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  • April 18, 2014
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  1. HK dollar bonds priced at tight end

    Posted Jul 17th 2004, 12:00am by Enoch Yiu

    ... Anette Jonsson and Enoch Yiu The government has priced two Hong Kong dollar-denominated bond tranches targeting institutional investors at the tight end, after market sources said the issues attracted orders for almost twice the amount available. The two ...

  2. Chekiang First fuels 35pc rise at Wing Hang

    Posted Mar 11th 2005, 12:00am by Staff Reporter

    ... a market consensus of $1.08 billion. However, the $4.83 billion takeover, which doubled Wing Hang's assets overnight, was also responsible for a seven-percentage-point-jump in its cost-income ... year to see if the merger was worth what it cost. Mr Fung's goal to bring the cost-income ratio down to 38 per cent by next year is reasonable and the bank should be able to achieve ...


    Posted Jan 28th 2004, 12:00am by Staff Reporter

    ... fortune reit shows net income of $58.9m Fortune Real Estate Investment Trust, controlled by Li Ka-shing, announced its net income available for distribution for the period between August 12 and December 31 was $58.9 million. Fortune, which must distribute 100 per cent of its tax-exempt income to investors, said the distribution per unit would be 12.43 cents, 6.23 per cent ...

  4. Wen warning on waste, corruption

    Posted Mar 06th 2009, 12:00am by Martin Zhou

    ... Woods Lee and Martin Zhou Premier Wen Jiabao issued a stern warning against white elephant projects and corruption yesterday as he forecast slowing growth in fiscal income and rising ... be used for private gains for any individual and government department.' In its annual fiscal budget handed over to the NPC for reading and approval, Beijing proposed a national fiscal income ...

  5. Sharp rise in profit at property company

    Posted Mar 07th 2011, 12:00am by Ana Wang

    ... the previous year. 'The rise in income was mainly due to the enriched product range and the company has shifted its product mix to high-value products like villas and houses,' said Sun ... estate market on the mainland, while sustaining a stable and high growth potential, as well as selectively expanding our investment portfolio to diversify our sources of income so that we may ...

  6. Hu-Wen legacy sketched out in blueprint

    Posted Mar 04th 2011, 12:00am by Cary Huang

    ... the party promised a concerted effort to push domestic consumption in an effort to balance the country's investment-skewed economy and to bridge the widening income gap, as well as increase ... for the people'. 'The policy focus of the 12th five-year plan should shift to the all-new idea and strategy of increasing personal incomes, narrowing the wealth gap, and enriching the people,' ...

  7. CLSA staff agree to salary cuts of as much as 25pc

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

    ... by last night, a CLSA spokesman said. 'Internally, we had set a 50 per cent cost-income ratio as the early warning signal to take a look across our cost structure,' chief executive Jonathan Slone said. 'Instead of cutting people that will affect our ability to service clients, we opted for a salary cut at the top.' Cost to income is a measure of efficiency commonly ...

  8. Belle trims growth target for unprofitable brands

    Posted Sep 11th 2008, 12:00am by Staff Reporter

    ... in Belle dropped as much as 11.43 per cent to close down 9.84 per cent at HK$6.23 yesterday after the results announcement. 'The significant increase in income tax expense was due to the expiration of a two-year exemption from enterprise income taxes in 2007,' the company said in a statement filed with the Hong Kong stock exchange yesterday. Mr Sheng said in the next two ...

  9. Solid recovery for core earnings

    Posted May 09th 2005, 12:00am by Staff Reporter

    ... and loan growth mostly stagnant, loan revenue and net interest margins continued to fall. Nonetheless, net interest income grew almost 1 per cent, largely on a 5 per cent drop in interest expense and strong loan growth outside Hong Kong. 'The growth in non-interest income is a bit lower than I expected. But [BEA] has done quite well in several lending categories, such as credit cards ...

  10. StanChart keeps double-digit growth goal

    Posted Mar 19th 2011, 12:00am by Lulu Chen

    ... Lulu Chen Standard Chartered will not change targets for double-digit income growth this year despite the turmoil in the Middle East and the unfolding nuclear disaster in Japan. 'The ... and rid locations that were no longer profitable. The bank booked a 29 per cent increase in net profit of US$4.23 billion for the year to December, compared with 2009. Operating income rose 5.8 ...




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