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  • October 2, 2014
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  1. Business - Banking & Finance - REGULATION

    Financial Reporting Council backs government plan to widen its oversight

    Posted Sep 19th 2014, 05:34am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com FRC supports proposal to widen its oversight The government-appointed Financial Reporting Council yesterday showed its support for a government proposal to expand its power over accountants in a bid to match international standards and to address accounting scandals which have flared up in the past few years. But industry body the Hong Kong ...

    http://www.scmp.com/business/banking-finance/article/1595548/financial-reporting-council-backs-government-plan-widen-its
  2. News - World - ENVIRONMENT

    Time for climate to take centre stage, activists say ahead of UN summit

    Posted Sep 21st 2014, 06:18am by AFP

    ... Agence France-Presse in Paris Campaigners see fresh momentum for the environment movement ahead of UN summit, but are not waiting for governments to lead Chance for climate to take centre ... summit, in New York on Tuesday, to haul their cause back to centre stage. The goal is a fresh attempt at the global pact. Based on the two degrees Celsius goal, negotiations would conclude ...

    http://www.scmp.com/news/world/article/1596888/time-climate-take-centre-stage-activists-say-ahead-un-summit
  3. News - China - China Economy

    China leads region in financial well-being- but wealth divide remains: survey

    Posted Sep 16th 2014, 05:54pm by James Griffiths

    ... James Griffiths james.griffiths@scmp.com Rural Chinese are almost twice as likely to be suffering financially than their urban counterparts, according to the first ever Gallup-Healthways Global Well-Being Index released this week, offering a glimpse into China’s wealth gap. The index measures five elements of well-being – purpose, social, financial, community, and physical ...

    http://www.scmp.com/news/china/article/1593854/china-leads-region-financial-well-being-wealth-divide-remains-survey
  4. Business - Money - TECHNOLOGY

    Online financial advisers gain investor favour

    Posted Sep 16th 2014, 03:23am by WASHPOST

    ... Washington Post While software applications can offer automated guidance by tracking user behaviour, it is questionable they can fully replace human advisers E-financial advisers gain ... investment management services such as ING and Allied Bank, where he would have sought counsel from professional financial advisers. But many of his friends were using software applications- often ...

    http://www.scmp.com/business/money/markets-investing/article/1593307/online-financial-advisers-gain-investor-favour
  5. Business - Companies - TECHNOLOGY

    Hong Kong data centre investments pick up after Google's abandoned project

    Posted Jun 26th 2014, 01:07am by BIEN PEREZ

    ... as a regional hub for multinational companies, demand from enterprises and financial services firms for interconnected data-centre services continues to rise," Alex Tam Wing-yiu, the managing ... billion data centre build-out in key financial centres. HGC GlobalCentre, a joint venture between Li Ka-shing's Hutchison Telecommunications Hong Kong and Cheung Kong (Holdings), also opened ...

    http://www.scmp.com/business/companies/article/1540549/hong-kong-data-centre-investments-pick-after-googles-abandoned
  6. Business - Money - ASSET ALLOCATION

    For world’s wealthy, years after financial crisis cash is still king

    Posted Jun 18th 2014, 03:21pm by Reuters

    ... Reuters in Geneva The world’s richest people are clinging to stockpiles of zero-yielding cash despite a surge in financial markets and increasingly sophisticated attempts by private banks to entice them into investing. Private banks have had to repair trust following the financial crisis of 2008-09, which sent their wealthy clients scurrying for cover and taking on ever larger ...

    http://www.scmp.com/business/money/wealth/article/1535573/worlds-wealthy-years-after-financial-crisis-cash-still-king
  7. 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 ...

    http://www.scmp.com/article/987754/hong-kong-no1-financial-centre
  8. News - World - SOCIETY

    Financial meltdown in 2007 blamed for 13,000 suicides in North America and Europe

    Posted Jun 12th 2014, 09:19pm by MCT

    ... McClatchy-Tribune in Los Angeles Great Recession that started in 2007 is blamed for 13,000 suicides in North America and Europe Suicide toll of financial meltdown The Great Recession ... on Wednesday in the British Journal of Psychiatry, reveals that in the US, the suicide rate was rising even before the subprime loan crisis sent global financial markets into a tailspin. But data from ...

    http://www.scmp.com/news/world/article/1530990/financial-meltdown-2007-blamed-13000-suicides-north-america-and-europe
  9. Macfarlanes attributes top-tier ranking to client-centred culture

    Posted Jun 16th 2014, 12:37pm by Reports by Mia Daughenbaugh and David Bell

    ... with particular expertise in English common law is increasing. Backed by almost 140 years of excellence and a distinct client-centred culture, independent British law firm Macfarlanes is thriving ... that Macfarlanes provides is simply not possible with larger law firms." Listed as one of the top 20 most innovative law firms in Europe by the Financial Times, Macfarlanes has earned the trust ...

    http://www.scmp.com/article/1533891/macfarlanes-attributes-top-tier-ranking-client-centred-culture
  10. 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 ...

    http://www.scmp.com/article/967308/legislators-label-plan-financial-dispute-centre-too-costly

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