• Monday
  • April 21, 2014
  • Last updated: 12:27am
Hong Kong




Search Results

Results 1 - 10 of 170 for mortgage fraud

Related topics matching your search

Search results

  1. HSBC maintains its hold on mortgage market

    Posted May 13th 2011, 12:00am

    ... HSBC maintained its leading share in the mortgage market last month, with 27 per cent of all registrations, for the fifth straight month, according to mortgage consulting company mReferral. Bank of China was second with 25 per cent, followed by Hang Seng, Standard Charted and Bank of East Asia. The top two accounted for more than half of the market. There were 12,945 mortgage ...

  2. BOCHK and ICBC (Asia) increase mortgage rates by 25 basis points

    Posted Jun 28th 2008, 12:00am by Staff Reporter

    ... Maria Chan Bank of China (Hong Kong), the city's largest mortgage lender, and ICBC (Asia), the local unit of the mainland's largest bank, will increase mortgage rates for new homebuyers by 25 basis points from Monday. The move came after Hang Seng Bank raised mortgage interest rates for some of its customers early this week, and DBS Bank (Hong Kong) and China Construction ...

  3. Hang Seng joins mortgage price war

    Posted Mar 03rd 2006, 12:00am by Andy Chen

    ... Andy Cheng Lender lowers home loan rates as customers ask for concessions after learning of HSBC's surprise offer Hang Seng Bank joined the mortgage price war yesterday as customers applied pressure following HSBC's latest cuts in home loan rates. Hang Seng is offering mortgage rates of 2.5 percentage points below prime (7.75 per cent) and up to a 0.3 per cent rebate ...

  4. Hang Seng Bank cuts rebates but keeps mortgage rates steady

    Posted Nov 03rd 2007, 12:00am by Staff Reporter

    ... Maria Chan Hang Seng Bank, which overtook Standard Chartered Bank (Hong Kong) as the second-largest mortgage lender in the city last month, said it would reduce cash rebates on its mortgages. Beginning on Monday, the bank will lower the cash rebate by 0.3 percentage points. Homebuyers with loans of HK$800,000 or more could get a rebate of up to 0.5 per cent. Peggy Tam Lai-king, ...

  5. CCB seeks mortgage-backed securities

    Posted Jul 17th 2004, 12:00am by Staff Reporter

    ... for permission to launch the country's first residential mortgage-backed securitisation (MBS) deal. If approved, it could open up a new fund-raising channel for mainland banks, on the back of rapidly expanding residential mortgage lending. CCB, which is trying to clean up its balance sheet in preparation for a global share offering next year, has in the past three months enlisted ...

  6. Wing Lung cuts mortgage rates to 4.82pc

    Posted Feb 27th 2007, 12:00am by Staff Reporter

    ... Maria Chan Bankers expect home-loan market competition to intensify Wing Lung Bank, one of three lenders that joined the mortgage war yesterday, is offering home loan rates as low as 4.82 per cent, the cheapest to date, for the entire tenor of the loan. Bankers said they expected mortgage competition to intensify and rates to stabilise at about 4.85 per cent. Hang Seng Bank ...

  7. Ex-CEO charged with stock fraud

    Posted Mar 01st 2008, 12:00am by Martin Wong

    ... Martin Wong The former chief executive of a listed company has been charged with defrauding the stock exchange and authorising the issue of a prospectus containing an untrue statement. Pau Kwok-ping, 54, was chief executive officer of Eco-Tek Holdings, a ...

  8. Top fund manager following shift in economic power to China

    Posted Nov 27th 2009, 12:00am by Naomi Rovnick

    ... governments had 'mortgaged the future' in paying their way out of the financial crisis. There is no guarantee Bolton, who admitted he had not visited any second-tier mainland cities yet, ... allegations of fraud and corruption. But when asked if his intuitive powers were strong enough to choose the right horses to back on the mainland, Bolton said he felt confident. 'I've been ...

  9. Comment - Insight & Opinion

    Market-beating monkeys give hope to retail investors

    Posted Apr 27th 2013, 12:00am by Andrew Sheng

    ... in one's own home has been a good investment. This is officially supported leveraged investment, since most mortgages still require not more than 30 per cent down payment for the first home. ...

  10. Audit chief accuses leading lenders of permitting fraud

    Posted Jun 25th 2004, 12:00am by Staff Reporter

    ... Andrew K. Collier in Beijing The mainland's top audit chief has accused two state-owned banks of involvement in fraudulent loans worth billions of yuan. The National Audit Office said the Industrial and Commercial Bank of China (ICBC) and Bank of Communications permitted widespread fraud by accepting false documents and receiving bribes from lenders in the property, vehicle ...




SCMP.com Account