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  • April 18, 2014
  • Last updated: 3:21am
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  1. News - Hong Kong - FINANCE

    Task force findings out today will justify gloomy budget, says John Tsang

    Posted Mar 03rd 2014, 05:17am by Phila Siu

    ... spending at a rate of 7.5 per cent a year. The task force forecast government revenue to grow at a rate of 4.5 per cent a year. People Power lawmaker Albert Chan Wai-yip said that Tsang's ...

  2. News - Hong Kong - FINANCE

    Key Apec meeting switched from Hong Kong to Beijing

    Posted Feb 25th 2014, 04:28pm by Stuart Lau, Tony Cheung and Zhang Hong

    ... "It is worrying, because you won't know how serious Occupy Central will get … so it could be safer [to hold the Apec meetings in Beijing]," he said. Democratic Party lawmaker Albert ...

  3. Business - Banking & Finance - FINANCE

    Chinaleaks: Hong Kong anti-poverty duo 'failed to declare ties to tax haven'

    Posted Jan 23rd 2014, 12:01am by Tanna Chong

    ... in Hong Kong's Companies Registry. Lam's husband, lawmaker Wong Ting-kwong, said he had "no knowledge" of Lam's offshore holdings. "My wife's business is unrelated to me," said Wong, of the Democratic Alliance for the Betterment and Progress of Hong Kong. Labour Party lawmaker and commission member Peter Cheung Kwok-che said of Cheng and Lam: ...

  4. Business - Banking & Finance - FINANCE

    Bitcoin value tumbles after BTC China exchange blocks renminbi deposits

    Posted Dec 18th 2013, 06:13am by DANNY LEE, Angela Meng and Amy Nip

    ... Services and the Treasury Chan Ka-keung told lawmakers. "It is not qualified to become an electronic currency. Citizens should beware of it." Chan added that bitcoin's price goes up ...

  5. News - Hong Kong - FINANCE

    MPF funds yielding returns less than inflation

    Posted Sep 25th 2013, 12:00am by Phila Siu

    ... the union found. "For most Hong Kong people, all they want from their MPF investments is that the returns meet inflation. That's all they want," union lawmaker Bill Tang Ka-piu said. ...

  6. News - World - FINANCE

    Big Cyprus savers could lose 60pc

    Posted Mar 31st 2013, 12:00am by AFP

    ... bank face losses of up to 60 per cent, far greater than originally feared under the island's controversial European Union-led bailout plan, officials said yesterday. Lawmakers were ... loan only by finding €5.8 billion of its own. "There will be a 37.5 per cent haircut on deposits over €100,000 that will be converted into shares," said Marios Mavrides, a lawmaker ...

  7. News - Hong Kong - FINANCE

    Calls for government to limit size of fiscal reserve

    Posted Feb 19th 2013, 12:00am by Tony Cheung

    ... Tony Cheung tony.cheung@scmp.com Guidelines have to be set on how much public coffers should contain so that surpluses can be better used, experts and lawmakers say Calls to limit size of fiscal reserve As the city's fiscal reserve hits a record HK$709 billion, experts and lawmakers are urging the government to set a limit to how big the public coffers should be. ...

  8. News - Hong Kong - FINANCE

    HKMA doubles the guard against money laundering

    Posted Apr 25th 2013, 05:44pm by Enoch Yiu

    ... laundering court cases that led lawmakers to urge tightened regulations for banks. Last month, public housing tenant Lam Mei-ling, 61, who moved more than HK$6.7 billion through nine Hong Kong banks ...

  9. Business - Companies - FINANCE

    Asset managers shocked at Bloomberg journalists monitoring clients' logins

    Posted May 14th 2013, 12:00am by George Chen

    ... Management in Hong Kong Charles Mok, lawmaker for the IT sector, described Bloomberg journalists' access to their clients' information as an obvious "breach of privacy". In April, ...

  10. Business - Banking & Finance - FINANCE

    New round of mortgage tightening likely amid fears of property bubble

    Posted Feb 04th 2013, 08:30pm by Enoch Yiu

    ... market remains the biggest risk factor to the stability of the Hong Kong economy," Norman Chan Tak-lam, chief executive of the authority, told lawmakers at a monthly financial affairs panel ...




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