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  • August 30, 2014
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  1. Hang Lung Group chairman says no job losses, considers pay cuts

    Posted Nov 26th 2008, 12:00am by Joyce Man

    ... The Hang Lung Group has no plans to fire staff but may cut pay, starting with management, the property group's chairman said yesterday. Ronnie Chan Chi-chung, speaking after the China Economic and Business Forum 2008 at Hong Kong Polytechnic Universi ...

  2. Monetary Authority to probe mini-bond sales techniques

    Posted Sep 23rd 2008, 12:00am by Joyce Man

    ... Joyce Man Hundreds of investors claim they were not warned of risks The Hong Kong Monetary Authority says it will investigate whether banks used improper tactics to market Lehman Brothers mini-bonds, as angry bond holders demand answers about their investments. The authority was collecting complaints from investors and information from banks to assess whether the banks used improper ...

  3. Petition seeks support for abused bank staff

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

    ... Joyce Man A group of netizens has organised a petition in support of bank staff on the receiving end of a storm of abuse from angry investors in Lehman-backed derivative products. The move ... for the Betterment and Progress of Hong Kong last month. He said his mother had died a day after he discovered his investments were linked to the collapsed Lehman Brothers bank. Chan Man, a community ...

  4. Democrats drop legal bid after deal on Lehman products

    Posted Nov 06th 2008, 12:00am by Joyce Man

    ... Joyce Man The Democratic Party has dropped plans to sue several banks over allegedly mis-sold derivative investments because the banks have settled with complainants. Party chairman Albert ... director of banking supervision, Nelson Man. He did not say, however, that customers had any right to the recordings. The customers could be accompanied by a friend, relative or adviser or to take ...

  5. 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 ...

  6. Agents warned over investments

    Posted Sep 30th 2008, 12:00am by Joyce Man

    ... Joyce Man Agents selling investment products should understand their products and clients, the head of the Securities and Futures Commission said yesterday, as hundreds of Lehman Brothers minibond investors continued to complain about mismarketing. It is 'of paramount importance' that agents understand the products' investment features and risk profiles, and consider ...

  7. Legal aid bid for job challenge

    Posted Aug 05th 2008, 12:00am by Joyce Man

    ... Yvonne Tsui and Joyce Man Cheung Chau retiree Kwok Cheuk-kin has applied for legal aid to fund a judicial review over the government's decision to allow former housing director Leung Chin-man to work for New World Development. With the help of a Democratic Party lawmaker, Mr Kwok applied for funding to launch a judicial review into how the Advisory Committee on Post-service ...

  8. Watsons' workers win pay dispute

    Posted Jul 23rd 2008, 12:00am by Joyce Man

    ... Carrie Lok and Joyce Man Watsons Water workers won most of their demands yesterday after a two-day strike in their dispute with management, in a victory that could encourage other unionists to take similar action. Water deliveries, halted since Monday, will resume today after Watsons agreed to raise delivery workers' commissions, cap working hours, ease performance bonus ...

  9. Residents take gripes to Legco

    Posted Jul 09th 2008, 12:00am by Joyce Man

    ... Joyce Man West Mid-Levels residents lodged a complaint to lawmakers yesterday about developments they say are changing and endangering the residential area. Thirty residents, and Central and Western District councillor Cheng Lai-king, who claim to represent the interests of about 5,000 West Mid-Levels residents, met legislators through the Redress System, under which the public can ...

  10. Beijing, Moscow plan regular meetings to expand ties

    Posted Nov 07th 2007, 12:00am by Joyce Man

    ... Joyce Man The premiers of China and Russia drafted details for regular meetings between their heads of government during talks in Moscow yesterday. Russian Prime Minister Viktor Zubkov received Premier Wen Jiabao at the Russian White House to preside over the closing of the 2007 Year of China in Russia - an event aimed at promoting interest in Chinese culture and development ...




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