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  1. Monetary Authority launches probe into 22 complaints

    Posted Oct 07th 2008, 12:00am by Joyce Man

    ... Joyce Man The Hong Kong Monetary Authority has opened investigations into 22 complaints about Lehman-related investment products. The complaints under investigation involved eight banks, which together represented 70 per cent of all the banks about which the authority has received complaints, Monetary Authority executive director for banking development Raymond Li Ling-cheung ...

  2. Beijing may bring steel tax breaks back to life

    Posted Aug 01st 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com Beijing is mulling moves to revive an old policy exempting high-end steel sold to manufacturers of export products from a 17 per cent value-added tax, in an effort to help the steel industry reeling from widespread losses. But analysts said the proposed policy would be difficult to implement and likely have a limited impact on the steel industry ...

  3. Results diary

    Posted Apr 10th 2006, 12:00am by Staff Reporter

    ... Today Final: Angang New Steel, APT Satellite Holdings, Asia Zirconium, China Eastern Airlines Corporation, China Electronics Corporation Holdings, China Mengniu Dairy, China Special Steel Holdings, Everpride Biopharmaceutical, IPE Group, Jiaoda Kunji High-Tech, Lee & Man Holding, Semtech International Holdings, Shenzhou International Group Holdings, Sinochem Hong Kong Holdings, ...

  4. Steel product futures draw keen interest in mock trading session

    Posted Mar 19th 2009, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai Investors showed keen interest in simulated trading of steel wire and screw steel futures started by the Shanghai Futures Exchange yesterday, a sign that the widely used material will receive a warm response when officially launched. Brokers predicted prices of the steel products would rise when the contracts hit the market- anticipated at the end ...

  5. Investors give steel futures trading strong start

    Posted Mar 28th 2009, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai China's first steel futures received a warm response from investors on their debut yesterday, with a surge in prices and heavy trading. Analysts said the launch ... to the screw steel and steel wire contracts, with most betting on a price rise of the building materials in line with Beijing's aggressive stimulus package. Screw steel for September delivery ...

  6. Caution to temper launch of steel futures trading

    Posted Jan 05th 2009, 12:00am by Carol Chan

    ... Carol Chan After three years of debate and preparation, trading in the mainland's first steel futures contracts is expected to begin shortly after the Lunar New Year. But steelmakers and steel traders seem cautious towards the new products despite futures contracts being widely regarded as a hedging tool for risk control. 'We'll not participate in the trading of steel ...

  7. Country to raise export taxes on steel products

    Posted Dec 22nd 2007, 12:00am by Staff Reporter

    ... Reuters in Beijing The mainland will raise some steel export taxes and continue to levy a tax on exports of coal, crude and ores next year to cool investment in energy-intensive and polluting sectors, according to the Ministry of Finance. It said yesterday that export taxes for energy-intensive products including ferro-alloy, coke and steel billet and some steel products would ...

  8. Steel company accused of huge tax scam

    Posted Jul 26th 2004, 12:00am by Staff Reporter

    ... Irene Wang Authorities have accused the operators of a Jiangsu iron and steel plant and two related companies of falsifying accounts to dodge a 300 million yuan tax bill. After a two-month inquiry, the State Administration of Taxation said it found shortfalls in tax payments by Jiangsu Tieben Iron and Steel Company and subsidiaries Changzhou Yinglian Iron and Steel and the Changzhou ...

  9. A man's world? Don't count on it

    Posted Jul 02nd 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Accountancy is still a man's world, but Winnie Cheung Chi-woon, chief executive of the Hong Kong Institute of Certified Public Accountants (HKICPA), has managed to smash through its glass ceiling. And she says women are playing a much bigger role than when she started. 'When I first joined the industry more than 30 years ago, very few women ...

  10. Business - Commodities

    Commodity stocks plunge amid market sell-off

    Posted Sep 06th 2008, 12:00am by Staff Reporter

    ... became panicky and dumped commodity stocks that they thought would hurt their investment portfolio.' Felix Man Kam-fai, a director of Hantec Futures, said the slowdown was reducing global ... cent so far this year. Major mainland steel, aluminium and copper manufacturers and suppliers also suffered in the sell-off. Angang Steel, the mainland's second largest steelmaker, saw its ...




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