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  1. Is Tsang the best financial secretary HK can find?

    Posted Jun 29th 2012, 12:00am

    ... Tom Holland Incoming chief executive C.Y. Leung announced his new government line-up yesterday, and John Tsang Chun-wah is to stay on as financial secretary. 'In the coming few years, ... markets had plunged 50 per cent. Then in rapid succession we had the dotcom boom and bust, Sars, and the financial crisis. Still Hong Kong prospered. So there is nothing either unprecedented ...

  2. New year brings changing of the financial guard

    Posted Jan 03rd 2012, 12:00am

    ... in the first consultation way back in 2001. He was also proud to have led the exchange through a turbulent time caused by the global financial crisis. It is now time for him to call it a day as his ... and a new financial secretary. The market tips the most likely candidates to take the top financial post as Hong Kong Monetary Authority chief executive Norman Chan Tak-lam or his predecessor Joseph ...

  3. Public Financial net profit rises 34pc

    Posted Jan 10th 2008, 12:00am by Staff Reporter

    ... Maria Chan Public Financial Holdings, a mid-sized lender controlled by Public Bank of Malaysia, said net profit last year rose 33.97 per cent, partly helped by a one-off gain of HK$108.5 ... the lender had about US$10 million invested in the investment vehicle. Mr Tan said the financial vehicle did not have exposure to subprime mortgages, adding that he expected it would not cause ...

  4. Banking woes limit gains for financial counters

    Posted Mar 12th 2009, 12:00am by Staff Reporter

    ... Maria Chan Financial stocks rose yesterday after a strong rally in the United States and European markets, but most of them closed off their highs as investors remained bearish ... to the year. 'The financial stock rally [in Hong Kong] was just a rebound, not a turnaround,' he said. Hang Seng Bank rose as much as 7.9 per cent before closing at HK$72.10, up 5.49 per ...

  5. Financial secretary sees no need to use reserves

    Posted Oct 14th 2008, 12:00am by Staff Reporter

    ... Ng Kang-chung and Phyllis Tsang Hong Kong sees no need to use its foreign reserves to rescue banks, the financial chief has said. But he also warned that the city could fall into a recession next year. Financial Secretary John Tsang Chun-wah yesterday said Hong Kong's financial system remained sound and the government was satisfied there was no need to inject cash ...

  6. Citic Group sweetens bid to buy out financial unit

    Posted Aug 28th 2008, 12:00am by Staff Reporter

    ... Financial Holdings. Citic Group said it would raise the cash offer of HK$2.16 a share for each CIFH share by 70 HK cents. The offer of one share in Hong Kong-listed China Citic Bank Corp, its ... of 75 per cent of its shares and cannot garner more than 10 per cent of veto votes. The financial firm could not be reached for comment yesterday. Shares in CIFH, which runs Citic Ka Wah Bank ...

  7. Easier fund rules stoke rally in China financials

    Posted Feb 23rd 2006, 12:00am by Staff Reporter

    ... to record highs. However, the news had yet to feed through to blue chips which took no benefit from the Financial Secretary's unsurprising budget speech, making for a lacklustre benchmark index ... sectors, like mainland property, may be more fully valued than others.' China financials all marked new records and have gained more than 30 per cent so far this year. China Life soared 5.61 ...

  8. Why a boardroom 'golden triangle' should raise red flag

    Posted Jul 09th 2011, 12:00am

    ... experienced unusually rapid success; a young Hong Kong-based financial controller; or independent directors who are young accountants, professors at regional universities or local businessmen. Many ... of a veteran accountant, in his forties, who has Big Four training and has worked as a financial controller for various listed companies. It was 2006. A headhunter called him up to meet the founder ...

  9. Christmas 2011, not the rosiest date to put in your diary

    Posted Dec 27th 2011, 12:00am

    ... of two new indices- the 'hamper index' and the 'diary index'. Brokerages and financial firms tell us that the number of Christmas hampers they received fell 30 per cent this year. Diaries are also affected. Normally around December a blizzard of diaries and calendars in all shapes and sizes are sent to financial firms' clients and business partners- ...

  10. Uneasy money

    Posted Jan 10th 2012, 12:00am

    ... In his cult crime movie Pulp Fiction, a briefcase takes centre stage, with Jules, Samuel L. Jackson's character, and Vincent, played by John Travolta, going to extraordinary lengths ... at financial institutions. The real estate industry, the target of much mainland money, is not affected. That leaves only a small part of our city handling cash from across the border to wonder how ...




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