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  1. BOCHK sees surge in interest, fee income

    Posted Oct 31st 2007, 12:00am by Staff Reporter

    ... Maria Chan BOC Hong Kong (Holdings), a subsidiary of Bank of China, posted increased operating profit for the first nine months but withheld net income figures for the period. Fuelled by growth in net interest as well as fee incomes, the bank's operating profit before provisions rose 20.8 per cent to HK$13.25 billion for the first nine months, data provided to the Hong Kong ...

  2. Ranks of younger, lower-income investors growing, survey shows

    Posted Oct 26th 2007, 12:00am by Nevin Nie

    ... Nevin Nie Hong Kong's investor base is gaining more new faces who are relatively younger and have lower incomes, while overall appetite for risk has risen with stocks being the most ... monitor survey, which polled 1,305 investors aged 18 to 64 years old. Those with monthly incomes less than HK$10,000 accounted for 31 per cent, up from 22 per cent, the report said. 'The ...

  3. Foreign insurers' premium incomes forecast to boom

    Posted Sep 03rd 2007, 12:00am by Enoch Yiu

    ... Enoch Yiu Premium incomes earned by foreign insurance companies in the mainland could grow by five times and their market share could almost double by 2010, according to a survey by PricewaterhouseCoopers. The survey, which polled the views of 24 of the 40 foreign insurance companies operating in the country, indicated premium incomes were expected to increase at least five-fold to 79.9 ...

  4. Exchange gains boost Air China income 93pc

    Posted Oct 31st 2007, 12:00am by Charlotte So

    ... Air China, the most profitable mainland carrier, reported a 93 per cent increase in net income to 2.18 billion yuan for the third quarter, after excluding the one-off gain from selling its entire stake in Hog Kong Dragon Airlines last year. If the exceptional gain is included in last year's figures, then profit at the Beijing-based carrier decreased 33 per cent from the 3.3 ...

  5. China Power posts 77.3pc income slump

    Posted Sep 06th 2007, 12:00am by Peggy Sito

    ... Peggy Sito China Power International Development said its first-half profit slumped 77.3 per cent on increased fuel costs and an unrealised loss related to convertible bonds issued by associate Shanghai Electric Power. Net profit plunged to 69.6 million y ...

  6. Mainland's income gap among Asia's highest

    Posted Aug 09th 2007, 12:00am by Tom Miller

    ... Tom Miller in Beijing The mainland has the highest income inequality of any developing country in Asia after conflict-riven Nepal, the Asian Development Bank said in a report released yesterday. The relative inequality was threatening to reach Latin American levels, the ADB warned in Inequality in Asia: Key Indicators 2007, which compared 22 developing Asian countries. Widening ...

  7. Fund raisers turn to fixed-income deals

    Posted Dec 01st 2007, 12:00am by Carol Chan

    ... burgeoning bond market yesterday, signalling a trend that more entities will turn to fixed-income instruments for funding amid rising interest rates and credit tightening. The Ministry of Railway ... of seven-year fixed-income securities. Approved by the National Development and Reform Commission, this is the biggest state-owned corporate bond sale or debt issued by a big state-run agency or firm. ...

  8. Warning as income gap widens

    Posted Jun 19th 2007, 12:00am by Audrey Parwani

    ... Audrey Parwani Census shows rich-poor divide growing; expert says it will worsen if officials don't act Hong Kong's widening income gap was brought into sharp focus yesterday ... that Hong Kong had become an 'M-shaped society' in which the middle class is gradually absorbed by the upper and lower groups. The report on household income distribution from the Census ...

  9. Most high-income earners set to ignore tax deadline

    Posted Apr 02nd 2007, 12:00am by Staff Reporter

    ... Jane Cai Many play a wait-and-see game over revised law The first year of the mainland's new taxation system is expected to be a failure, with the overwhelming majority of high-income earners not lodging returns despite the deadline falling today. Under the revised individual income tax law, which came into effect last year, mainlanders and overseas nationals who have lived ...

  10. Low-income groups must be given decent pay increases

    Posted Oct 10th 2007, 12:00am by Staff Reporter

    ... likely that the low income earners (for example, cleaners and security guards) would get the smallest percentage rise. The low income workers are suffering. Yet, they are making ... conditions for its employees, makes a significant improvement to the livelihood of low income employees. It is absurd that when some company directors are earning millions in their salary packages, ...




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