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  1. The financial chief we need

    Posted Jun 17th 2012, 12:00am

    ... of the chief executive-elect seem focused on rearranging the desks at Tamar to reflect bureaucratic power shifts, Yam has raised a fundamental issue and reminded us of the key roles of the financial ... with the policies coming out of the office of the financial secretary. This minister also has direct control of the HKMA- though Yam at least ran it more like an independent fiefdom. So it is with some ...

  2. HK gains ground as financial centre; Shanghai nowhere

    Posted Sep 02nd 2010, 12:00am by Tom Holland

    ... with Tom Holland Anyone anxious that Shanghai is overtaking Hong Kong as an international financial centre can heave a sigh of relief. And anyone concerned that the US dollar is falling ... overseas investors own between 30 and 50 per cent of many major Hong Kong-listed stocks. But to get a better idea of how international a financial centre it really is, it makes sense to look ...

  3. Energy and financial units hurt NWS profit

    Posted Mar 18th 2009, 12:00am by Denise Tsang

    ... Denise Tsang NWS Holdings, the infrastructure and services flagship of New World Development, said the poor performance of power plants and financial services dragged down its attributable ... HK$427.9 million in non-operating losses and provisions for investment properties and financial assets. In the previous period, there was a one-off gain of HK$1 billion from selling Harbour Place ...

  4. Talk of a world currency just financial pie in the sky

    Posted Mar 26th 2009, 12:00am by Tom Holland

    ... with Tom Holland On Monday, the governor of China's central bank called for the adoption of a 'super-sovereign reserve currency' to replace the US dollar. His proposal triggered a vigorous debate among academic economists and financial pundits about the merits of an international currency, almost all of which was utter gibberish. At first, the concept ...

  5. High earners bear brunt of financial crisis

    Posted Feb 25th 2009, 12:00am by Ambrose Leung

    ... economic circumstances. 'The statistics are not unusual,' Professor So said. 'They reflect the first wave of the financial downturn, which affected the middle class the most, while ... Kong's middle class has long shouldered the bulk of Hong Kong's consumption. If this group shrinks, it would invariably reduce public revenue and further worsen the financial situation next ...

  6. 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 ...

  7. Comment - Insight & Opinion

    Asia at risk if insolvencies hit euro zone

    Posted Apr 08th 2013, 12:00am by DAN STEINBOCK

    ... weigh on growth, the euro zone is again in recession. Unemployment has soared to a record high 12 per cent, and twice as high in southern Europe. ECB risks: Since 2008, financial institutions ... stage. The financial crisis in the West translated in 2008 to a massive negative demand shock in Asia. Today, things are changing, but Asia's manufacturing centres remain vulnerable ...

  8. HKMA chief calls for review of financial stability arrangements

    Posted Jul 04th 2008, 12:00am by Enoch Yiu

    ... Enoch Yiu Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong called for a review of the city's financial stability arrangements, including extending the liquidity mechanism, as the present law may constrain the ability of the financial secretary to handle crises. In his weekly column on the authority's website yesterday, Mr Yam said the Exchange Fund ...

  9. Yam urges easing of financial controls

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

    ... Natalie Chiu Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong has called on Beijing to relax controls on the mainland financial system to forge closer ties with Hong Kong's financial system. Mr Yam said channels would have to be set up to promote mobility between the two financial systems in terms of funds flow and financial instruments. 'The increasing ...

  10. Hong Kong's currency peg to US dollar works just fine, says financial secretary

    Posted Jun 16th 2007, 12:00am by Andy Chen

    ... convertible, the financial secretary said yesterday. Henry Tang Ying-yen is the second top official to reject a review of the peg after recent suggestions- by ex-financial secretary Antony Leung ... financial aides had contemplated delinking the currencies in August 2002. His successor, Donald Tsang Yam-kuen, later denied any intention to move the peg. At an exhibition of Hong Kong's new ...




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