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  • November 27, 2014
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Results 1 - 10 of 16 for financial industry

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  1. Hang Seng nets HK$12b profit

    Posted Mar 06th 2007, 12:00am by Andy Chen

    ... compared with the HK$11.88 billion analysts' forecast in a Thomson Financial survey and HK$11.3 billion for 2005, partly due to a HK$763 million profit from Fujian-based Industrial Bank. ... might book a 1.5 billion yuan gain this year from the Shanghai listing of Industrial Bank, chief financial officer Patrick Chan Kwok-wai said. The bank had not decided whether to book the gain ...

  2. Hot pot chain closes all four outlets

    Posted Feb 17th 2005, 12:00am by Andy Chen, Carrie Chan

    ... mostly the higher-class restaurants.' Legislator Tommy Cheung Yu-yan, who represents the catering industry, expressed concern that restaurants in financial difficulty would escape paying ... as evidence the recovery had not reached the grass roots. The chain ran smaller restaurants catering to lower-income groups. Members of the catering industry said it was the first time in two years ...

  3. Competition law is a bridge too far for HK

    Posted Oct 31st 2005, 12:00am by Andy Chen, Ben Kwok

    ... President and chief executive No Competition legislation is not needed in Hong Kong?s banking and financial services industry. This is a fiercely competitive and crowded market. There are 131 ... choice and competitive prices. Hongkong and Shanghai Banking Corp chief executive Michael Smith was typical in pointing to an apparently competitive high-street market for financial products. ...

  4. Film firm awaits censorship shift

    Posted Nov 29th 2005, 12:00am by Andy Chen

    ... Andy Cheng Golden Harvest Entertainment (Holdings) plans to invest heavily in cinemas in the Pearl River Delta if the central government waives censorship of Hong Kong films. The film financier, distributor and exhibitor had been negotiating with other industry players with the central government for a waiver and was awaiting a response, said spokesman Tony To. Films screened ...

  5. Coastal Greenland to lift China land bank despite slump

    Posted Jul 31st 2006, 12:00am by Andy Chen

    ... saw a 30 per cent drop in its Beijing and Shanghai sales volume after the State Council imposed new restrictions on the homebuilding industry, executive director and financial controller Paul ... turnover for the financial year to reach $3 billion, versus $759 million for the year to March. About $1.5 billion from pre-sales of residential units in previous years would be reflected ...

  6. Tsang's the man, says Anson Chan

    Posted May 29th 2005, 12:00am by Andy Chen

    ... to stay in office. Secretary for Financial Services and the Treasury Frederick Ma Si-hang and Secretary for Commerce, Industry and Technology John Tsang Chun-wah also praised Mr Tsang for his ...

  7. Hang Seng bets on well-heeled to double private bank earnings

    Posted Aug 20th 2007, 12:00am by Andy Chen

    ... by focusing on wealth management and insurance. Hang Seng, a unit of HSBC, is joining industry peers in expanding fee-based income because it faces stiff competition for interest income in the face ... of personal financial services and wealth management. Hang Seng's operating income from private banking rose 60.7 per cent in the first half of the year, while pre-tax profit jumped 62.4 per cent ...

  8. Gome offers $5.2b for Paradise

    Posted Jul 26th 2006, 12:00am by Andy Chen

    ... including United States-based Best Buy, has been eroding profit margins in the fragmented industry. Best Buy agreed to buy Jiangsu Five Star Appliance, the fourth-largest electronics retailer ... Appliance, No5 in the industry, in April in a deal awaiting regulatory approval. Gome said the merger with China Paradise would integrate the procurement and supply chain management of both companies ...

  9. Hang Seng turns to small firms after earnings drop

    Posted Mar 07th 2006, 12:00am by Andy Chen

    ... last year, in contrast to the market's upbeat expectations. The bank was also interested in buying more stakes in Industrial Bank, its mainland partner in which it owned a 15.98 per cent ... the lender's net profit fell 0.19 per cent to $11.34 billion last year. A poll by Thomson Financial of 20 brokers predicted Hang Seng's profit would rise 1.46 per cent to $11.56 billion. Mr ...

  10. Officials buoyed by recent heavy trade

    Posted Jan 11th 2006, 12:00am by Andy Chen

    ... at $40.8 billion- since the government intervened in August 1998 to prop up the market during the Asian financial crisis. Mr Wheatley said he thought investors' views that the interest rate rise cycle was drawing to a close and the strength of the Chinese economy were among the reasons for the surge in trading. Secretary for Financial Services and the Treasury Frederick Ma Si-hang ...




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