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  1. Fewer non-local firms in the city

    Posted Oct 06th 2009, 12:00am by Paggie Leung

    ... 6,397 such companies representing parent companies located outside the city, according to an annual survey conducted by InvestHK and the Census and Statistics Department. The latest figure ... business operations in the city. 'Given the global economic crisis, we considered this to be actually a fairly good result,' Simon Galpin, director general of investment promotion ...

  2. Business - Property - PROPERTY

    Further mortgage rate rise 'could cut home prices by 20pc in two years'

    Posted Mar 15th 2013, 12:00am by Paggie Leung, Yvonne Liu, Sandy Li

    ... Homes could lose 15 to 20pc of their value in just two years, investment bank warns, while others think impact will be less severe Home prices in Hong Kong may fall by 15 to 20 per cent in two years following the increase in mortgage lending rates, an investment bank predicts, but some developers and bankers believe the impact will be small. Deutsche Bank, which forecast ...

  3. Lawmaker wants judicial review of sale of Housing Authority assets

    Posted Dec 06th 2004, 12:00am by Paggie Leung

    ... the listing of Link Real Estate Investment Trust (REIT), but he wanted to protect the government's assets. The Link REIT application forms were available on Monday at 63 banks. Outside a bank ...

  4. Court of First Instance rules that HA can now privatise assets

    Posted Dec 14th 2004, 12:00am by Paggie Leung

    ... PAGGIE LEUNG Updated at 7.24pm: An attempt by two public housing tenants to stop the Housing Authority from privatising its assets failed in the Court of First Instance on Tuesday evening. Mr Justice Michael Hartmann ruled that the HA could now sell its c ...

  5. Mentally ill mother sues over minibonds

    Posted Mar 05th 2009, 12:00am by Paggie Leung

    ... Yvonne Tsui and Paggie Leung A mentally ill mother, who was left to care for her three children after a divorce, is suing Citic Ka Wah Bank to recover her HK$6 million minibond investment ... investments in well-known firms. Lau Wai-ping alleged that her sister was misled by the bank into taking the HK$6 million out of a fixeddeposit account and investing it in minibonds. Her sister's ...

  6. Peace of mind at last for the minibond investors

    Posted Sep 07th 2009, 12:00am by Paggie Leung

    ... to repay customers at least 60 per cent of their initial investment in minibonds. 'I'm very happy because the year-long distress has come to an end,' Lee said. Lee was among thousands of Hongkongers who lost billions on minibonds guaranteed by Lehman Brothers when the US investment bank went bankrupt in September last year. Unlike previous Sundays in the past year, ...

  7. Ill investor sues bank

    Posted Dec 24th 2008, 12:00am by Paggie Leung

    ... Yvonne Tsui, Paggie Leung and Tiffany Lam A psychiatric patient is suing DBS Bank for HK$930,000 she invested in retail bonds with Lehman Brothers, alleging the bank misled her. In a writ ... savings, therefore I do not wish to make any high-risk investment at all,' she says. Ms Zhou- who came to Hong Kong six years ago- filed the action on Monday in person without hiring a lawyer. ...

  8. Investor's minibond lawsuit a first for consumer action fund

    Posted Sep 25th 2009, 12:00am by Paggie Leung

    ... nature of the note was very similar to a fixed deposit' and 'the note was a suitable investment product' for her, with an interest return of about 4 per cent per year, the writ ... into liquidation, her loss would be limited to one third of the principle invested. The writ also said that bank staff completed a risk profile for Chan after she bought the product, without informing her. ...

  9. Protesters demand talks with Tsang over minibond losses

    Posted Jul 06th 2009, 12:00am by Agnes Lam, Paggie Leung

    ... The woman, who had invested more than HK$1 million in minibonds, jumped from her 15th-floor flat in Richland Gardens, Kowloon Bay. It is unknown if her death was related to the minibonds fiasco. When Lehman Brothers collapsed last year, about 48,000 Hongkongers lost most of the combined HK$20 billion they had invested in credit-linked derivatives such as minibonds issued or guaranteed ...

  10. Rules for Lehman probe set out

    Posted Feb 18th 2009, 12:00am by Paggie Leung

    ... investment in well-known companies. Despite their name, they are not corporate bonds but consist of high-risk, credit-linked derivatives. About 43,700 Hongkongers invested HK$15.7 billion in derivatives issued or guaranteed by Lehman Brothers. Their investments lost much or all of their value when the investment bank collapsed in mid-September. ...




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