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  • September 22, 2014
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  1. Bank staff charged in theft of 540m yuan

    Posted Feb 02nd 2005, 12:00am by Staff Reporter

    ... of the bank's branches in Jilin province. Of the 541.94 million yuan embezzled, 334 million yuan was gambled away in Macau casinos or wagered on soccer matches with underground bookies in Changchun. The Modern Express Newspaper yesterday named three of the suspects as Zhang Yujie, Liu Kening and Li Jianping. Their positions with the bank were not known. The scandal began unfolding in April 2001, ...

  2. Li snaps up London site for $1.49b

    Posted May 20th 2005, 12:00am by Staff Reporter

    ... instantly,' Mr Li said. Last month, Cheung Kong and Hutchison established joint-venture companies to buy two projects, in Changchun, Jilin province and Changsha, Hunan province, for about $800 ... Ernest Kong Cheung Kong and Hutchison continue their buying spree with the purchase of 16-hectare plot for redevelopment Li Ka-shing has painted a rosy picture of his overseas property ...

  3. Help for debt-ridden universities pledged

    Posted Mar 27th 2007, 12:00am by Raymond Li

    ... Raymond Li The central government has promised to bail out the mainland's universities as they struggle with mounting debt from overborrowing in the late 1990s to fund rapid expansion. Director of the Ministry of Education's department of development and planning, Han Jin, said yesterday that the government would proceed with prudent accounting practices ...

  4. More mainland projects to lure Hong Kong buyers

    Posted Apr 30th 2008, 12:00am by Sandy Li

    ... Sandy Li Property agents plan to showcase more mainland developments to Hong Kong buyers in the next few weeks because they believe a growing number of investors may be tempted to capitalise on the rising yuan. And with buying interest among mainland investors drying up as a result of credit tightening, putting the brakes on rising house prices, mainland developers are likely ...

  5. Business insight and common sense is key

    Posted Apr 05th 2008, 12:00am by Andrea Li

    ... Written by Andrea Li Competitors should worry about their opponents and not try to compete with the computer, says organiser Participants of business simulation games, where players create and manage their own imaginary companies, all too often make the mistake of assuming the secret to winning lies in figuring out a generic strategy that can demystify the complexity of the software. ...

  6. Swire adds extra 1b yuan to Sanlitun project

    Posted Apr 07th 2008, 12:00am by Sandy Li

    ... Large-scale improvement work at the Village at Sanlitun, a mega retail-hotel development in Beijing, has prompted Swire Properties to pump in a further 1 billion yuan (HK$1.11 billion) investment at its first mainland project, which is due for opening bef ...

  7. Expatriates buying as rents climb

    Posted Mar 26th 2008, 12:00am by Sandy Li

    ... Sandy Li Falling mortgage costs boost growing trend to own homes in HK A growing number of young middle-income expatriates are being lured into buying units in mass residential properties or old apartment blocks after years of renting their homes. Helping to drive the new trend are expectations that rents could rise about 50 per cent as leases fall due for renewal during the year, ...

  8. Banks call time on property loan 'holidays'

    Posted Mar 21st 2008, 12:00am by Sandy Li

    ... Maria Chan and Sandy Li The Hong Kong Monetary Authority has stopped banks allowing people to delay principal repayments on their mortgages as the growing US subprime crisis raises fears that lenders are taking on too much risk. The de facto central bank asked local lenders yesterday to stop providing so-called deferred principal repayment mortgage schemes immediately. The schemes ...

  9. Questions over SHKP as home launches are cut

    Posted Mar 10th 2008, 12:00am by Sandy Li

    ... Sandy Li Brushing aside the unresolved chairmanship issue, Sun Hung Kai Properties (SHKP) unveiled a sharp decline in new home launches for this year, putting its earnings prospects ... and not its previous record, but management is having an abrupt change,' said Li Kwok-suen, a fund manager at Philip Capital Management. 'We understand the daily operations remain unchanged, ...

  10. Huge boost in education spending fails to impress

    Posted Mar 06th 2008, 12:00am by Raymond Li

    ... Raymond Li in Beijing Critics say pressing problems are not being addressed A major increase in the central government's education budget has largely failed to impress critics, ... of gross domestic product on education, an internationally accepted threshold for adequate funding in the sector. Chinese People's Political Consultative Conference delegate Li Junru , who ...




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