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  • July 11, 2014
  • Last updated: 2:34pm
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  1. Business - Banking & Finance

    Fee income boosts Citic Securities profit

    Posted Mar 28th 2014, 01:40am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Fee income boosts Citic Securities A strong pickup in income from commission fees and asset management helped top mainland brokerage Citic Securities arrest ... per cent to 20.3 billion yuan, thanks mostly to a surge in brokerage fees and income from asset management. Citic Securities, in which parent firm Citic Group has a 21 per cent stake, said ...

  2. Comment - Insight & Opinion

    Tenants should pay fair share for public housing

    Posted Jul 08th 2014, 04:32am by SCMP Editorial

    ... SCMP Editorial Fair shares in public housing Public housing is made for low income earners. That it is heavily subsidised by public funds means it should be managed with fiscal prudence. When tenants face difficulties, concessions are provided to ease their burden. When their incomes increase, it makes sense to charge more. Under a revised formula in 2008, rent will be adjusted ...

  3. Magazines - Post Magazine

    Income and gender equality can boost Hong Kong's economic growth, says IMF's Lagarde

    Posted Feb 22nd 2014, 11:39pm

    ... of inequalities and greener growth, I am personally passionate, yes.” Governments in Hong Kong and elsewhere should remember, she says, that all the evidence suggests that greater income equality, gender ...

  4. Business - Commodities - COMMODITIES

    Macquarie takes full control of US terminals business

    Posted Jul 09th 2014, 05:20am by Bloomberg

    ... billion to Macquarie's operating income in the year ended March 31, boosting its fixed income, currencies and commodities business revenue by 29 per cent, it said in a filing. The business was the second- largest revenue earner behind the funds management unit. Income from its business in the Americas, largely in the US, overtook its home market of Australia for the first time ...

  5. News - Hong Kong - EDUCATION

    Polytechnic University fires don Judy Tsui, accused of not declaring income

    Posted Feb 12th 2014, 03:47am by Johnny Tam

    ... to a locally listed company and a mainland-listed company. PolyU requires its academics to declare external income and to pay some of the money to the university. "The review conducted ... mechanism to process all applications and approvals of income declarations," the spokeswoman said. "All employees have to follow [the rules] strictly." Tsui could not be reached ...

  6. Business - Economy - THE VIEW

    Hong Kong's public housing policy a homewrecker for poor couples

    Posted Jul 01st 2014, 11:15am by Richard Wong

    ... together, the [divorce rate] is lowered When the divorce rate is rising, especially when the rise is disproportionately higher among poorer people, then the measurement of household income ... (each earns HK$10,000). In this two-household society, average household income is HK$30,000. If the lower-income family divorces, then the average household income drops to HK$20,000 because ...

  7. Business - Companies - EARNINGS

    Fast Retailing cuts 2014 profit forecast

    Posted Jul 11th 2014, 01:31am by BLOOM

    ... fiscal year, citing losses from its J Brand fashion unit in the US. Net income will probably be about 78 billion yen (HK$5.95 billion) for the year ending August, lower than its previous forecast ... outlets worldwide, mainly in the US, and opened its first directly-run store in Japan in October 2013, according to the company. Net income fell to 20.28 billion yen in the three months ended May ...

  8. Property - Hong Kong & China

    Rise in housing prices renews debate on affordability

    Posted Jul 11th 2014, 01:31am by Peggy Sito

    ... incomes have risen at a much slower pace than home prices. The price-income ratio, which the investment bank defines as the average price of a typical 50 sq metre flat to the median income ... financial crisis, nominal property prices have grown at an average of 16 per cent per year, while nominal median household income has grown at just below 4 per cent per year," the investment ...

  9. Business - Economy

    British retailers cut prices as household incomes stagnate

    Posted Feb 05th 2014, 02:49pm by Reuters in London

    ... Reuters in London British retailers slashed prices at the fastest rate in at least seven years during the January sales, industry figures showed on Wednesday, highlighting tough trading conditions despite an improving economy. The British Retail Consortiu ...

  10. Business - China Business - TAXATION

    China fails to collect 65pc of corporate taxation, says IMF

    Posted Jun 27th 2014, 01:04am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Mainland's high rate blamed for low corporate income tax efficiency, while HK's low levels fuel outsized foreign direct investment Beijing fails ... the mainland was the 11th worst in "corporate income tax efficiency" measures from 2011 to 2012. Corporate income tax efficiency is defined as actual tax revenue compared to the potential tax ...




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