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  • September 15, 2014
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  1. Insurance eases stress of managing debt

    Posted Aug 17th 2003, 12:00am by Chris Oliver

    ... cent of the outstanding credit-card balance to cover card holders in case of inability to pay due to injury or death. The bank's mortgage loans also come equipped with the option to insure ... Call it a sign of the times. One of HSBC's latest product offerings is an insurance policy to help personal loan borrowers meet their monthly repayments if they are unable to work due ...

  2. HSBC offers mortgage cover

    Posted Nov 02nd 2003, 12:00am by Chris Oliver

    ... Chris Oliver Mortgage holders worried about loss of income due to unemployment or illness can ameliorate the risk with a new insurance product offered by HSBC, one of only two policies of its kind available in Hong Kong. HSBC's Mortgage Repayment Protection Plan, which is due to launch this week, offers coverage for residential home loans held with HSBC for both new ...

  3. China weighs reverse mortgages

    Posted Dec 08th 2003, 12:00am by Elaine Chan

    ... Elaine Chan Elderly citizens could soon receive increased incomes under the scheme China is studying plans to introduce reverse mortgages to help elderly citizens increase their incomes ... the scheme. The committee will report to the State Council, development group chairman Meng Xiaosu told the South China Morning Post. Mr Meng said the scheme, a type of home equity loan that allows ...


    Posted May 30th 2007, 12:00am by Staff Reporter

    ... Mortgage: A loan where the borrower offers property or land as security to the lender until the loan is repaid. Payments are usually made every month over a long period of time, for example 25 years. US new home sales: An economic indicator that measures sales of newly built homes. The data is released by the US Department of Commerce's Census Bureau. The government also ...

  5. ... and university students merit better loans scheme

    Posted Jun 10th 2007, 12:00am by Staff Reporter

    ... More than HK$160 million is a lot for the taxpayer to be out of pocket for extending loans to students to help them through university. That was the accumulated total of repayment defaults in September 2005. But the government is right to shelve a plan for washing its hands of non-means-tested loans and leaving them to the banks. Thanks to wealthy parents or corporate support, ...

  6. Subprime crisis shrinks pension fund returns

    Posted Sep 19th 2007, 12:00am by Enoch Yiu

    ... Enoch Yiu The US subprime mortgage crisis that has pummelled global stock markets also hurt the performance of Hong Kong's pension funds in the first seven months of the year. Local ... funds,' Mr Konyn said. The US subprime crisis has meant increased defaults on payments from people with poor credit records. That has led hedge funds with exposure to those loans to collapse ...

  7. Pension fund sees lessons in subprime mess

    Posted Aug 20th 2007, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai The mainland's social security fund will draw lessons from the United States subprime mortgage woes and exercise caution when investing overseas, said Xiang ... subprime mortgage defaults in the US have caused havoc in global markets, prompting central banks to pump billions of dollars to rescue the financial industry. 'Central banks must do something ...

  8. Jobs Roundup

    Posted Nov 15th 2008, 12:00am by Staff Reporter

    ... financial crisis, 'triggered by the US subprime mortgage debacle, has affected the employment situation in China, particularly many export-oriented enterprises'. Yin Chengji, a spokesman at the Ministry of Human Resources and Social Security, said that in order to bail out businesses in difficulty, credit and loans would be increased and more tariff refunds provided for exports. ...

  9. Labour-intensive firms win more support from Beijing

    Posted Oct 28th 2008, 12:00am by Josephine Ma

    ... stable in the face of the international financial meltdown. 'From this year, the US subprime mortgage debacle has triggered an international financial crisis and posed serious threats ... have had problems extending loans, forcing them to turn to underground financial institutes. But Mr Yin said the government would even bail out those small and medium-sized enterprises ...

  10. Solo survivors

    Posted Jun 12th 2007, 12:00am by Patsy Moy

    ... three months' training in basic business skills such as budgeting and accounting, and help with securing low-interest bank loans to launch small ventures. The government acts as guarantor for loans of up to HK$100,000. Kam set up as a trader of photocopy toner and carbon powder and was so successful he expanded into printing and opened eight outlets before selling part of the company ...




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