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  • September 20, 2014
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  1. Owners braced for mortgage increases

    Posted Nov 12th 2003, 12:00am by Peggy Sito

    ... mortgage payments next year as the global interest-rate cycle shows signs of turning. With Australia and Britain lifting interest rates by 0.25 of a percentage point last week, economists ... a long-term recovery, said Mr Tang, who predicts the US will not lift its rates until the end of next year. The fall in Hong Kong mortgage rates - from 11.5 per cent at the beginning of 1998 ...

  2. Things always end badly when capital is mispriced

    Posted Nov 09th 2011, 12:00am

    ... investors demanded higher returns. The result was an explosion of lending to poor credits like sub-prime mortgage borrowers, with the risk parcelled out to investors around the world via ...

  3. Bocom reins in lending amid tighter money supply

    Posted Mar 31st 2011, 12:00am by Toh Han Shih

    ... Toh Han Shih Loan growth at Bank of Communications (Bocom) this year will be slightly lower than last year, said the Hong Kong-listed bank's executive vice-president Qian Wenhui. Last year, the bank's loans grew 21.6 per cent to 21.9 billion yua ...

  4. Mainland reserve requirements at record

    Posted Jan 15th 2011, 12:00am by Sophie Yu

    ... Sophie Yu Reserve ratio requirements for mainland banks have reached a record 19 per cent after Beijing announced another increase of 50 basis points yesterday. This is the first rise in lenders' reserve requirement ratio this year, following six suc ...

  5. PBOC vows to maintain moderate money policy

    Posted Apr 24th 2009, 12:00am by Staff Reporter

    ... Jane Cai in Beijing The mainland central bank yesterday vowed to 'firmly stick' to its moderately loose monetary policy, reassuring the market that there would be no credit tightening despite a lending surge in the first quarter of the year. The ...

  6. Mixed bag of figures blurs recovery story

    Posted Feb 14th 2009, 12:00am by Staff Reporter

    ... Jane Cai in Beijing Premier Wen's optimistic view may be premature Nothing is more welcome in a downturn than talk of an economic recovery. Since Premier Wen Jiabao referred to positive economic signs two weeks ago, the Shanghai stock market has rall ...

  7. Property - Hong Kong & China - Market

    Hong Kong buyers see homes as hedge against inflation, say analysts

    Posted Sep 19th 2012, 12:00am by Sandy Li

    ... by the Hong Kong Monetary Authority to tighten lending conditions on second mortgages might prompt some cash rich investors to bring forward their home purchase as they could be wary of further ... have more than one mortgage may borrow a maximum of 40 per cent of their monthly income, down from a previous 50 per cent. Property buyers from outside Hong Kong with more than one mortgage ...

  8. Business - Economy - ECONOMY

    Financial Secretary John Tsang says Hong Kong economy faces challenging year

    Posted Jan 08th 2013, 12:00am by Enoch Yiu, TONY CHEUNG AND RAY CHAN

    ... targeted. If US and Hong Kong interest rates rose, homebuyers would have to pay more for their mortgage loans, which would be a serious blow to property prices. "Hongkongers, especially the young, who wish to buy a new home must consider their ability to pay their mortgage and closely monitor changes in interest rates before making a decision," Tsang said. He also said ...

  9. IMF says China should raise taxes, rates to curb property price gains

    Posted Dec 04th 2010, 12:00am by Peggy Sito

    ... included tightening residential development loans to developers, increasing mortgage rates and cutting mortgage loans to individuals. It also stopped mortgages for buyers who purchase third homes. ... afterwards. The stamp duty was set as high as 15 per cent if a home was resold in less than six months. The Hong Kong Monetary Authority also lowered the maximum loan for mortgages to 50 per cent from ...

  10. Comment - Letters

    HK dollar can be strong again

    Posted Nov 05th 2012, 12:00am by LETTERS

    ... Change of economic policy can start with adjusting the peg The influx of mainlanders into Hong Kong, high property prices as well as the government's need to defend the Hong Kong-US dollar peg are all related. Who stands to gain from the currency peg resulting in a weak Hong Kong dollar- the government, the middle class, property developers, home mortgage payers or mainland ...




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