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  • October 22, 2014
  • Last updated: 11:05am
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  1. Property agencies' incomes double

    Posted Jul 01st 2009, 12:00am by Staff Reporter

    ... Fulton Mak Some of the biggest Hong Kong property brokerages said first-half income more than doubled from the second half last year, thanks to the low interest rate and improved sales. Ricacorp Properties said that commissions in the first half soared 125 per cent to HK$365 million from the second half last year when the market was badly hit by the global financial crisis. ...

  2. Lifestyle posts 41.9pc income gain but expects moderate second half

    Posted Aug 12th 2008, 12:00am by Staff Reporter

    ... but the pace eased in May as a result of the slowdown in the global economy and the impact of the earthquake in Sichuan. Net income for the six months to June rose to HK$606.25 million or 35.5 HK cents ... Net margin before changes in the fair value of company's properties dropped to 28 per cent from 30.1 per cent a year earlier because of a first-time income tax charge at the Shanghai ...

  3. COSL sees strong income growth despite oil decline

    Posted Aug 30th 2008, 12:00am by Eric Ng

    ... Eric Ng China Oilfield Services Ltd (COSL), the mainland's dominant offshore drilling services company, said that despite falling oil prices, fee income would continue to grow rapidly in the second half because its prices were protected by contracts. Spiralling oil prices, brisk demand and a tight supply of drilling and service vessels enabled the company to increase rates 41.4 per ...

  4. Business - China Business - LISTINGS

    Fujian broker mulls Hong Kong float in expansion

    Posted Apr 12th 2013, 12:00am by REN WEI

    ... Daniel Ren in Shanghai ren.wei@scmp.com Faced with dwindling share trading income on the mainland, Industrial Securities is exploring overseas markets for new revenue sources Fujian broker mulls HK float in expansion Industrial Securities, a medium-sized brokerage on the mainland, is considering a listing in Hong Kong as it follows bigger domestic rivals in exploring overseas ...

  5. StanChart sees 8th year of record earnings

    Posted Dec 10th 2010, 12:00am by Lulu Chen

    ... profit before tax might be below the US$6.4 billion estimate of some analysts, since the bank continued to increase costs in the second half but failed to boost income growth. 'I think ... slowdown.' He estimated the bank's profit before tax at around US$6.1 billion. On the consumer banking side, operating income for the full year will show a growth rate broadly consistent ...

  6. Business - China Business - RETAIL

    Retailer Stelux eyes dealmakers to turn around China business

    Posted Dec 04th 2012, 12:00am by Ray Chan

    ... with a growing middle class which will have more disposable income. Stelux plans to spend up to HK$80 million per year to open new stores and renovate old ones. The number of stores on the mainland has ...

  7. Adidas targets 10pc growth yearly in China

    Posted Nov 17th 2010, 12:00am by Staff Reporter

    ... in small mainland cities by 2015, offering affordable products to people with lower disposal income than residents in big cities such as Beijing and Shanghai. The entry-level products ... low-income consumers who prefer international brands. China is the second-largest market for the German company after the United States. Hainer said the US, Russia and China would contribute half ...

  8. Wealth fund revamps investment divisions to maximise demand

    Posted May 01st 2009, 12:00am by Staff Reporter

    ... to replace the fixed-income, equity and alternative investment departments. CIC said the new sections were established 'based on needs and requirements of their different asset classes, target ... on Wednesday that Hu Bing, who was responsible for the sovereign fund's fixed-income investments and trading desk, had become the head of the private market investment division. Mr Hu is a United ...

  9. Political factors far outweigh financial gains in yuan bonds

    Posted Sep 04th 2010, 12:00am by Shirley Yam

    ... their interest in yuan. So you must have a stable source of yuan income. You don't need dollar income to issue dollar bonds, not just because the dollar is easily convertible but also because ... bonds by foreigners is a matter for their home regulators. But you have to send the money you've raised from the bond into China for your projects, and you need to send your yuan income out ...

  10. Wachovia fined US$440,000 for illegal bank operations

    Posted Nov 07th 2003, 12:00am by Mark O'Neill

    ... in illegal income that the bank's Shanghai office had earned, as well as ordering the bank to pay a fine of the same amount, one banker said. It also suspended for one-year the accreditation ... that the Wachovia office had income other than that from its head office, which is the only legal income for a representative office. The income was from the verification of cheques and handling ...




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