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  • April 16, 2014
  • Last updated: 10:53pm
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  1. News - Hong Kong - AVIATION

    Hong Kong drone pilot's fine dropped as US authorities plan appeal

    Posted Mar 09th 2014, 05:30am by AFP, DANNY LEE

    ... against Hong Kong-based Raphael Pirker for operating a drone while filming a commercial in 2011. Pirker was fined US$10,000 and the court decision could open up the United States' skies ... to be used in an advertisement for its medical school. The agency alleged that Pirker- who now runs a drone business in Hong Kong- had operated a drone without a pilot's licence ...

  2. Plenty of notes to cover fakes: monetary authority

    Posted Mar 21st 2007, 12:00am by Agnes Lam, Audrey Parwani, Norma Connolly

    ... Kong Monetary Authority yesterday assured the public there were sufficient stocks of new HK$1,000 notes to meet the demand of customers who wish to replace their older banknotes. Police had ... that counterfeit HK$1,000 notes concerned only the 2000 and 2002 HSBC series. The authority said it had liaised with the Hong Kong Association of Banks, which had 'given clear and specific advice ...

  3. Monetary Authority director clarifies minibond deal rules

    Posted Jul 26th 2009, 12:00am by Kobi Chan

    ... describing themselves as professional investors, the Monetary Authority executive director says. Raymond Li Ling-cheung's comments yesterday came after a number of minibonds buyers raised questions over whether they would be eligible for a payout under a deal agreed with 16 Hong Kong banks which sold minibonds guaranteed by Lehman Brothers. In the days since the announcement ...

  4. Monetary Authority to probe mini-bond sales techniques

    Posted Sep 23rd 2008, 12:00am by Joyce Man

    ... Joyce Man Hundreds of investors claim they were not warned of risks The Hong Kong Monetary Authority says it will investigate whether banks used improper tactics to market Lehman Brothers ... The bond holders, many of them retirees who spent much of their savings on the investments, complained that the banks had not told them of the risks. Representatives from Bank of China (Hong Kong ...

  5. Monetary Authority chief 'did enough'

    Posted Feb 25th 2009, 12:00am by Joyce Man

    ... Joyce Man The Monetary Authority chief did enough but regulators did not give warning signs before Lehman Brothers collapsed, the financial services secretary said yesterday. Monetary ... services firm, and Professor Chan is the first to testify. Lawmaker James To Kun-sun asked whether the government inquired about Lehman minibonds after the Monetary Authority received complaints ...

  6. Financial secretary denies rift with head of Monetary Authority

    Posted Oct 18th 2008, 12:00am by Staff Reporter

    ... Fanny W. Y. Fung and Maria Chan Financial Secretary John Tsang Chun-wah has dismissed rumours that he is at loggerheads with Hong Kong Monetary Authority chief executive Joseph Yam ... oversees the Monetary Authority. He also praised Mr Yam for his professionalism and said they had talked on the telephone several times a day recently to discuss developments in the global ...

  7. Monetary Authority chief executive urges banks to keep lending

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

    ... Maria Chan Monetary Authority chief executive Joseph Yam Chi-kwong urged local banks yesterday to support companies by continuing to lend rather than tightening credit across the board. ... about the stability of retail deposits after last month's run on the Bank of East Asia. However, he said, the Monetary Authority had introduced measures to make it easier for lenders ...

  8. High time for Monetary Authority to abandon ambiguous policy

    Posted Nov 11th 2004, 12:00am by Louis Beckerling

    ... Louis Beckerling The Hong Kong Monetary Authority is once again under pressure to abandon its 'constructive ambiguity' and declare a specific trigger point at which it will step into the market and sell Hong Kong dollars to cap further gains against the US dollar. Under the currency board system practised in Hong Kong now, the Hong Kong dollar is pegged to the US dollar ...

  9. Business - Comment - LAI SEE

    Fishy business on the rise in Hong Kong

    Posted Apr 04th 2014, 12:29am by Howard Winn

    ... card. This, it will be recalled, was necessary because the Hong Kong Monetary Authority had instructed banks to replace the magnetic strip in the ATM cards with a chip. HSBC, in its wisdom, ... Howard Winn Hong Kong has had a ban on trawling for fish since the end of 2012. It has made payments to fishermen to assist them during this ban, and many of the familiar green-hulled ...

  10. Business - Banking & Finance - BANKING

    Hong Kong banks to undergo mortgage loan checks

    Posted Mar 20th 2013, 12:00am by KANIS LI

    ... portfolios, the Hong Kong Monetary Authority would look at the robustness of the banks' entire loan portfolios, deputy chief executive Arthur Yuen Kwok-hang said. "After four to five years ... banks have been using this model to manage their capital, including HSBC, Standard Chartered, Bank of China (Hong Kong), Hang Seng Bank and Bank of East Asia. Yuen said it would take time ...




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