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  • November 29, 2014
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Results 1 - 10 of 17 for hsbc

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  1. Business - Economy - MONITOR

    Beijing's statistical sleight of hand

    Posted Dec 06th 2013, 05:09am by Tom Holland

    ... suspiciously smooth. Misgivings about the quality of China's economic data are nothing new, of course. A few months ago Christopher Balding from the HSBC Business School at Peking University ...

  2. Business - Comment - MONITOR

    A good time to sell Hong Kong's family-owned banks as China's bad debt swells

    Posted Oct 25th 2013, 03:13am by Tom Holland

    ... times the book value of its assets, and Chong Hing to a multiple of 2.2 times (see the first chart). In comparison, both HSBC and Bank of East Asia are trading at 1.2 times book value. Clearly, ...

  3. Business - Comment - MONITOR

    HSBC's new shape emerges after 2012's year of horrors

    Posted Mar 05th 2013, 12:00am by Tom Holland

    ... Tom Holland Banking group is increasingly looking towards the rapidly growing economies of Asia to drive profit as developed markets fail to impress HSBC's new shape emerges after 2012's year of horrors If you were to judge only by the headlines, then 2012 was truly an annus horribilis for HSBC. In the United States, the bank had to pay a hefty US$1.9 billion ...

  4. Business - Comment - MONITOR

    The engine's revving, but the gearbox is stuck in neutral

    Posted Apr 24th 2013, 12:00am by Tom Holland

    ... Tom Holland Mainland's economic growth in the first quarter was softer than expected despite trillions of yuan of new funding in past six months The engine's revving, but the gearbox is stuck in neutral Yesterday HSBC released its "flash" purchasing managers index for Chinese manufacturers in April. That sounds arcane, I know, but the news was bad. The index, ...

  5. Business - Comment - MONITOR

    Official manipulation adds 10 per cent to China's GDP

    Posted Aug 12th 2013, 12:00am by Tom Holland

    ... is altogether trickier. Now a new study by Christopher Balding from the HSBC Business School at Peking University sheds some welcome light on just how the data is manipulated. Balding argues ...

  6. Business - Economy - MONITOR

    Today's risk is not a peasants' revolt, but a sovereign default

    Posted Jul 24th 2013, 12:00am by Tom Holland

    ... Tom Holland History teaches us that heavily indebted sovereigns will default, whether they are medieval English kings or 21st-century European governments Today's risk is not a peasants' revolt, but a sovereign default Stephen King, the group chief economist at HSBC, believes his profession has spent far too much time developing mathematical models of how markets work. ...

  7. Business - Comment - MONITOR

    No, it's not 1997, but Asia is still exposed to nasty risks

    Posted Jun 26th 2013, 12:00am by Tom Holland

    ... contagion. "For students of Asia, and those who have lived through the tumultuous summer of 1997, the latest gyrations cause deep unease," noted HSBC economist Frederic Neumann yesterday. ...

  8. Business - Comment - MONITOR

    Mainland China squeeze is bad news for Hong Kong banking system

    Posted Jun 21st 2013, 12:00am by Tom Holland

    ... and repatriating the proceeds for use onshore. The arithmetic is compelling. HSBC's prime lending rate is 5 per cent, a full percentage point lower than the onshore three-month interbank rate. ...

  9. Business - Comment - MONITOR

    High time to reconsider your yuan investments

    Posted May 27th 2013, 12:00am by Tom Holland

    ... of currencies, last week foreign exchange analysts at Morgan Stanley announced the start of a new US dollar bull market. Their opposite numbers at HSBC declared that "we have entered a US dollar bull environment". "Taken to the extreme, it means the US dollar may become the most over-valued of currencies," the HSBC analysts added. If the US dollar does surge in value, ...

  10. Business - Comment - MONITOR

    Why the HKMA should fret over consumer debt

    Posted May 07th 2013, 12:00am by Tom Holland

    ... most of its time in easing mode. HSBC's prime lending rate, the benchmark for local mortgages at the time, duly followed, falling from 9.5 per cent to just 5 per cent. As a result, ...




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