquarters, to boost trading in bond, gold and money market ... unveiled its ambitions to become a global financial centre by 2020 while aiming to create an onshore market for yuan trading by 2015. City officials have been trying to convince the Big Four ...

  8. New Resolution centre on target for take-off

    Posted Jan 12th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Hong Kong's planned financial dispute resolution centre, which will allow clients to use mediation to seek claims of up to HK$500,000 against their banks ... assessment and have experience handling commercial disputes will be allowed to work for the centre. Mediators will be chosen by the customer and the financial firm involved in the dispute. ...

  9. Developers face test of financial firepower

    Posted Jun 20th 2012, 12:00am

    ... Paggie Leung paggie.leung@scmp.com Two large residential sites available for tender within two weeks of each other will divide developers' financial firepower. The sites are above Tai ... but there isn't a big shopping mall in the town centre, except the very crowded New Town Plaza in Sha Tin.' Under the tender contract, the MTR Corp will retain a 50 per cent share of the commercial ...

  10. 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 ...




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